Belo Sun Mining

BSX.TO

Gold · Basic Materials

Price

C$1.56

-0.01 (-0.64%)

Market Cap

C$867.2M

Exchange

Toronto Stock Exchange

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

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Share count rising — dilution

+3.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 455.1M (2021) → 468.8M (2025)

Winston Score History

The full picture

Belo Sun Mining Corp is a Canadian mining company focused on developing a large gold project in Brazil. Its main asset is the Volta Grande Gold Project, located in the state of Pará in the Amazon region. The company has not yet started producing gold — it is still in the development and permitting stage.

Belo Sun does not currently generate revenue from selling gold. Instead, it funds its operations by raising money from investors through share issuances. The company operates entirely in Brazil and is considered a single-asset, pre-production miner, which makes it higher risk than companies already producing metal. The key challenge facing Belo Sun is obtaining the environmental and operating permits needed to build and run the mine, a process that has faced significant delays and opposition from Indigenous communities near the project site.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

-33.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

C$0/ year

Research and development spending

Insider Activity

30.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~4 years

C$41M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

C$41M cash & investments at current burn rate

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

N/A

—

Data not available

Profit after running costs

Operating Margin

N/A

—

Data not available

Return on the money invested

ROCE

-24.1%

Weak — -24.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

N/A

—

Data not available

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

N/A

—

Data not available

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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