About us
GoldSource, a wholly-owned subsidiary of FIMA, Inc., controls promising gold and silver property in the highly productive precious metal rich regions of Colombia. In the Los Mates Project, systematic sampling programs have demonstrated a tenor average of 10.2 g/ton of gold and 2.3g/ton of silver. GoldSource is also in the initial phases of negotiations to acquire additional promising mineral properties in other parts of Latin America as well.
Market Opportunities
Recently, numerous South American mining companies have demonstrated some of the remarkable success that is possible in this region. For instance, New Oroperu Resources (NOPUF) and Campania de Minas Buenaventura S.a. (BVN), both operators of gold mines in Peru, have seen their shares appreciate 600% and 166.8% respectively in approximately twelve months. Salazar Resources Ltd. (SRLZF), focused on gold, silver and copper mining in Ecuador, has seen growth of 212.5%, and Exeter Resource Corp (XRA), operating in Argentina and Chile, has been the beneficiary of an increase of 153.9% in share price. Also, there is additional room for growth in the price of gold. According to the German Bank Commerzbank, the 1980 record gold price of $871 adjusted for inflation would equate to $2,384 an ounce in 2008 dollars (Source: Spiegal Online/International). Even with gold currently fetching more than $1000 per ounce, there is clearly room for further price appreciation, particularly with growing concerns over recession.