Lode star Mining Inc   (LSMG)
Other Ticker:  
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
Price: $0.0200 $0.00 0.000%
Day's High: $0.0204 Week Perf: 29.03 %
Day's Low: $ 0.02 30 Day Perf: -54.55 %
Volume (M): 15 52 Wk High: $ 0.04
Volume (M$): $ 0 52 Wk Avg: $0.02
Open: $0.02 52 Wk Low: $0.02

 Market Capitalization (Millions $) 2
 Shares Outstanding (Millions) 121
 Employees 2
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Lode Star Mining Inc

Lode-Star Mining INC. was incorporated in the State of Nevada on December 9, 2004 for the purpose of acquiring and exploring mineral properties. Our principal executive offices are located at 13529 Skinner Road, Suite N, Cypress, Texas 77429-1775. We also maintain a Canadian business office at 666 Burrard Street, Suite 600, Vancouver, British Columbia, Canada V6C 2X8.

Further to a Mineral Option Agreement dated October 4, 2014, on December 5, 2014, we entered into a subscription agreement (the “Subscription Agreement”) with Lode Star Gold INC. (“LSG”), a private Nevada corporation, pursuant to which we agreed to issue 35,000,000 shares of our common stock, valued at $230,180, to LSG in exchange for a 20% undivided beneficial interest in and to the mineral claims owned by LSG (the “Acquisition”). The Closing Date of the Subscription Agreement was December 11, 2014 (the “Closing Date”).The mineral claims, known as the “Goldfield Bonanza Project” (the “Property”), are located in the State of Nevada.

As a result of the Acquisition, LSG acquired 35,000,000 shares of our common stock, or approximately 71.2% (currently) of the total voting power of all of our outstanding voting securities. LSG assumed control from the holders of our issued and outstanding common stock, and in particular our former president, who owned approximately 24.3% of our common stock prior to the Closing Date.

LSG was incorporated in the State of Nevada on March 13, 1998 for the purpose of acquiring exploration stage mineral properties. It currently has one shareholder, Lonnie Humphries, who is the spouse of Mark Walmesley, our President and Chief Financial Officer. Mr. Walmesley is also the Director of Operations and a director of LSG.

LSG acquired the leases to the Property in 1997 and became the registered and beneficial owner of the Property on September 19, 2009. Since the earlier of those dates, it has conducted contract exploration work on the Property but has not determined whether it contains mineral reserves that are economically recoverable.

   Company Address: 1 East Liberty Street Reno 89501 NV
   Company Phone Number: 234-5443   Stock Exchange / Ticker: LSMG
   LSMG is expected to report next financial results on March 23, 2024.

Customers recorded net loss Customers recorded net loss

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


Stock Performances by Major Competitors

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Lode Star Mining Inc

Lode Star Mining Inc achieves improved financial performance with reduced operating loss in recent fiscal period

The Metal Mining industry has long been dominated by large corporations that set the benchmark for earnings and performance. However, in recent times, smaller corporations are beginning to make their presence felt by reporting their financial results. LSMG, a smaller corporation in the industry, recently announced an operating loss of $-0.008844 million for the third quarter of 2023.
Comparing this figure to the company's performance in the same period the previous year, it becomes evident that LSMG has made significant progress in terms of cost efficiency. In the similar three months of the previous year, LSMG reported an operating loss of $-0.010505 million. This shows that the management of Lode Star Mining Inc has been able to compete more economically, delivering a better financial performance.

Lode Star Mining Inc

Lode Star Mining Inc defies odds as operating deficit narrows by 75% in Q2 2023, sparking investor optimism

Lode Star Mining Inc, a prominent player in the metal mining sector, recently announced its second quarter results for 2023. The company's operating deficit stood at $-0.025448 million for the period, indicating a significant improvement compared to the same period last year when the deficit was recorded at $-0.099545 million. This news has sparked optimism among investors, highlighting a positive trend for the company.
However, it is important to note that Lode Star Mining Inc has not yet disclosed any revenue figures for the April to June 2023 period. Despite this, the operating deficit improvement signals progress for the company. These results indicate that Lode Star Mining Inc is in an emerging stage and must focus on developing a robust business strategy while ensuring it maintains sufficient liquidity for day-to-day operations.

Lode Star Mining Inc

Lode Star Mining Inc's Q1 2023 Report Shows Significant Reduction in Operating Loss, Easing Investor Concerns

Investors in Lode Star Mining Inc can breathe a sigh of relief as the January to March 31, 2023 reporting season approaches and no significant adjustments are anticipated at the company. This serves as a testament to the management's ability to navigate the turbulent waters of the metal mining industry, while making strides towards profitability.
One of the most crucial metrics for any business is the operating loss, and Lode Star Mining Inc has shown marked improvement in this regard. In the same period last year, the company's operating loss was at $-0.033481 million, while this year, it stands at $-0.006155 million. This is an impressive upswing, signifying that the company is heading in the right direction.



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