Great Earnings ( $2.8 m ) ..Great Outlook..5 bagger Highlights for the three-month period ended June 30, 2020:
Completed the quarter with total cash and cash equivalents and investments of $13 million ( $0.14 per share );
Net income of $2,840,204 (basic earnings per share of $0.03) as compared to a net loss of $74,013 (basic loss per share of $0.00) for the three months ended June 30, 2019;
Increased consulting revenue by 135% to $937,202 from $399,673 for the three months ended June 30, 2019;
Yamana Gold engaged GoldSpot for its Cerro Moro gold and silver mine in Argentina after recent successes with Goldspot's work at Yamana's El Penon (Colombian property). By engaging GoldSpot, Yamana seeks to be on the cutting-edge of mineral exploration, minimizing exploration risk, reducing exploration and drilling costs and making new mineral discoveries;
GoldSpot entered into strategic data & royalty relationship with NV Gold Corp. to utilize GoldSpot's technologies to generate new exploration targets by analyzing NV Gold's databases, which span over four decades acquired from AngloGold Ashanti North America Inc. and its predecessors and U.S. Minerals Exploration Corp;
GoldSpot announced a signed agreement with Monarch Gold Corp., following an investment from Caisse de depot et placement du Quebec (CDPQ), to continue to advance the Beaufor mine, located on the prolific Abitibi greenstone belt in the province of Quebec;
andGoldSpot's client, Manitou Gold Inc. drill target intercepts in drill hole MTU-20-14, located on the Patents property at the Goudreau project in Northeastern Ontario, provide early confirmation of prospectivity mapping in that area generated by GoldSpot's artificial intelligence (machine learning) application. The major structure intersected at the Patents Property is directly within Goldspot's previously highlighted prospective zone and conforms to the Company's proprietary structural geology interpolation mapping techniques.
SPOT SERVICES AND TRCHNOLOGY ARE IN THE RIGHT PLACE AT THE RIGHT TIME...BOOMING MINERAL PRICES..
IT HAS NO DEBT AND STRONG MANAGEMENT AND WILL MAKE WINNERS FOR THOSE WHO RECOGNZE THAT SPOT SERVICES IS A GREAT ADVANCEMENT IN MINERAL EXPLORATION