Last $0.01 USD
Change Today 0.00 / 0.00%
Volume 0.0
WSRA On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

western sierra mining corp (WSRA) Snapshot

Open
$0.0080
Previous Close
$0.01
Day High
$0.01
Day Low
$0.0080
52 Week High
04/7/14 - $0.04
52 Week Low
02/6/14 - $0.0021
Market Cap
2.7M
Average Volume 10 Days
74.1K
EPS TTM
--
Shares Outstanding
253.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WESTERN SIERRA MINING CORP (WSRA)

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western sierra mining corp (WSRA) Details

Western Sierra Mining Corp., an exploration stage company, engages in the acquisition, exploration, mining, and development of mineral properties in the western United States and central Arizona. It principally explores for gold, silver, and other metals and minerals. The company holds interests in the Gold Basin mine comprising 4 claims located on approximately 332 acres in central Arizona; the Gold River mines situated in the Bradshaw Mountains; and the Mud Springs property situated in Crescent Valley. It also provides a range of services to the mining industry, including project management, project certifications and evaluations, mine engineering, and environmental permitting. The company was founded in 1907 and is based in Lake Havasu City, Arizona. As of November 17, 2011, Western Sierra Mining Corp. operates as a subsidiary of Gear International Inc.

2 Employees
Last Reported Date: 04/3/12
Founded in 1907

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western sierra mining corp (WSRA) Key Developments

Western Sierra Mining Corp. Completes Initial Modifications at the Gold Basin Mine

Western Sierra Mining Corp. confirmed that it is has recently completed the initial reconstruction of the Gold Basin Mine in the Prescott Mountains of Arizona. The project is part of a long term development agreement to open up the entire 350 acres of the placer property. The now completed work was done over a period of four months and included a complete redesign of the material flow in and around the facility, significant enlargement of the older recycling ponds, road improvements, added technology and extraction equipment for both the initial processing, final extraction and clean up prior to being readied for smelting. Approximately $2.6 million in operating equipment is now on site and in excess of $300,000 in infrastructure improvements. The new plant is designed to process 50 yards of ore grade gravels per hour. Estimated grades will run between 0.35 to 1.1 grams Au per yard. Initial start up will begin during the week of July 21, 2013 with individual systems testing and minor planned plant modifications to follow shortly thereafter. The new facility is planned for startup operation in early August and reaching full production during the third quarter of 2013. This initial program is planned as the small scale systems test in preparation for the larger development program including the expansion of the current facility to 250 yards per hour with some modifications to its existing permits. Expansion construction is being scheduled for mid 2014.

Gold Coast Mining Enters Agreement to Joint Venture with Western Sierra Mining Corp

Gold Coast Mining Corp. has entered an Agreement with Western Sierra Mining Corp. to purchase and develop the Azurite Property, which includes the following patented claims: Azurite, New Era, NIWOT Millsite, Little Kid, Wren and Jayhaker. Under the terms of the JV, Gold Coast will have a 50% working interest in the Azurite property in exchange for funding assistance to bring the claims into production. Additionally, Gold Coast has an option to acquire 50% ownership of the property. Azurite will be operated under a sublease agreement, with any and all sublease payments being applied 100% to the purchase price. The purchase price of the 50% ownership interest in the claims is $4.5 million. Gold Coast has also made payment of the initial $50,000 required under the conditions of the Agreement. The Company is currently in discussions with its investors from Gold Star, to work together on bringing the Azurite development forward. The Company and the investors are in agreement on Gold Coast's continued commitment to develop these projects while avoiding toxic financing and/or a reverse split. Therefore, the funding and acquisition of Azurite will be approached within the framework of those commitments. The Company will be updating shareholders regularly with information pertaining to Azurite, funding schedules, financing structures/plans and Gold Star joint venture.

 

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WSRA

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Valuation WSRA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 39.6x
Price/Book 0.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 9.3x
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