Golden Star Resource Corp. Files Q2 2025 10-Q

TL;DR

GSR filed its 10-Q for Q2 2025. Check financials.

AI Summary

Golden Star Resource Corp. filed its 10-Q for the period ending December 31, 2024. The filing covers financial performance and operational details for the company, which is involved in miscellaneous metal ores. Specific financial figures and operational highlights for the quarter and year-to-date are detailed within the report.

Why It Matters

This 10-Q filing provides investors and stakeholders with a crucial update on Golden Star Resource Corp.'s financial health and operational status for the second quarter of fiscal year 2025.

Risk Assessment

Risk Level: medium — As a mining company, Golden Star Resource Corp. is subject to commodity price volatility, operational risks, and regulatory changes, which can significantly impact its financial performance.

Key Numbers

• 20241231 — Period End Date (The 10-Q covers financial data up to this date.)
• 20250214 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Golden Star Resource Corp. (company) — Filer of the 10-Q
• 20241231 (date) — Period of report for the 10-Q
• 20250214 (date) — Filing date of the 10-Q
• NV (state) — State of incorporation
• 0001375348 (company) — Central Index Key for Golden Star Resource Corp.

FAQ

Key Financial Figures

• $107,060 — March 28, 2007 and to date have raised $107,060, we will attempt to raise additional mo
• $30 — ficer and director, in consideration of $30 and we issued 3,000,000 shares of commo
• $435,410 — 2024, due to related parties balance of $435,410 (June 30, 2024: $405,546) represents th
• $405,546 — ies balance of $435,410 (June 30, 2024: $405,546) represents the combination of the foll
• $407,410 — nts the combination of the following: $407,410 (June 30, 2024: $377,546) was payable t
• $377,546 — e following: $407,410 (June 30, 2024: $377,546) was payable to a principal shareholder
• $28,000 — n-interest bearing and due on demand. $28,000 (June 30, 2024: $28,000) owed to a dire
• $155 — tification in lieu of paying the fee of $155 per claim. Payment of the Maintenance F

Filing Documents

• form10-q.htm (10-Q) — 355KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 17KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• form10-q_001.jpg (GRAPHIC) — 69KB
• form10-q_002.jpg (GRAPHIC) — 76KB
• 0001493152-25-006542.txt ( ) — 1777KB
• glns-20241231.xsd (EX-101.SCH) — 11KB
• glns-20241231_cal.xml (EX-101.CAL) — 16KB
• glns-20241231_def.xml (EX-101.DEF) — 30KB
• glns-20241231_lab.xml (EX-101.LAB) — 96KB
• glns-20241231_pre.xml (EX-101.PRE) — 71KB
• form10-q_htm.xml (XML) — 86KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 3 Item 1.

Financial Statements

Financial Statements: 3 Balance Sheets as of December 31, 2024 and June 30, 2024 4 5 6 7

Notes to Financial Statements

Notes to Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 10 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 11 Item 4.

Controls and Procedures

Controls and Procedures 11

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1A.

Risk Factors

Risk Factors 12 Item 2.

Properties

Properties 12 Item 6. Exhibits 15

Signatures

Signatures 16 2 GOLDEN STAR RESOURCE CORP. CONDENSED INTERIM FINANCIAL STATEMENTS SIX MONTHS ENDED DECEMBER 31, 2024 AND 2023 (Stated in U.S. Dollars) (Unaudited) 3 GOLDEN STAR RESOURCE CORP. CONDENSED INTERIM BALANCE SHEETS (Stated in U.S. Dollars) (Unaudited) December 31, 2024 June 30, 2024 ASSETS Current Cash $ 2 $ 13 Prepaid fees 2,800 2,800 TOTAL ASSETS 2,802 2,813 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY) Current Accounts payables and accrued liabilities $ 140,227 $ 132,249 Loan payable (Note 5) 284,058 284,058 Due to related parties (Note 6) 435,410 405,546 TOTAL LIABILITIES 859,696 821,854 STOCKHOLDERS' (DEFICIENCY) EQUITY Capital stock (Note 7) Authorized: 100,000,000 voting common shares with a par value of $ 0.00001 per share 100,000,000 preferred shares with a par value of $ 0.00001 per share; none issued Issued: 7,070,000 common shares $ 70 $ 70 C ommon stock value $ 70 $ 70 Additional paid in capital 106,990 106,990 Deficit accumulated during the exploration stage ( 963,954 ) ( 926,101 ) TOTAL STOCKHOLDERS' (DEFICIENCY) EQUITY ( 856,894 ) ( 819,041 ) TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIENCY) EQUITY $ 2,802 $ 2,813 Nature of operations and going concern (Note 1) The accompanying notes are an integral part of these condensed interim financial statements 4 GOLDEN STAR RESOURCE CORP. CONDENSED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Stated in U.S. Dollars) (Unaudited) 2024 2023 2024 2023 THREE MONTHS ENDED SIX MONTHS ENDED December 31, December 31, 2024 2023 2024 2023 Expenses Bank fees $ 13 $ 13 $ 26 $ 27 Professional fees 2,360 2,250 8,860 8,450 Office expenses 15,803 2,500 18,303 5,000 Transfer and filing fees 5,247 6,572 10,664 11,371 Operating Expenses 23,423 11,335 37,853 24,848 Net Loss and Comprehensive Loss $ ( 23,423 ) $ ( 11,335 ) $ ( 37,853 ) $

QUANTITATIVE

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item. ITEM 4. CONTROLS AND PROCEDURES. Under the supervision and with the participation of our management, including the Principal Executive Officer and Principal Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer have concluded that these disclosure controls and procedures are effective. There were no changes in our internal control over financial reporting during the quarter ended December 31, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. 11 PART II. OTHER INFORMATION ITEM 1A. RISK FACTORS We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item. ITEM 2. PROPERTIES Summary The following is a description of the Company's mineral properties. The Company holds a 100% interest on four contiguous Federal BLM unpatented lode mining claims in Nevada that were acquired for mineral exploration purposes, primarily in exploration for precious metals. The Property The four GSR lode mining claims, named GSR 1, 2, 3 and 4, were staked on Federal BLM lands on July 9, 2012 by Kee Nez Resources, LLC, a Utah limited liability company. The BLM claim numbers for claims GSR 1, 2, 3 and 4 are 1076314, 1076315, 1076316 and 1076317 respectively. Each of the four claims are 20.66 acres in size for a total of 82.64 acres. The Company acquired these unpatented claims on August 15, 2013, from Kee Nez Resources, LLC, who quitclaimed the four

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the Registrant and in the capacities on this 14th day of February, 2025. GOLDEN STAR RESOURCE CORP. (Registrant) By: /s/ Steven Bergstrom Steven Bergstrom A member of the Board of Directors. By: /s/ Marilyn Miller Marilyn Miller President, Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer, Secretary/Treasurer and a member of the Board of Directors. 16

View Full Filing

View this 10-Q filing on SEC EDGAR