| Business Summary | | Grand
Central
Silver
Mines,
Inc.
(GCSM)
is
a
U.S.
mineral
resource
company
engaged
in
the
acquisition
and
exploration
of
mineral
properties
containing
gold,
silver,
copper
and
other
mineralization.
The
Company
controls
or
controlled
mining
and
mineral
exploration
properties
through
leases,
options
and
mining
claims
in
the
States
of
Utah,
Arizona,
Idaho
and
Nevada
and
in
Mexico.
GCSM
holds
production
royalties
on
mineral
properties
in
Utah.
In
Utah,
the
Company's
properties
primarily
lie
in
two
geographical
regions,
the
Millard/Beaver
Counties
area,
westerly
from
Milford,
Utah
and
the
Tintic
mining
district,
including
the
West
Tintic
area,
about
70
miles
southwesterly
from
Salt
Lake
City,
Utah.
The
Nevada
properties
were
located
primarily
in
Churchill
County.
In
Mexico,
the
Company
had
a
joint
venture
on
a
property
located
in
Coahuila
state
on
the
Chihuahua
border,
about
200-km
south
of
the
Big
Bend
of
Texas. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Grand
Central
Silver
Mines,
Inc.
is
a
U.S.
mineral
resource
company
engaged
in
the
acquisition,
exploration
and
development
of
mineral
properties
containing
gold,
silver,
copper
and
other
mineralization.
For
the
nine
months
ended
6/30/99,
the
Company
reported
no
revenues.
Net
loss
decreased
89%
to
$978
thousand.
Lower
loss
reflects
lower
general
and
administrative
expenses
and
the
absence
of
a
$7
million
loss
on
impairment
of
assets. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | John Headen | Pres | James Young | VP,
Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|