Santo Mining Corp. (OTCBB: SANP) is a development-stage mineral exploration company focused on gold exploration in the Dominican Republic. As of the fiscal year ended July 31, 2012, the company had generated no revenues since its inception on July 8, 2009. Capital to fund operations has come entirely from outside investment, including a private placement that raised $150,000 closing March 2, 2012. Total assets were $135,071 and accumulated deficit was $281,556 as of July 31, 2012. The company holds mineral claims in the Dominican Republic, situated within the Hispaniola Gold-Copper Back-Arc geological formation. Its independent auditor raised substantial doubt about the company's ability to continue as a going concern, citing the absence of revenues and dependence on external financing to sustain operations and advance toward gold production.
Products & Services
Gold mineral exploration claims in the Dominican Republic. The company holds mineral claim assets valued at $63,912 on its balance sheet as of July 31, 2012. No production or extractive operations had commenced.
Revenue Model
No revenues as of July 31, 2012. The company is pre-production and has relied entirely on equity investment and related-party advances to fund exploration activities.
Customers & Markets
No customers as of July 31, 2012. The intended end market is gold production, but the company had not reached production stage.
Geographic Exposure
Operations located entirely in the Dominican Republic as of the 10-K filed November 13, 2012. The company is incorporated and headquartered in Santo Domingo, Dominican Republic.
Financial Snapshot
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