Why does Klondike Star Mineral Corporation have no revenue?
As an exploration-stage company currently, Klondike Star’s job is to invest money in the exploration and ‘proving-up’ of mineral properties with the future prospect of putting a mine into production. The objective is to search for world-class deposits; therefore, until we have a producing mine we will have exploration expenditures. In many jurisdictions around the world, including Canada, those expenditures can be applied against future revenues to offset taxes, thereby creating the possibility of company profits and potential shareholder dividends.
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