Eastern Goldfields IncOOTC EGDD Stock Report

Eastern Goldfields, Inc. engages in the development, exploration, acquiring and mining of gold properties. The company is headquartered in San Diego, California and currently employs 218 full-time employees. The company went IPO on 2006-01-11. EGSA conducts all of the Company’s business operations in South Africa through its South African corporation subsidiaries. On October 1, 2005, the Company’s wholly owned subsidiary, EGSA, acquired Eastern Goldfields Limited (EGL), a South African gold producer and developer corporation. On May 30, 2008, EGSA acquired Barberton Mines Limited, a South African gold producer and developer corporation. EGL conducts mining operations in the Barberton Greenstone Belt area of the Mpumalanga Province, South Africa. EGL is a South African holding company, which has three South African subsidiary corporations; Makonjwaan Imperial Mining Company (Pty) Ltd., Eastern Goldfields Exploration (Pty) Ltd. and Centurion Mining Company (Pty) Ltd.