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Bullboard - Stock Discussion Forum Antioquia Gold Inc AGDXF

Antioquia Gold Inc. is a Canada-based company gold exploration and development company. The Company’s primary focus is the operation of its Cisneros underground gold mine located outside Medellin Colombia. The Company’s flagship project is Cisneros project in Antioquia, Colombia. The project is located in the central portion of the department of Antioquia, roughly 55 km northeast of Medellin... see more

GREY:AGDXF - Post Discussion

Antioquia Gold Inc > AGD reported production
View:
Post by satuple on Apr 09, 2021 12:03pm

AGD reported production

of 6,923 oz in 1Q and plans to keep increasing production up to 4,500 oz per month. Exploration drilling also ongoing.
Comment by bing32 on Oct 03, 2021 8:15pm
Hi satuple im looking to invest in this stock, seem like a hidden gem to me, but why is it staying so low? huge debt? no cash? please enlight me !! thank you
Comment by satuple on Oct 06, 2021 10:16am
Hola Bing, AGD is highly indebted to its major shareholder. Au production has been ramping up and it reached 11,280 oz on 3Q 2021, an increase of 80% from 3Q 2020.  You can see mor info (like paragraph below) in SEDAR.  I think AGD will slowly come out of debt as production increases. "Readers should be cautioned that the Corporation's decision to move forward with the ...more  
Comment by bing32 on Oct 07, 2021 5:59pm
Bonjour Satuple, Thank you for your answer, i saw the news, but no info on revenu or profitability, a bit disapointing and probably why AGD is not going up the last 2 days, because the news seems really good to me. Bonne soire!
Comment by satuple on Oct 09, 2021 8:56am
Bonjour/Buenos dias, Bing You can see in Sedar AGD's financial statements issued at the end of August. I hope the increase in Au production will be the beginning of a better future. Saludos
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