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Golconda Gold Ltd GG


Primary Symbol: V.GG Alternate Symbol(s):  GGGOF

Golconda Gold Ltd. is a gold producer and explorer with mining operations and exploration tenements in South Africa and the United States. Its principal business activities are the exploration, development, and operation of gold mining properties. It operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively, the Galaxy Property) located in the Republic of South Africa (South Africa), through subsidiaries located in Mauritius and South Africa; and a mine and processing infrastructure located in the United States of America (the Summit Property). Its Galaxy gold property is situated about eight kilometers (km) west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. The property covers 58.6 square kilometers and is part of the Barberton Greenstone Belt.


TSXV:GG - Post by User

Bullboard Posts
Comment by clydeon May 05, 2008 4:39pm
383 Views
Post# 15039678

RE: Goldcorps first Quarter up 84%

RE: Goldcorps first Quarter up 84%

Because part of the earnings was an asset sale of SLW. I expect G to move much higher especially towards the end of the year. The Canadian Mines will begin to improve as production increases, and when Penasquito starts producing, the sales and profits will increase substantially.  G is still a very low cost producer and their mines are in friendly jurisdictions. So be patient, and as the POG moves up, Goldcorp's earning will increase even more.

Clyde

Bullboard Posts