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GoGold Resources Inc T.GGD

Alternate Symbol(s):  GLGDF

GoGold Resources Inc. is a Canada-based silver and gold producer. The principal business of the Company is the exploration, development, and production of silver, gold and copper primarily in Mexico. It is focused on operating, developing, exploring and acquiring projects in Mexico. The Company’s properties include Los Ricos and Parral tailings. The Los Ricos property is situated in Jalisco state, Mexico. The property is comprised of over 42 concessions, covering over 22,000 hectares (ha). The property is located approximately 100 kilometers (kms) northwest of the city of Gaudalajara. The property is split into two projects, the Los Ricos South project and the Los Ricos North project, which are approximately 25km apart. The Parral tailings Project is within the town limits of Hidalgo del Parral, in the State of Chihuahua, Mexico, which covers approximately 141 ha.


TSX:GGD - Post by User

Comment by ontheroad1on Jan 06, 2022 5:31pm
220 Views
Post# 34290851

RE:Non stop decline

RE:Non stop decline
The Sprott analysis for the quarter is out. The analyst does not seem too concerned about the lower production. The cashflow projections are lower, but GGD has plenty of cash to fund its massive drilling campaign for 2022. The C$700 market cap is now below the minimum requirement for the GDX. Can't think of a better time to start getting paid some or all of that $15 million that we are owed by the Mexican Govt. The drill results should do the talking for 2022. C$2.50 was last raise in May 2021. Hopefully it will provide a solid floor.
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