GoGold Resources Inc T.GGD

Alternate Symbol(s): GLGDF

Metals & Mining Silver

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.

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GoGold Resources Inc > Another slow day for GGD

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Comment by ontheroad1on Apr 09, 2022 12:33pm

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Post# 34590735

RE:RE:RE:RE:Another slow day for GGD

I will throw another log on this fire: The PEA for St. Gertrudis showed an NPV of US$150 million at $1250 gold price. Agnico bought it for US$80 million cash and a $15 million royalty. US$95 million total. The offer was about .63 of the NPV of the project. Interesting to see that the sensitivity analysis showed an NPV of $225 million @$1500 gold. I would say Agnico did well. We can make the argument that GoGold had a stressed balance sheet and therefore was pressed to sell, but it is still a fair example of a buy out price.

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