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Golconda Gold Ltd 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

Post by ardbegoilon Apr 24, 2020 8:52am
142 Views
Post# 30948458

June gold futures expire next week.....

June gold futures expire next week.....And the futures are printing almost $1760 today.....I expect today to be a good "gold" day leading into the weekend especially with most sensible people not wanting to be exposed to all the uncertainty.....The upcoming Galane1st quarter results announcement should be good but I expect the month end futures expiry could be even better....There seems to be a bit of a physical gold squeeze attached to this expiry but we have heard that story before.....Hopefully Galane as an unhedged producer can benifit from the situation.....best to all
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