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Voyageur Secures First International Sales Contract worth US$1.9 Million (click to learn more)
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Bullboard - Stock Discussion Forum Golconda Gold Ltd V.GG

Alternate Symbol(s):  GGGOF

Metals & Mining Gold
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... see more

TSXV:GG - Post Discussion

Golconda Gold Ltd > Q3 = Higher Gold Prices + Higher Production
View:
Post by tsxventurewatch on Aug 09, 2020 2:19am

Q3 = Higher Gold Prices + Higher Production

Mupane sales price for Q2 averaged $1716 an ounce. Seeing as gold will likely average >$1900 an ounce in Q3, Galane will generate at least an extra $200 for every ounce sold.
Comment by tsxventurewatch on Aug 09, 2020 2:31am
Galane Gold CEO, Nick Brodie commented: The increase in gold price is now showing in our operating results and operating cash flows. The production for the quarter was constrained by COVID-19, and such constraints continue to a lesser extent, but was still very positive and bodes extremely well for future quarters without these constraints." With increased production from both Mupane and ...more  
Golconda Gold Ltd
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