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Golconda Gold Ltd GG


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

Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold 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 South Africa, and a gold and silver mine and processing infrastructure located in the United States of America (the Summit Property) that is in care and maintenance. The Galaxy gold is situated approximately 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 approximately 58.6 square kilometers (km2) is part of the prolific Barberton Greenstone Belt.


TSXV:GG - Post by User

Post by biotechguy1on Aug 24, 2015 11:24am
259 Views
Post# 24045723

Gold 2400 by christmas

Gold 2400 by christmasJust a guess but when you look at all the markets unravelling. What else can go up.

oil is in the tank for now.  Goldcorp reigned in their dividend....now it's just 2 cents.  Increased their credit facility to 3 billion.  

Looks like there here on the hunt for cheap assets...and will probably be around 14. Million ounce of gold per quarter in 2017.   

Hopefully, they will raise their dividend when gold climbs above 1600 U.S.

great stable long term hold.

actuall picked up a little more recently.

glta
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