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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 xauxag9on Jul 27, 2017 10:54am
213 Views
Post# 26516266

Canadian mines look much better going forward

Canadian mines look much better going forwardWe are closing our investments that operate in volatile sovereign nations - the parade of nonsense has been annoying to say the least. Goldcorp has more operations in Canada so there is way less geo-political stress for investors. We also feel that the Canadian dollar is peaking, so there will be an advantage on a currency adjusted basis to invest in Canadian production.
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