GoGold Resources Inc T.GGD

Alternate Symbol(s): GLGDF

Metals & Mining Silver

GoGold Resources Inc. is a Canada-based silver and gold producer. The Company is principally engaged in the exploration, development, and production of silver and gold in Mexico. It is focused on operating, developing, exploring and acquiring projects in Mexico. The Company operates the Parral Tailings mine (Parral) located in the state of Chihuahua, Mexico, and the Los Ricos district exploration property (Los Ricos), which includes two projects approximately 25 kilometers apart - Los Ricos South (LRS) and Los Ricos North (LRN), which are located in the state of Jalisco, Mexico. The Parral tailings Project is within the town limits of Hidalgo del Parral, in the State of Chihuahua, Mexico, which covers approximately 141 ha. The Los Ricos property is made up of 45 concessions and covers over 25,000 hectares, which is located roughly 100 km northwest of the city of Guadalajara and is easily accessible by paved road.

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GoGold Resources Inc

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Post by ValuKingon Sep 27, 2017 7:25pm

70 Views

Post# 26751037

Expected Gain from SG Sale

As of the last Q financials, the carrying value of SG was US$22.1 million. Once it closes, we will receive US$80 million for it. This yields in a one-time gain on the income statement of US$57.9 million, or US$0.34/sh (CAD$0.42/sh)!!!! Another reason to illustrate how cheap the stock is trading.

Bullboard Posts

Rig Count Soars as Utilization Surpasses Industry Averages