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GoGold Resources Inc T.GGD

Alternate Symbol(s):  GLGDF

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.


TSX:GGD - Post by User

Bullboard Posts
Post by ValuKingon Oct 09, 2017 12:03pm
95 Views
Post# 26791985

Parral

ParralManagement says they can get Parral up to 2.5 million silver equiv ounces over this fiscal year (Sept 2017 - Sept 2018). This is over $40 million in revenue and around $20 million in cash flow!!! After the market sees how Parral is on track to hit the 2 million silver equiv ounce level, the stock should trade up to the $1 level and that's when I think larger silver producers like Great Panther or others listed on their presentation get interested.
Bullboard Posts