Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

GoGold Resources Inc T.GGD

Alternate Symbol(s):  GLGDF

Metals & Mining Industrial Metals & Minerals
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

GoGold Resources Inc
Bullboard Posts
User Avatar Image
(7)
•••
Post by Bigredlark12345on Sep 18, 2018 3:10pm
170 Views
Post# 28641299

High grade tailings assets or more traditional exploration?

High grade tailings assets or more traditional exploration?Why did the sale of the smelter royalty happen right now, there was certainly no need to get cash for current operations. GoGold reported some minor exploration activity in the Q3 MDA.

 

"exploration costs of $239K. The exploration costs include drilling, geological consulting, and other diligence costs with various projects in the Parral region, for which the Corporation has not definitively obtained the mineral rights, as a result the costs were not capitalized. GoGold continues to pursue exploration opportunities in the region."

 

Considering where the silver price is trading right now, it could be a great opportunity to buy assets cheap. I don't the think they are primarily looking for tailings, even if that could be great way to double the life of mine for the tailings process. My guess is that they are looking for more traditional exploration projects in the region, but would certainly be happy if they moved forward with additional high grade tailings assets or more traditional exploration projects.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities