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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 stockfarton Nov 26, 2018 11:11am
123 Views
Post# 29021302

possible merger

possible mergerhttps://www.afr.com/street-talk/newcrest-mining-gold-plated-mega-deal-predator-or-prey-20181124-h18bed

The most logical is a scrip-based merger, which could add Newcrest's strong presence in Australia and the Pacific, with a big offshore miner's footprint in other parts of the world.

And in terms of the most likely dance partner, fingers are pointing at Vancouver-based giant Goldcorp, which has mines in Canada and Central and South America. If geographical diversification is the goal, then it is hard to find a neater fit.

Putting the two together would create a company with about $6.5 billion revenue and $3 billion earnings in the 2020 financial year, pre synergies, leaping it ahead of the likes of heavyweights Newmont and Barrick Gold. It would be a significant step for what is a highly fragmented industry globally, and a deal of international significance.


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