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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

Comment by NiN777on Mar 05, 2019 2:38pm
141 Views
Post# 29445184

RE:RE:Turn down Newmont

RE:RE:Turn down NewmontThe best case scenario for Goldcorp would be for Newmont to be bought by Barrick and getting that 650 million breakup fee. Newmont Goldcorp has no synergy value, beside getting rid of redundant management. If I'd want to own Newmont I'd buy their shares, but I see very limited growth, they look to be more into capital conservation mode. Joint-Venture 50/50 is a good business model in my opinion to finance and de-risk new mega-project. As for the institutional shareholders, they usually own both companies(Van Eck / BlackRock), I'm unsure what they stand to gain. I think Goldcorp black clouds are behind.
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