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Golconda Gold Ltd 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

Bullboard Posts
Post by onetimeron May 22, 2020 12:02pm
210 Views
Post# 31061191

positive notes from MDA

positive notes from MDA1. they paid the current royalties and have continued paying the deffered royalties out of cash flow
2. new small open pit mine started ( did not know about that one) with decent head grade
3. loss in quarter last year was $2.3million, this year a $1.6 million profit. a swing of $4miilion improvement
4. AISC have dropped by $160
5. average realized price of gold was $267 higher

once galaxy gets to 100 % operational, this stock should triple in no time
Bullboard Posts