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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
Comment by BlindBoyon Jul 06, 2020 9:23pm
162 Views
Post# 31231744

RE:RE:RE:Fantastic News

RE:RE:RE:Fantastic News The resource growth was lovely to see, but the most outstanding aspect of the report was the huge reduction in AISC from around US$1100 (originally US$1400) to under US$750.  Plus the much extended mine life, of course.
Yeah, I'm very happy too about this report, even though I've only got about 20% of my original position left.  It's still 70k shares left, which is a whole lot better than nothing, all completely free, with a double digit negative cash cost, so any move GG makes is just additional pure gravy. 
Have to admit, I didn't expect a report this great! 
Bullboard Posts