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GoGold Resources Inc T.GGD

Alternate Symbol(s):  GLGDF

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

Bullboard Posts
Comment by Hedberg77on Sep 11, 2020 9:47pm
291 Views
Post# 31547643

RE:Brad & Sprott on Mines & Money video!! Sept. 1st.

RE:Brad & Sprott on Mines & Money video!! Sept. 1st.

Thx for the link, worth the listen.  For those interested see below for a few takeaways:

Per Brad, Parral continues to fund exploration and pay operation team.  Interesting that Parral, and cleanup involved, was touted to be an environmental project, possibly currying favour with government.  Parral increasing from 1.8 to 2.2 (est) this year though we shouldn't expect major increases beyond 2.4 million.  All in cost $15 though may come down to 13.5.

Surprise moment - that insitutional investors (Sprott Asset Management et al) hold 35% of company - have GGD as a focus holding - proven team, resource could grow a lot, and "not been discovered."  If this is GGD undiscovered, then what will happen when it is?

Los Ricos continues to be the driver.  North looking to have 8-10 rigs within 60-90 days (is it reasonable to presume recent bought deal to fund?). 

South grades 200 or so but there appear to be going after higher targets.
GLTA
 

Bullboard Posts