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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

Comment by Tadon Dec 15, 2020 11:30am
147 Views
Post# 32108896

RE:lets have the update soon

RE:lets have the update soononetimer,

I'd have to listen to the recent presentation made by CEO Nicholas Brodie and Chairman Ravi Sood on the Virtual Metals and Mining Conference again, not sure if one of them mentioned that the upgrades to the Galaxy processing plant were to be commissioned in mid-December, or I read it somewhere recently. 

I would expect to hear an update from the company once they have successfully completed the upgrades and commissioning .... Perhaps before Christmas ?

Someone made a comment earlier about needing more "excitement" in their presentation. I thought the presentation was well done, nothing splashy, not over-promising, just steady as she goes. Let the merits of both operating mines drive the share price as management successfully executes their plans. Would definitely like to know what the budget for exploration drilling is going to be for 2021, an increase in resources especially at Mupane would help, at least the dicovery of a couple years of additional feed .... 

Not too many junior gold mining companies with two operating mines at this market cap .... 
Market should start taking notice of the constantly improving debt situation for Galane Gold ... mg't sounds quite confident they will be debt free sometime in the 2cd half of 2021.

Debt free, with two fully operatinal processing plants and approx. 2.4 million ounces of gold resources......the share price will start reflecting the significantly improving position this company will continue to exhibiit in the coming quarters.


GLTA !


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