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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

Post by Ziondogon Mar 17, 2021 5:11pm
257 Views
Post# 32819315

Was a good day to add shares

Was a good day to add sharesRight behind the big morning drop by GG came the Federal Reserve dovish announcement that money isn't going to tighten this year and next. I'm expecting that to light the fuse to send gold and silver into orbit. I added shares today and my bid was too stinky to keep me from adding more. GG added a new Au-Ag mine in North America at about the same time their shaft accessed a major Au ore zone in Africa and on the day FOMC gave precious metals plenty of fuel to fly.
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