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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

Comment by tsoprano24on Apr 22, 2021 1:46pm
138 Views
Post# 33046000

RE:Financing

RE:FinancingUnfortunately the big boys like to get money out of their deals constantly. Short higher, cover with PP shares, rinse, repeat. If you want a lesson in bending over shareholders take a look at GCM. Easily the cheapest gold producer out there, but constant deal making by management has kept them in place for years. As soon as new highs are approaching they do a deal that knocks them back down. They pay a dividend and are doing a buyback yet can't seem to get out of their own way. In theory they will own multiple mines but so far only people making money are insiders. When Sprott and/or Guistra are involved expect games to be played at your expense. It's a shame too. Both stocks are worth so much more but constant meddling hurts.

T
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