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Golconda Gold Ltd V.GG

Alternate Symbol(s):  GGGOF

Metals & Mining Gold
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

Golconda Gold Ltd > 3x earnings
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Comment by Tree2treeon Jan 22, 2022 8:41pm
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Post# 34348908

RE:3x earnings

RE:3x earnings
Can you explain where you get "3x last year's earnings"?

By my reading of the 2020 financials, there was a modest net earnings of $4.4 million.  However, in the first 9 months of 2021, the "earnings from mining operations" were not even enough to cover corporate overheads.  So the company is bleeding cash at the moment.  Please correct me if I missed something.   
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