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GoGold Resources Inc T.GGD

Alternate Symbol(s):  GLGDF

Metals & Mining Industrial Metals & Minerals
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

GoGold Resources Inc > Another slow day for GGD
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Comment by ontheroad1on Apr 09, 2022 12:33pm
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Post# 34590735

RE:RE:RE:RE:Another slow day for GGD

RE:RE:RE:RE:Another slow day for GGD
I will throw another log on this fire: The PEA for St. Gertrudis showed an NPV of US$150 million at $1250 gold price. Agnico bought it for US$80 million cash and a $15 million royalty. US$95 million total. The offer was about .63 of the NPV of the project. Interesting to see that the sensitivity analysis showed an NPV of $225 million @$1500 gold. I would say Agnico did well. We can make the argument that GoGold had a stressed balance sheet and therefore was pressed to sell, but it is still a fair example of a buy out price.
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