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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 oilisswellon Oct 20, 2022 1:36pm
345 Views
Post# 35036867

RE:RE:RE:RE:And the selling pressure continues

RE:RE:RE:RE:And the selling pressure continuesGGD will do very well. However, there are a lot of dayyrades playing for pennies. That is evident everyday as anyone selling at these levels is either losing money (unless of course they bought years ago, or are maiking a few cents. I suspect the latter as most of the trades are very small.

Silver is up 2% and GGD is even. Silver loses 2% and GGD goes down 9%. At the moment miners are out of favor. However, when the markets correct and manufacturing and techs come down to realistic valuations, commodities (miners, oil & gas, agriculture, etc) will shine. Manufacture, techs, etc. are afterall less essential than commodities. Without commodities, there would be no manufacturing, no tech. Since we do consume silver, it can and often does fall into deficit, unlike gold. The time will come soon enough GGD will decouple from gold. Gosilver! GLTA

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