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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 BuyHighSellLow8on Jan 08, 2024 5:13pm
218 Views
Post# 35816458

RE:The Mexico risk factor for GGD

RE:The Mexico risk factor for GGDIMO, this is always a risk. I think the open pit moritorium is aimed more towards battery metals and environmental "concern" virtue-signalling with a sprinkle of "My predecessors have given away Mexico's national resources!!!"

I suggest it's virtue signalling because it makes for a nice headline to pander to environmentalists. Many industry experts contend modern open pit mining operations in developed nations are reletively "eco-friendly" with all the regulations and remediation requirements etc.

The Clarion-Clipperton zone between Hawaii & Mexico presents HUGE opportunities. Despite being an eco-system we've yet to fully explore, let alone began to understand, Mexico is one of the few countries on the ISA Counsil openly in favour approving mining operations. This seems at odds with a genuine having a concern for the environment.


All that aside, I don't think you and I need to worry about it too much, as the big boys have already priced that risk into the SP of all Juniors operating in Mexico, but I agree policy change poses a risk.




 
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