GoGold Resources Inc T.GGD

Alternate Symbol(s): GLGDF

Metals & Mining Silver

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.

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GoGold Resources Inc > reality check?

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Post by becker123456789on Aug 19, 2024 10:02am

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Post# 36185732

reality check?

The current leader has not made1 mining concession in years and has made Mexico very unfriendly towards mining are unrealistic.

Public Bidding: All new mining concessions must be awarded through public bidding processes.
Concession Terms: The term for mining concessions has been reduced from 50 years to 30 years, with a one-time renewal for an additional 25 years.
Environmental and Social Permits: Concessions will only be granted after securing necessary environmental, social, and labor authorizations.

The new leader does not take office until October 1/2024 and the only hope is they change things or we are screwed plain and simple.