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Bullboard - Stock Discussion Forum 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... see more

TSX:GGD - Post Discussion

GoGold Resources Inc > The Mexico risk factor for GGD
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Post by Systemtogo on Jan 08, 2024 12:19pm

The Mexico risk factor for GGD

Can anyone here give me a good reason why I shouldn't be worried about the Mexican govt and their hard stance against open pit mining from international companies? I know our intention for permitting is for underground at the moment but what about the future? Isn't this a big problem with such a popular Mexican president?
Comment by BuyHighSellLow8 on Jan 08, 2024 5:13pm
IMO, 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 ...more