Bullboard - Stock Discussion Forum Golconda Gold Ltd V.GG

Alternate Symbol(s): GGGOF

Metals & Mining Gold

Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively... see more

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TSXV:GG - Post Discussion

Golconda Gold Ltd > May 2022 Presentation, AISC drops to 747/oz Au

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Post by Aton on Jun 02, 2022 2:39pm

May 2022 Presentation, AISC drops to 747/oz Au

Insiders and Management has 47,8% of the shares, not bad.

Forecast Galaxy intakt:

2022 15k - 18k oz
2023 24k - 27k oz

Average Production and AISC phase 1 26,700 oz Au/year ~US$897/oz Au2

Average Production and AISC phase 2 43,000 oz Au/year ~US$747/oz Au3

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Comment by Aton on Jun 03, 2022 7:05am

.and South Africa must be one of the best jurisdictions in the world to operate in, with lots of highly qualified mining staff at a reasonable wage level and political stability. Just sold out my mining stocks in Australia because of exploding costs, AISCs going up 30% in some months and almost impossible to recruit new personnel.

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