Intermediate Silver & Gold Producer Advancing High-Return Growth Pipeline in Mexico
Stock Codes:
TSX: GGD, OTCQX: GLGDF
Company Exposure:
Gold, Silver
Project Location:
Mexico
GoGold Resources is a Canadian-based silver and gold producer focused on the operation, development, exploration, and acquisition of high-quality mining projects in Mexico. The Company operates the Parral Tailings mine in Chihuahua and is advancing the Los Ricos portfolio in Jalisco, which includes the Board-approved Los Ricos South development project and the Los Ricos North exploration and development project. Headquartered in Halifax, Nova Scotia, GoGold is building a portfolio of low-cost, high-margin assets with significant growth potential.
Investment Highlights
- Established silver producer with a near-term growth pipeline through its producing Parral Tailings operation and the fully permitted Los Ricos South development project in Mexico.
- Transitioning into a multi-asset precious metals producer, leveraging operating cash flow from Parral to help fund the development of the high-margin Los Ricos district.
- Los Ricos South is a robust, fully permitted development project with a 15-year mine life, an after-tax NPV (5%) of US$355 million and a 28% IRR at the base case, with significant leverage to higher precious metal prices.
- Large-scale silver and gold production profile, with Los Ricos South expected to produce approximately 80 million payable silver equivalent ounces over its mine life and average annual production of 7.3 million AgEq ounces during its first five years.
- Low-cost future producer, with projected average all-in sustaining costs (AISC) of US$11.19/oz AgEq during the first five years of production at Los Ricos South.
- Cash-generating Parral operation continues to deliver strong production and operating cash flow while providing valuable funding for future growth initiatives.
- District-scale exploration upside across the 24,000+ hectare Los Ricos property, which includes both the advanced Los Ricos South project and the exploration-focused Los Ricos North project.
- Experienced management team with a proven track record of discovering, developing and operating mining assets in Mexico, supported by strong technical and operational expertise.
