Live from Zurich, I speak with the President and CEO of GoGold Resources, Bradley Langille, about their roadmap to becoming a 15 to 17 million Silver equivalent troy ounce producer at under $10 an ounce.
"We are a very Mexican focused mining group. Over the past 27 years, we have built four mines in Mexico and raised about a billion in a half in equity and hundred of millions in debt to build these mines.
We have no debt at GoGold with strong institutional following and a strong balance sheet. We have nearly a $100 million cash on our balance sheet and advancing our two projects. One is our operating mine which has been operating for nine years but Los Ricos is the driver of the company. We plan to build it next year (2024) and we have the equity and talking to debt providers.
LOS RICOS SOUTH will have have a full feasibility study early next year which will follow-up on the PEA. This shows about 8 million Silver equivalent ounces per year at an all-in sustaining cost of $9/oz with 11 years of mining.
But there is also LOS RICOS NORTH with about 8.8 million ounces per year silver equivalent at a cost of under $10/oz....."
To learn more about GoGold Resources please visit https://gogoldresources.com/
Please note, employees at GoldSeek and SilverSeek are long-term shareholders in GoGold Resources.
About the author
Founder and President of GoldSeek.com and SilverSeek.com
Twitter: @GoldSeek
His experience with the precious metals markets started back in the mid-1990s, which led to the creation of GoldSeek.com in 1995. Today GoldSeek.com ranks within the top, most-visited gold investor websites in the world with a 250,000+ global monthly reader outreach. Its sister site, SilverSeek.com, is ranked as the most visited silver website in the world recently reaching 100,000+ monthly silver investor readers.
With over 15 years of experience with investing into gold and silver mining companies, Peter devotes much of his time researching, consulting and investing into gold and silver stocks with a primary focus on micro-caps. His focus is also heavily on gold and silver’s return as monetary metals and the ongoing monetary and financial developments with a global perspective.
Back at the start of the new secular precious metals bull market, Peter established the technically+fundamentally-focused subscription newsletter, Gold Seeker Report. In 2005, he merged the service and co-founded The Gold & Silver Forecaster weekly newsletter.
Peter also specializes in assisting start-up / micro-cap ($1M - $100M+ market caps) companies connect with investors, capital among other specialized consulting services - typically IPO, undiscovered or turnaround situations.
In 2008 he launched an online gold and silver auction house - SeekBullion.com - which in its first year has auctioned over $10 million in bullion and coins with an additional $10M in the coming couple years. In 2012 the site is now under re-development pending a future re-launch.
Peter also makes frequent appearances in the media, including Investors Business Daily, MarketWatch, Reuters, and theStreet.com
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