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.