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GoGold Resources ( (TSE:GGD) ) has issued an announcement.
GoGold Resources Inc. has filed a National Instrument 43-101 Feasibility Study for its Los Ricos South Project in Jalisco State, Mexico. The study outlines a 15-year mine life with a re-engineered underground mine plan, projecting an after-tax NPV of $355 million and an IRR of 28% at base case metal prices. The project anticipates producing 80 million payable silver equivalent ounces, with initial capital costs of $227 million. This development marks a significant step for GoGold, positioning the company to commence construction of its first mine in the Los Ricos district, with potential for further expansion and exploration in the area.
More about GoGold Resources
GoGold Resources Inc. operates in the mining industry, focusing on the exploration and development of gold and silver resources. The company is primarily involved in projects located in Mexico, with a significant emphasis on the Los Ricos district.
YTD Price Performance: 28.05%
Average Trading Volume: 136,871
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $350.6M
See more data about GGD stock on TipRanks’ Stock Analysis page.