GoGold Resources Files Final Prospectus for $75 Million Offering

The latest update is out from GoGold Resources ( (TSE:GGD) ).

GoGold Resources has filed a final short form prospectus for its $75,002,200 bought deal public offering of common shares, priced at $1.82 per share, with the potential to raise an additional $11,250,330 if the over-allotment option is fully exercised. The offering, expected to close on April 4, 2025, has received conditional approval from the Toronto Stock Exchange, and aims to bolster the company’s financial position and market presence, although the shares will not be available in the United States.

More about GoGold Resources

GoGold Resources is a Canadian-based company specializing in silver and gold production, with a focus on operating, developing, exploring, and acquiring high-quality projects in Mexico. The company operates the Parral Tailings mine in Chihuahua and is involved in the Los Ricos South and North exploration and development projects in Jalisco. Headquartered in Halifax, Nova Scotia, GoGold aims to build a portfolio of low-cost, high-margin projects.

YTD Price Performance: 47.56%

Average Trading Volume: 166,244

Technical Sentiment Signal: Sell

Current Market Cap: $402.7M

For a thorough assessment of GGD stock, go to TipRanks’ Stock Analysis page.