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GoGold Resources ( (TSE:GGD) ) has issued an update.
GoGold Resources Inc. has announced a C$75 million bought deal financing agreement with a syndicate of underwriters led by BMO Capital Markets. The proceeds will be used for the development of the Los Ricos South project, exploration activities at both Los Ricos South and North projects, and general corporate purposes. This financing is expected to bolster GoGold’s operational capabilities and enhance its project development in Mexico, potentially strengthening its position in the silver and gold production industry.
More about GoGold Resources
GoGold Resources is a Canadian-based silver and gold producer focused on operating, developing, exploring, and acquiring high-quality projects in Mexico. The company operates the Parral Tailings mine in Chihuahua and has the Los Ricos South and Los Ricos North exploration and development projects in Jalisco. Headquartered in Halifax, Nova Scotia, GoGold is building a portfolio of low-cost, high-margin projects.
YTD Price Performance: 67.07%
Average Trading Volume: 157,611
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $459.5M
See more insights into GGD stock on TipRanks’ Stock Analysis page.