Balance Sheet And FinancingC$144 million equity financing and an estimated treasury of about US$245 million position GoGold to fund the US$227 million capital expenditure for Los Ricos South, reducing the need for additional external financing.
PermittingReceipt of construction permits for Los Ricos South is a key catalyst that would allow funded development to commence and materially lower project risk in the eyes of investors.
Project Scale And ProductionFeasibility study outlines a largely underground 2,000 tonnes per day operation with a 15-year mine life and an average of about 7.3 million ounces per year silver equivalent in the first five years, supporting clear production visibility and potential long-term cash generation.