Thursday, September 18, 2025

Latest

GoGold Reports Net Present Value Of US$295 Million For Los Ricos South Project

GoGold Resources (TSX: GGD) this morning released the results of a preliminary economic assessment of its Los Ricos South project. Based on data collected to date on the property, an after tax net present value of US$295 million has been assigned to the project, based on $21.00 per ounce silver and $1,550 per ounce gold, including the standard five percent discount.

The net present value of the property represents a base case after tax internal rate of return (IRR) of 46%, with an estimated mine life of 11 years. Under this scenario, the company expects to mine a total of 69 million ounces of silver equivalent, with years two through six seeing an estimated average production of 8.7 million ounces of silver equivalent.

The PEA has essentially outlined a scenario where 2/3 of the operation is focused on open pit mining, while the remainder is mined through underground operations. The company expects that such an operation would cost initial capital of $125.1 million (including contingency), along with further sustaining capital costs of $62.3 million, with the operation as a result demanding $187.5 million in capital costs.

Once operational, the firm expects to be able to conduct its operations at an all in sustaining cost of $11.35 per ounce of silver equivalent.

With the PEA now complete, the company has indicated it will look to complete the engineering studies required for a pre-feasibility study. This year, the company also intends to focus on Los Ricos North, where a 100,000 metre drill program is currently underway with an initial mineral resource estimate targeted for 2021.

GoGold Resources last traded at $2.45 on the TSX.


Information for this briefing was found via Sedar and GoGold Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why $10K Gold No Longer Sounds Crazy | Dan Wilton – First Mining Gold

The Pure Silver Set Up! | Joaquin Marias – Argenta Silver Corp

Why $30,000 Gold Isn’t Crazy! | Simon Marcotte – Northern Superior

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

GoGold Resources Quarterly Production Falls 16% Due To COVID-19

GoGold Resources (TSX: GGD) this morning announced production of 504,444 silver equivalent ounces for the...

Tuesday, July 14, 2020, 08:37:39 AM

GoGold Resources: A Strong Balance Sheet & Positive Operating Cash Flow

On March 31, GoGold Resources Inc. (TSX: GGD) announced constructive assay results from the seven...

Monday, April 5, 2021, 10:22:00 AM

GoGold To Raise $40.0 Million At $2.85 Per Share

GoGold Resources (TSX: GGD) is wasting no time in an improving gold environment. The company...

Friday, February 18, 2022, 09:07:16 AM

GoGold Drills 33.6 Metres Of 164.4 G/T Silver Equivalent At Los Ricos North

GoGold Resources Inc. (TSX: GGD) reported this morning the latest drill results from the Casados...

Wednesday, June 16, 2021, 08:41:23 AM

GoGold Hits 1,320 G/T Silver Equivalent Over 1.5 Metres At Los Ricos North

GoGold Resources Inc. (TSX: GGD) announced today its drill results from the Casados deposit in...

Wednesday, April 21, 2021, 09:00:06 AM