In this interview at the Red Cloud Fall Mining Showcase 2024, Kenneth MacLeod, President & CEO of Sonoro Gold Corp. (TSXV: SGO, OTCQB: SMOFF, FRA: 23SP), provides insights into the junior gold market and his company’s operations in Mexico.
MacLeod begins by discussing the current state of the junior gold market, addressing challenges and opportunities facing smaller exploration and development companies. He then focuses on Sonoro’s project in Mexico, highlighting the company’s extensive drilling program, their plans for an open-pit heap leach mine, and the positive impact of recent changes in Mexican government policies on mining.
MacLeod emphasizes Sonoro’s potential for significant resource expansion, noting that only 30% of known mineralized zones have been drilled so far. He also discusses the company’s ownership structure, with insiders holding 24%.
MacLeod mentions growing interest from European investors, indicating broadening market appeal and liquidity for the stock. Looking ahead, he outlines key catalysts for Sonoro, including the pending environmental approval and the goal of reaching production by late 2025 or early 2026—providing investors with a clear timeline for potential value realization.
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