STOCK TITAN

GOGOLD RESOURCES INC ORD - GLGDF STOCK NEWS

Welcome to our dedicated page for GOGOLD RESOURCES ORD news (Ticker: GLGDF), a resource for investors and traders seeking the latest updates and insights on GOGOLD RESOURCES ORD stock.

GoGold Resources Inc. (GLGDF) is a Canadian-based silver and gold producer with operations in Mexico. The company operates the Parral Tailings mine in Chihuahua and has exploration projects in Jalisco. GoGold focuses on developing and acquiring high-quality projects, with a strong balance sheet and significant milestones achieved in recent years. They are well-positioned for growth with a focus on becoming a low-cost silver producer.

Rhea-AI Summary

GoGold Resources has announced promising results from five new drill holes at the El Favor deposit within the Los Ricos North project. Notable findings include drill hole LRGF-21-052, which intersected 51.3m of 136 g/t silver equivalent, featuring 0.9m of 1,576 g/t AgEq in the newly discovered El Favor East zone. The exploration team plans to continue drilling further east, with additional holes pending assays. GoGold expects these results to significantly contribute to their upcoming resource estimates, highlighting the continued growth potential of their exploration activities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.21%
Tags
none
-
Rhea-AI Summary

GoGold Resources Inc. reported positive results from 8 diamond drill holes at the El Orito area of its Los Ricos North project. Notably, hole LRGO-21-052 intersected 1.7m of 1,181 g/t silver equivalent (AgEq) within a broader 38.1m section of 186 g/t AgEq. These findings stem from a recent Induced Polarization geophysical survey, indicating strong mineralization potential. The company plans to continue testing numerous targets in the coming months, enhancing optimism about the project's potential.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.77%
Tags
none
-
Rhea-AI Summary

GoGold Resources has announced results from 11 new drill holes at the Casados deposit, part of the Los Ricos North project. Drill hole LRGCS-21-056 returned a remarkable 4,367 g/t silver equivalent over 1.0m, within a broader intersection of 45.9m at 259 g/t AgEq. This highlights the area's high-grade intercepts and potential for bulk mining. The company is advancing towards a significant initial resource, with previous successes in their Los Ricos South project indicating a measured and indicated resource of 63.7 million ounces AgEq.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.68%
Tags
none
Rhea-AI Summary

GoGold Resources (OTCQX: GLGDF) reported silver equivalent production of 575,302 ounces for the quarter ending June 30, 2021, driven by 315,632 silver ounces, 3,170 gold ounces, and 120 tonnes of copper. The Parral mine has generated positive free cash flow for ten consecutive quarters, exceeding US$5.5 million this quarter. The company ended the quarter with over US$73 million in cash. Maintaining strong financial health, GoGold is reinvesting cash flow into its Los Ricos projects to drive future growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.4%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.63%
Tags
none
-
Rhea-AI Summary

GoGold Resources Inc. has announced significant results from recent drilling at the El Favor deposit within its Los Ricos North project. Drill hole LRGF-21-048 intersected 61.3 meters of 285 g/t silver equivalent, including a notable 1 meter at 5,071 g/t AgEq. This intersection represents some of the highest grades yet observed in the deposit. The company is optimistic that these results will enhance the resource estimates, as ongoing drilling continues to reveal extensive mineralization.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.98%
Tags
none
Rhea-AI Summary

GoGold Resources announced significant drilling results from the Casados deposit in the Los Ricos North project. Drill hole LRGCS-21-043 yielded an impressive 1,213 g/t silver equivalent over 1.9m, part of a larger intercept of 33.6m at 164 g/t AgEq. The company is advancing drilling at El Nayar to validate earlier mapping and sampling successes. GoGold anticipates these efforts will enhance resource definition and lead to further discoveries in the region, potentially boosting investor confidence.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.96%
Tags
none
-
Rhea-AI Summary

GoGold Resources Inc. (OTCQX: GLGDF) reported promising results from 12 diamond drill holes in its El Orito area, part of the Los Ricos North project. Notable findings include hole LRGO-21-041, which intersected 4.2m of 1,007 g/t silver equivalent within a broader 58.0m of 168 g/t AgEq. An Induced Polarization survey is underway to map sulphide-rich zones, revealing a significant chargeability anomaly. The company anticipates further exploration results, reinforcing its belief in the Los Ricos district's importance in silver mining.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.84%
Tags
none
-
Rhea-AI Summary

GoGold Resources has released positive results from six new drill holes from the El Favor deposit at its Los Ricos North project. Drill hole LRGF-21-041 revealed significant potential with a 56.1m intersection averaging 105 g/t silver equivalent, including a high-grade section of 1.3m at 1,243 g/t AgEq. These findings suggest the possibility of a mineralized zone exceeding 3 kilometers. The company plans extensive drilling this year, targeting over 100,000 meters across various sites, bolstering its resource potential in the area.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.7%
Tags
none
Rhea-AI Summary

GoGold Resources Inc. reported promising results from 9 new drill holes at the Casados deposit in the Los Ricos North project. Notably, drill hole LRGSC-21-038 achieved an impressive 830 g/t silver equivalent over 2.6m, including a peak interval of 2,835 g/t AgEq over 0.8m. This discovery highlights the potential for further exploration in the Casados North zone, with a maiden resource estimate expected later this year, which could positively impact the company's prospects and valuation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
Tags
none

FAQ

What is the current stock price of GOGOLD RESOURCES ORD (GLGDF)?

The current stock price of GOGOLD RESOURCES ORD (GLGDF) is $0.7775 as of December 20, 2024.

What is the market cap of GOGOLD RESOURCES ORD (GLGDF)?

The market cap of GOGOLD RESOURCES ORD (GLGDF) is approximately 280.6M.

Where is GoGold Resources Inc. based?

GoGold Resources Inc. is headquartered in Halifax, NS, Canada.

What are the main operations of GoGold Resources Inc.?

The company is focused on operating, developing, exploring, and acquiring high-quality silver and gold projects in Mexico.

What projects does GoGold Resources Inc. have in Mexico?

GoGold Resources Inc. operates the Parral Tailings mine in Chihuahua and has exploration projects in the state of Jalisco.

What is the strategic focus of GoGold Resources Inc.?

GoGold Resources Inc. aims to become a low-cost silver producer, with a strong balance sheet and a portfolio of high-margin projects.

Who is the President and CEO of GoGold Resources Inc.?

Brad Langille is the President and CEO of GoGold Resources Inc.

What are some recent achievements of GoGold Resources Inc.?

In recent years, GoGold Resources Inc. has achieved significant milestones, including the development of the Los Ricos district and completion of economic assessments.

What type of mining operation does GoGold Resources Inc. focus on?

GoGold Resources Inc. focuses on silver and gold production with a portfolio of projects aimed at low-cost, high-margin operations.

How can I stay informed about the latest news from GoGold Resources Inc.?

To stay informed about GoGold Resources Inc.'s latest news and developments, visit their website or follow their press releases.

What are the future plans of GoGold Resources Inc.?

GoGold Resources Inc. plans to complete feasibility studies, advance technical work on projects, and focus on becoming a substantial low-cost silver producer.

Who is the qualified person responsible for technical information related to GoGold Resources Inc.?

Mr. Robert Harris, P.Eng., is the qualified person responsible for technical information related to GoGold Resources Inc.

GOGOLD RESOURCES INC ORD

OTC:GLGDF

GLGDF Rankings

GLGDF Stock Data

280.58M
304.31M
6.41%
28.8%
Other Precious Metals & Mining
Basic Materials
Link
United States of America
Halifax