GoGold Resources Reveals Feasibility Study Results for Los Ricos South Project

GoGold Resources ( (TSE:GGD) ) just unveiled an update.

GoGold Resources Inc. has announced the results of its Feasibility Study for the Los Ricos South Project in Jalisco, Mexico, revealing an after-tax net present value of $355 million. The study details a re-engineered 2,000 tonne per day underground mine plan, expected to minimize surface disturbance and expedite the transition to detailed engineering phases. With a projected 15-year mine life, the project anticipates producing 80 million silver equivalent ounces and demonstrates strong financial metrics, including an after-tax IRR of 28%. The company is in advanced discussions for financing and is poised to begin construction pending permit approvals, supported by community backing and a focus on growing high-grade resources.

More about GoGold Resources

GoGold Resources Inc. operates in the mining industry, focusing on the exploration and development of precious metals projects. The company primarily deals with the extraction of silver, gold, and copper, with a significant market presence in Mexico.

YTD Price Performance: 21.22%

Average Trading Volume: 169,617

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $318.5M

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