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Gogold Resources Inc. (TSE:GGD)

Gogold Resources Inc. (TSE:GGD) Company Profile

Symbol(s): TSE:GGD, OTCMKTS:GLGDF
Industry: Silver Mining
Website: www.gogoldresources.com
eMail: info@gogoldresources.com

Gogold Resources Inc. (TSE:GGD) is a Canadian Silver mining company. It’s a junior emerging mid-tier producer mainly focused on exploration and development of mineral properties in Mexico and Canada. The company has multiple properties including Parral (Chihuahua, Mexico), Rambler (Newfoundland, Canada), San Diego (Durango, Mexico) and Santa Gertrudis (Sonora, Mexico).

Gogold Resources Inc. (TSE:GGD) has about 45 million ounces of silver reserves & resources and 1.1 million ounces of gold reserves & resources. The company currently produces almost 2 million ounce of silver per year with the all-in sustaining costs of US$ per ounce.

Gogold Resources Inc. has US$2 million cash and US$31 million debt. The company has 217.26 million shares outstanding and as of September 01, 2020, had a market capitalization of US$274.1 million. The stocks of Gogold Resources Inc. trade on the Toronto Stock Exchange and the Over-the-Counter Exchange.

Gogold Resources Inc. (TSE:GGD) Share Price Chart

Gogold Resources Inc. (TSE:GGD) Technical Data
Last Updated: September 2, 2020

Share Price:
CA$1.66 (9/1/2020 16:00:00)
Volume:
498830 (9/1/2020 16:00:00)
52 Week High:
CA$1.84
52 Week Low:
CA$0.37
Change from 52 Week Low:
348.639%
Change from 52 Week High:
-9.783%
Beta
0.75
Average Volume:
#N/A

Gogold Resources Inc. (TSE:GGD) Financial Data

Share Price:
CA$1.66 (9/1/2020 16:00:00)
Shares Outstanding:
217.26 million
Market Capitalization:
US$274.1 million *
Cash:
US$2 million
Total Debt:
US$31 million
Enterprise Value:
US$303.098 million
Earnings Per Share:
0
Price to Earning (P/E) Ratio:
#N/A

Gogold Resources Inc. (TSE:GGD) Gold Resources

Total Reserves & Resources:
1.05 million ounce
Plausible Reserves & Resources:
0.57 million ounce
Future Cash Cost Per Ounce:
US$700
Future All-in Sustaining Cost Per Ounce:
US$1100
Future Annual Production:
50000 ounce

Gogold Resources Inc. (TSE:GGD) Silver Resources

Total Reserves & Resources:
45 million ounce
Plausible Reserves & Resources:
32.4 million ounce
Future Cash Cost Per Ounce:
US$7
Future All-in Sustaining Cost Per Ounce:
US$11
Current Annual Production:
2 million ounce
Future Annual Production:
3 million ounce

Gogold Resources Inc. (TSE:GGD) Valuation by Resources

Gold Equivalent Resources:
1.702 million ounce **
Silver Equivalent Resources:
117.5 million ounce
Enterprise Value Per Gold Ounce:
US$178.095
Enterprise Value Per Silver Ounce:
US$2.58
Gold Equivalent Resources per FD share:
0.008 ounce
Silver Equivalent Resources per FD share:
0.541 ounce

* CAD to USD exchange rate of 0.76 was used in calculations
** Silver to gold ratio of 0.014486455164421 was used in the calculation of gold equivalent resources

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