GoGold Resources (TSX:GGD) has been attracting a lot of interest from institutional investors. Its shareholder register looks like a who's who in gold mining investment, and includes the likes of Van Eck, Franklin Templeton, Blackrock and American Century. Its pedigree is also excellent: the management team has already built a series of successful mining operations including Gammon Gold, Mex Gold and Nayarit.
GoGold sold its Santa Gertrudis mine in Sonora to Agnico Eagle Mines for $95m. Its Parral project in Chihuahua is now currently in production, with 2.2m Ag Eq produced in 2021. It is currently also now engaged in drilling at Los Ricos in Jalisco, which it acquired in August 2019. This is a 22,000 hectare concession purchased from 29 individuals to form one land package. The company has also purchased or optioned an additional 15 concessions covering over 2,500 hectares for under $2m. We spoke to CEO Brad Langille.
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