Interview with Bradley Langille, President & CEO of GoGold Resources Inc.

Our previous interview: https://www.cruxinvestor.com/posts/gogold-resources-ggd-racing-to-silver-production-3164

Recording date: 15th September 2023

GoGold Resources is developing a portfolio of silver-gold projects in Mexico, with a focus on scaling production at the Los Ricos district in Jalisco state. The company already operates the Parral tailings project, generating cash flow for its growth pipeline.

In a recent interview, CEO Brad Langille outlined GoGold's fully funded path to production at Los Ricos. The project encompasses two deposits, Los Ricos North and South, with economic studies completed on both. Over 270 million silver equivalent ounces have been delineated through extensive drilling since 2018.

The phase one plan is to build a 1,750 tonne per day underground mine and process plant at Los Ricos South. An initial PEA outlined strong economics based on the high-grade Eagle deposit, with $458 million NPV from the first 11 years of mining. GoGold has approximately US$99 million in cash following a US$65 million raise, providing full funding for this initial capex of US$148 million.

GoGold aims to complete a pre-feasibility study by late 2022 or early 2023. Permitting is underway for the underground mine, with production targeted for 2024-2025. This would generate estimated annual cash flow of US$80 million at current silver prices.

The phase two expansion at Los Ricos North would follow, funded by cash flow and debt. This envisions an 8,000 tonne per day open pit operation, with total consolidated production exceeding 15 million silver equivalent ounces per year. Ultimately, GoGold is positioning Los Ricos to be one of the largest pure play silver producers globally.

Despite market weakness, GoGold has maintained a strong balance sheet and peer-leading growth pipeline. The phased approach reduces execution risk and positions the company to benefit from higher silver prices expected later this decade. With a proven team and clear path to production, GoGold offers leverage to unlocking one of Mexico's premier silver districts.
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View GoGold's Company Profile: https://www.cruxinvestor.com/companies/gogold-resources

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