02:26:25 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



GoGold Resources Inc
Symbol GGD
Shares Issued 162,072,003
Close 2015-08-28 C$ 1.30
Market Cap C$ 210,693,604
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Taylor says buy GoGold Resources

2015-08-28 22:16 ET - In the News

Jay Taylor, in the Aug. 12, 2015, edition of Gold, Energy & Tech Stocks, says buy GoGold Resources Inc., recently $1.40. He first said buy on April 15, 2014, at $1.43. A $1,000 investment then is now worth $978. GoGold achieved commercial production on March 1, 2015. It is producing silver from a Mexican tailings project called Parral, which holds reserves of 35 million ounces of silver equivalent. Production in the second quarter came to 408,024 ounces. Now that GoGold is a producer, it should see a considerable increase in cash flow, and management plans to use that cash flow to develop the Santa Gertrudis mine in Mexico. The mine was a historical producer but was closed years ago when gold fell below $300 (U.S.). GoGold is working to put it back on production, and recently received the necessary environmental permits. As well, new drill results there suggest that the mineralization extends below levels previously built into the mining plans. Mr. Taylor likes GoGold's projects and really likes its management, which is "blessed" to be led by Terry Coughlan and Brad Langille. With precious metals about to "explode" in value, says Mr. Taylor, "it's possible Coughland and Langille are ready for their biggest success story yet."

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