GoGold Resources Inc. engages in the exploration, development, and production of gold and silver primarily in Mexico. The company holds an interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds an option to acquire 100% concessions of the Los Ricos project, which covers 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico. The company is headquartered in Halifax, Canada.
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Gogold Resources Inc
Sector
Precious Metal
Founded
April 22, 2010
Employees
229
Reporting Currency
CAD
Contact Phone
19024821998
Website
gogoldresources.comHeadquarters Address
Cogswell Tower , Halifax , NS B3J 3K1 , CA
Identifiers
ISIN
CA38045Y1025CUSIP
38045Y102
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Luca Mining's $290 million acquisition of the Cozamin copper-silver mine from Capstone Copper more than doubles near-term production and cash flow. Guest argues Cozamin's AISC (All-In Sustaining Cost — the full cost to produce a pound or ounce) is under $2, leaving several dollars of margin per pound of copper. A second deal buys Agnico Eagle's El Barqueño project in Jalisco for $10 million upfront, adding a low-risk gold-silver development asset. Blue-chip financiers including Wheaton, Macquarie, Taurus, National Bank and a 19.9% strategic investor back the transactions. Guest contends Luca trades near half fair value, with Cozamin cash flow from November 1 funding exploration, development and possible shareholder returns.
Gold at $4,100 anchors his buy-the-dip plan: add again below $4,000, and again below $3,700. His Beaver Creek list holds 37 stocks, all rated as tenbaggers (ten-times-plus targets), with seven winners out of ten as the goal. He grades risk-reward by letter and number; near-term producers screen best, while late-stage projects carry more risk. Discovery Silver and Osisko Gold Group lead his Canadian gold picks, and Silver X's 250 million ounce resource lifted the grade. Low insider ownership makes Andean Silver, Talisker and Avino the likeliest takeover targets on his list.
Eric Sprott is both seller and backer: he controls about 60% of vendor Stroud Resources and is lead order in Silver Hammer's $10 million raise. About $5 million funds 7,000 metres at Santo Domingo in Mexico, targeting a PEA (Preliminary Economic Assessment — an early economics study) within 18 months. US assets offer nearer-term catalysts: Silver Strand is permitted for small-scale underground production, and Nevada's LISA may host an unseen gold zone. In Morocco, the team cites an operating, permitted processing facility and stockpile purchases, targeting cash flow in under 12 months. An incoming Sprott-side team — chairman Jeff Kennedy, VP Scott Jobin-Bevans, director Connor O'Brien — joins about $13 million in cash with no debt.
A roughly C$7 million all-stock purchase handed Axo Metals a permitted past-producing gold site that is already about 70% built. The guest says permitting, not geology, stalled the project: he got SEMARNAT approval in six months, versus one to one-and-a-half years typical. Engineering finishes in 2026, construction starts early 2027, and first gold is stacked on the pad in late 2027. Step-out drilling 800 metres beyond the resource cut 47 metres of oxide at 1.4 g/t gold, and oxide growth is the cheapest path. A PEA lands early 2027; the guest expects debt funding for a build in the tens of millions, with oxide gold self-funding a later mill.
Unico Silver expects its maiden feasibility (the study defining mine economics) in January, targeting the pit-constrained free-milling oxide covering two-thirds of its resource. Two years of acquisitions lifted resources from 90 to 330 million silver-equivalent ounces, giving Unico 47% of Santa Cruz district's silver. A $50 million cash balance, near-30% insider ownership and recent GDXJ (junior miners ETF) inclusion fund a 30,000-metre drill season starting now. Argentina's RIGI (a federal tax-equalization regime for large projects) should cut Unico's tax burden and improve project returns once included. Management expects a re-rate from about $2 per resource ounce toward $10-15 per reserve ounce once the maiden reserve lands.
GoGold's Parral tailings operation generates roughly $60 million a year in after-tax free cash flow, funding the Los Ricos South build without new equity. Los Ricos South's published $227 million capex now points to about $260 million after 18 months of Mexican mining inflation, still carrying a 12 percent contingency. Langille calls this likely the biggest silver bull market of his career; his answer is low-cost projects running about $12 silver-equivalent all-in sustaining costs. Los Ricos South targets a June 2028 first pour; the high-grade Eagle zone should then generate $500-600 million US after tax in 18 months. Success would lift GoGold from about 2 million to 9 million silver-equivalent ounces per year, with Los Ricos North pointing toward 15-17 million.
GoGold broke ground at Los Ricos South underground mine in Jalisco; fully funded with $260M capex and a June 2028 first-pour target. Cash of $284M, zero debt, and the producing Parral tailings mine cover G&A and fund the build — no equity dilution needed. Los Ricos South targets 7.2 million silver-equivalent ounces annually at AISC (all-in sustaining cost) below $12 per ounce. Los Ricos North PEA adds 8.8 million more ounces; permit application targeted for Q1 next year, lifting GoGold to 15 to 17 million ounce mid-tier. Q3 (quarter ending June 2026) set a record: $26.3M operating cash flow on $27.8M revenue, making Parral a $60M/year after-tax generator.
Don Durrett's 15 low-hanging-fruit names share a single thesis — execution on planned growth at $200 silver and $7,000 gold unlocks 5-20x upside across the list. Junior miners with low insider ownership become prime hostile takeover targets once their assets are de-risked, so a defensive merger often precedes the rerate. The market is still leaving the second-mine pipeline at NexGold and GoGold free, because the first project's standalone value already exceeds today's market cap. Canada's scarcity of new single-asset gold producers gives each one a permanent jurisdiction premium that U.S. peers cannot replicate. AISC (All-In Sustaining Cost — what it really costs to produce an ounce) is the single variable that decides whether each near-term producer on this list rerates or fades.
GoGold currently produces about 2 million silver equivalent ounces per year, framing Los Ricos as the primary growth pipeline. Los Ricos South, targeting first pour within 24 months, is expected to add roughly 7.4 million ounces of annual output. Management plans to redeploy the South construction team into Los Ricos North, layering on another 8.8 million ounces. Fully built, the Los Ricos district could carry the company to 15 to 17 million silver equivalent ounces per year.
GoGold Resources has secured its permit for Los Ricos South and will break ground next month, moving into active construction. The company ordered its mill four months ago, locking in a 54-week lead-time item early to protect the build schedule. GoGold signed a 15-megawatt hydro power contract with a dam 36 kilometers away, securing long-term energy supply.
Precious metals look to be basing after a normal correction: gold held $4,000 and GDX/GDXJ held weekly support, suggesting the secular bull remains intact. Rising rates historically coincide with gold rallies — the '70s and 2022 onward both saw gold climb while the Fed hiked, countering rate-hike fears. Clearing 90 on GDX and 120 on GDXJ (the gold miner ETFs) would give the all-clear; sentiment and open interest already sit at bear-market lows. Erfle rotated oil profits into Alamos Gold, Perpetua Resources, and New Pacific Metals, buying quality during drawdowns and diversifying across jurisdictions. His top JMJ winners — Montage Gold, AbraSilver, and GoGold — show why management quality, tight share structures, and jurisdiction diversification drive junior returns.
SEMARNAT (Mexico's federal environmental agency) has approved the San Antonio project's impact permit, the primary authorization needed to build and operate the mine. Existing heap leach infrastructure (recovering metal by dripping solution through stacked ore) cuts remaining capex to roughly US$50 million. An updated resource estimate and PEA (Preliminary Economic Assessment — early-stage economics) land in November; higher prices mean a lower cut-off grade and potentially more ounces. Two-thirds of drilling capacity now targets resource expansion rather than infill, with results due late summer and first ore stacking targeted by end-2027. The treasury holds about C$28 million after February's C$40 million financing, with the remaining capex planned to be funded through debt.
Deep Sea Minerals received BCSC final receipt for its C$50 million shelf prospectus on July 28, advancing its planned NASDAQ uplisting. Polymetallic nodules lie loose on the seafloor; explorers map them with AUV and ROV video and sample with box cores — no drilling or blasting. The guest argues no commercial-scale nodule production exists yet, so proving harvesting machines run reliably is the industry's central risk, not discovery. Deep-sea licenses span several regulators (NOAA, BOEM, Cook Islands, ISA); the CEO says spreading applications across them mitigates jurisdiction risk. The hosts argue permit-ready Mexico silver developers such as GoGold and Silver Tiger trade depressed and could rerate as construction nears.
Silver Tiger's El Tigre heap leach mine is on schedule for a December 2027 first gold and silver pour. The guest's PEA (Preliminary Economic Assessment) puts the underground mine above 100% IRR with roughly one-year payback. Capex is low because the 1930s workings already provide development, and no open-pit sterilization delay applies. Exploration north of the pit targets untested veins, with assays from about 30 holes due in coming months. Mexico's permitting mood has thawed, with permits landing for Silver Tiger, GoGold and Axo Metals within about a year.
A 22-cent EV per ounce on Silver47 Exploration's 246M silver-equivalent ounces screens 2-10x below peers like Blackrock Silver, framing a clear valuation gap. The CEO argues most ounces are inferred, but three high-grade US projects (Red Mountain, Hughes, Mogollon) underpin a 1B-oz aspiration and a 2027 PEA. With $45M Canadian in working capital and four rigs running, Silver47 plans roughly 20,000 meters of 2026 drilling across Alaska, Nevada, and New Mexico. Co-hosts Don Duret and John Fenwick frame a deep correction in US silver developers as a contrarian bottom-fishing setup before a potential second leg up. Near-term producers like 1911 Gold, Denarius, and LaHontan anchor a broader US silver thesis alongside Silver47, all riding a bipartisan critical-mineral policy tailwind.
Los Ricos South targets first pour in 2028, fully funded with $284M cash against $227M capex and no major equity raise. At roughly $12/oz AISC — what it really costs to produce an ounce — Los Ricos South sits in the top decile of global silver developers. CEO Bradley Langille plans parallel tracks: Los Ricos South into production by 2028, Los Ricos North from PEA to permit by Q1 next year. Langille expects Mexico's open-pit permitting to accelerate under President Scheinbaum, who is methodically clearing the inherited backlog of about 100 operational permits. The Parral operating mine plus copper and zinc byproduct sales generate roughly $60M/yr free cashflow to internally fund Los Ricos development.
He reviews 50 gold and silver mining stocks he owns, sizing the upside against $7,000 gold and $200 silver. Most of the list screens as an eight-bagger or better, and he favors undervalued producers growing output. Development names need patience: permits plus roughly two-year builds push many payoffs to 2028 and beyond. He cautions that gold and silver mining stocks are speculative, so keep allocations small and only risk what you can lose.
GoGold's newly received Los Ricos South permit unlocks construction in Mexico, with detailed engineering already 80% complete and dirt moving within a month. GoGold brings $284 million in cash and no debt to the build, with 12-year-old Parral tailings generating about $60 million free cash flow yearly. Los Ricos South targets 7.3 million silver-equivalent ounces yearly at $12 AISC (All-In Sustaining Cost — true cost per ounce), toward 15 to 17 million. The Eagle Zone's first 18 months could generate close to half a billion dollars of after-tax free cash flow, nearly repaying the project's capex twice. Langille credits 30 years of Mexican relationships and community benefit for permitting wins, and calls this the best silver bull market of his career.
GoGold holds $284 million in cash against roughly $250 million of updated capex, funding the Los Ricos South silver-gold build in Jalisco debt-free. The CEO guides to $12-15 AISC (All-In Sustaining Cost — what it really costs to produce an ounce), a margin that holds up if prices fall. Permits are secured, detailed engineering is 80% complete and the SAG mill is ordered, so the 24-month build could finish early. Output is slated to rise from about 2 million ounces (Moz) silver-equivalent to 9 Moz, then 15-17 Moz once Los Ricos North is built. Management calls the district generational: 15 years of planned reserves plus untested old workings and targets such as San Pedro Alco.
Phase two drilling is underway at La Union with Riverside operating, targeting at least 1,500 more metres and September assays. First-phase drilling hit 42 metres at 0.3 g/t gold, with chip channel samples returning 226 g/t silver. A four-year earn-in lets Questcorp take up to 100% of La Union by meeting raise, spend, and share-issuance milestones. The CEO sees Mexican permitting momentum — peers winning permits — as a tailwind that could drive regional M&A. North Island Copper in Tier-1 British Columbia offers large-scale copper upside, with permitting targeted by year-end or early 2027.
CEO Brad Langille lays out a self-funded path: Parral tailings cash flow covers the roughly $260 million Los Ricos South build without new equity, with permits in hand, a June 2028 first-pour target, and the high-grade Eagle zone expected to add $500-600 million US after tax over 18 months.
Brad Langille: This Will Be The Biggest Silver Bull Market Of My Career Read article GoGold has begun construction at its Los Ricos South underground silver-gold mine in Mexico, a 24-month build targeting a first pour in June 2028. With ~$284M in cash, an inflation-adjusted ~$260M US capex envelope, and a free-cash-flowing Parral operation, management says the build needs no new equity raise and no debt package.
GoGold Resources – Construction Commenced At The Los Ricos South Underground Mine & Q3 Financials Read article GoGold CEO Brad Langille laid out a fully funded path to building Los Ricos South in Mexico — a $227M capex, 24-month project on a permitted site — with $284M cash on hand and a $12/oz AISC. Production is set to roughly quadruple to ~9M silver-equivalent ounces per year, with Los Ricos North poised to extend growth further.
GoGold Resources ($GGD | $GLGDF): CEO Bradley Langille on Building the Los Ricos Property in Mexico Read article A room for resource investors taking shape now — independent, spam-free, no hype.