Golconda Gold Ltd. (GGGOF)

[the cork]

GGGOF Galane Gold (.045) - is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana and South Africa.

Currently producing approximately 44,000 gold ounces per year between two mills at a combined operating average processing cost of about $850 per ounce, with another 16,000 additional gold ounces anticipated for 2020 as Galaxy realizes full production.

They've got a lot of shares out there (200 million) but it appears the infrastructure is built out and producing. The jurisdiction is relatively risky but reflected in the PPS.

Relatively short mine life, but they are addressing that with drilling programs designed to extend mine life and increase the proven and inferred reserves.

The “Galaxy Technical Report” is not a Feasibility Study, however it does meet the requirements of a pre-feasibility study.


Website: http://www.galanegold.com/
Pink Sheets: https://www.otcmarkets.com/stock/GGGOF/overview
IHUB: https://investorshub.advfn.com/Galane-Gold-GGGOF-36969/
TSX (as GG) https://web.tmxmoney.com/quote.php?qm_symbol=gg