GBGD Global Gold (.185) 15,000 ounce per year producing Gold mining and exploration company operating three properties in Armenia. Largest gold exploration license holder in the country. Toukhmanuk property tested 2.6 million ounce gold and 17.8 million ounce silver at average grades of 2.1 g/t and 14.1 g/t, respectively. Initial production to 15,000 ounces per year. Two new mills are installed and in testing, with further near-term improvements to boost plant capacity and recoveries. Expansion to an industrial production level of 133,000 ounces per year.
Two concentrate shipments of 60 tons each are proceeding to offtaker Industrial Minerals in October and further shipments will follow as milling ramps up throughout the winter.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.