Replies to post #219876 on $Pistol Pete$, $Mick$ & Friends Stock Picks /news,

[mick]

$GLGDF GoGold Resources Inc. (TSX: GGD)(OTC: GLGDF)
GoGold is in a position similar to Pershing, except it's already producing.

The company's flagship project is the Parral Tailings in Chihuahua, Mexico.

GoGold took control of the Parral Tailings Project in 2012 when it acquired Absolute Gold Holdings Inc., the site's original proprietor. The 141-hectare site hosts 21.3 million tonnes of tailings left over from 340 years of mining operations.

In addition to the Parral Tailings project, GoGold is working to bring another mine online in Sonora, Mexico.

This mine, the Santa Gertrudis, has an estimated resource of 810,000 ounces of gold indicated and a further 255,000 ounces inferred.

Projected life-of-mine average cash operating costs are $622 per ounce of recovered gold, while the total all-in cost of production is estimated at $699 per ounce of gold.

Indeed, the Parral project is already making money for GoGold, and Santa Gertrudis isn't far behind.