Summary of GoGold Resources Conference Call Company Overview - **Company**: GoGold Resources (OTCPK:GLGD.F) - **Market Cap**: Approximately USD 1 billion [4] - **Cash Position**: USD 139 million at the end of the last quarter [4] - **Shares Outstanding**: 378 million [4] - **Institutional Ownership**: About 50% [5] Key Projects Parral Tailings Retreatment Project - **Operation Duration**: 11 years [5] - **Free Cash Flow**: Approximately USD 3 million per month [5] - **Purpose**: Covers general and administrative expenses and funds engineering work on development assets [5] Las Ricos Development Asset - **Location**: Jalisco, Mexico, near Guadalajara [8] - **Concessions**: Over 40 concessions consolidated [9] - **Drilling Program**: 250,000 meters completed with three economic studies [9] - **Resource Estimates**: - 108 million ounces of measured and indicated resources - 16 million ounces of inferred resources [10] - Proven and probable reserves of just under 100 million ounces [10] - **Mine Life**: 15 years, primarily underground with a small open pit at the end [13] - **Power Supply**: Secured under 15 megawatts from a local hydro dam [14] - **Processing Capacity**: 2,000 tons per day with a straightforward processing method [15] - **Average Grade**: Approximately 3.50 grams silver equivalent [16] - **Net Present Value (NPV)**: - USD 355 million at a 5% discount rate based on initial feasibility study - USD 860 million at current spot prices [17][18] - **Production Estimates**: - 7.2 million ounces per year from Las Ricos South - 8.8 million ounces per year from Las Ricos North [20][21] Regulatory Environment - **Permitting Confidence**: Expecting to receive permits by the end of the year, with ongoing discussions at high levels in Mexico [11][12] Environmental and Technological Initiatives - **Tailings Technology**: Developed technology for retreating old mine waste, recognized for environmental contributions [22][24] - **Government Interest**: The administration is interested in the technology for addressing 500 old tailings sites in Mexico [25] Financial Highlights - **Free Cash Flow from Operations**: Approximately USD 35 million per year [21] - **Cost Structure**: All-in costs projected to be under USD 12 per ounce for both Las Ricos South and North [20] Conclusion - GoGold Resources is positioned for significant growth with its Las Ricos projects and has a strong financial foundation supported by its ongoing operations at the Parral project. The company is also recognized for its innovative approach to environmental challenges in the mining sector.