GoGold Resources (OTCPK:GLGD.F) 2025 Conference Transcript

GoGold Resources Conference Call Summary Company Overview - Company: GoGold Resources - Focus: Exploration, development, and production of silver and gold, primarily in Mexico - Market Capitalization: Approximately $725 million USD (or $1 billion CAD) as of the last quarter [6][6] - Cash Position: $139 million USD in cash as of the end of the last quarter [6][6] Key Projects and Developments - Operating Mine: Parral - Producing approximately 2 million ounces of silver equivalent annually [10][10] - Generates over $3 million USD in free cash flow per month [6][10] - Los Ricos Project: - Located in Jalisco, Mexico, with excellent infrastructure [11][11] - Currently in the execution phase, with 20% of detailed engineering completed [11][11] - Total capital expenditure (CAPEX) for Los Ricos South is projected at $227 million USD [14][14] - Expected to add approximately 7.2 million ounces of production [15][15] - Los Ricos North projected to add an additional 8.8 million ounces of production [15][15] - Overall production goal is to increase from 2 million ounces to 15-17 million ounces over the next five years [16][16] Financial Metrics - Production Costs: All-in sustaining cost projected at $12 per ounce of silver equivalent [16][16] - Net Present Value (NPV): - Los Ricos South NPV increased from $355 million to $860 million based on current commodity prices [18][18] - Los Ricos North PEA indicates an NPV of $413 million at lower commodity prices [18][18] - Total district NPV estimated at over $2 billion at current prices [19][19] Market Position and Strategy - Shareholder Composition: Approximately 50% institutional ownership and 20% insider ownership [9][9] - Debt Financing: Strong balance sheet allows for building without off-take agreements or royalties [27][27] - Permit Status: Anticipation of new permits under the current administration, which is focused on clearing the backlog from the previous administration [21][22] Industry Context - Mining Sector Dynamics: The company has faced delays in permits due to previous administration policies but expects improvements under the new administration [21][22] - Competitive Landscape: GoGold has been successful in identifying and acquiring projects early, which has contributed to its strong market position [30][30] Additional Insights - Technological Advancements: The company is developing new technology for treating old mine waste, contributing to its cash flow [23][23] - Future Outlook: The company is positioned for significant growth with the potential to double its stock value upon receiving new permits [22][22]