GoGold Resources (GGD) 2025 Precious Metals Summit - Zurich summary

Track record and financial position

• Built and sold multiple mining assets in Mexico, including significant exits and mergers.

• Maintains a strong balance sheet with $141 million in cash and no debt.

• Generates about $3 million per month in free cash flow from ongoing tailings reprocessing.

• Institutional, insider, and retail shareholders comprise the ownership structure.

Las Ricos project development

• Acquired Las Ricos in 2019, expanded resources to 285 million silver-equivalent ounces.

• Advanced Las Ricos South to final feasibility and entered execution phase with EPCM awarded.

• Secured hydro power contract and prepared to award underground contractor bid.

• Plans for continual build: 24-month construction at South, then transition to North.

Production and financial outlook

• Current production is 2 million ounces; Las Ricos South will add 7.2 million ounces.

• Projected to reach 15–17 million ounces annually after North build, with all-in costs around $12/oz.

• First 18 months of South expected to generate $450 million after-tax at current prices.

• CapEx for South estimated at $227–240 million, with strong interest from financiers.