GoGold Resources (GGD) Mining Forum Americas 2026 summary

Strategic focus and project overview

• Operations remain concentrated in Mexico, with a commitment to local expertise and assets.

• Parral mine is in production, generating $80 million in annual free cash flow, funding exploration and G&A.

• Los Ricos district comprises two major projects: South (in construction) and North (in planning), with multi-mine potential over the next decade.

• Institutional ownership is strong, with management and insiders holding a significant stake.

Los Ricos South development and milestones

• Construction began in August 2026 after receiving permits in June; first pour targeted for June 2028.

• Feasibility study completed; CapEx revised to $260–$265 million, with $15 million already spent and $284 million cash on hand.

• Mill and equipment orders are ahead of schedule; plant commissioning set for January 2028.

• All-in sustaining costs projected at $12–$15/oz, with average annual production of 7.3 million silver equivalent ounces for the first five years.

• Underground mine optimization includes a second portal to ensure immediate mill feed.

Los Ricos North planning and permitting

• PEA completed for an 8,000 tpd mill, with average production of 8.8 million silver equivalent ounces per year and a 13-year mine life.

• Initial focus may shift to a smaller 2,000–3,000 tpd mill due to water constraints, with plans to expand later.

• Permitting expected to be faster (12 months) under current government, with submission planned for Q1 2027.

• Water availability from old underground workings supports initial mill size and accelerates cash flow.