GoGold Resources (GGD) Nordic Funds & Mines Conference 2025 summary

Company background and leadership

• Focuses on silver and gold exploration, development, and production in Mexico, led by a team with over 30 years of experience in the region.

• Leadership has a track record of building and selling multiple mining companies, with past exits including Gammon Gold, MexGold, and Nayarit Gold.

• Current market cap is approximately $725 million USD, with $141 million cash on hand and strong institutional and insider ownership.

Operations and project portfolio

• Parral is the operating mine, producing about 2 million ounces of silver equivalent annually and generating over $3 million in monthly free cash flow.

• Los Ricos is the flagship development project, split into South and North zones, with a combined resource of about 280 million ounces silver equivalent.

• Los Ricos South is shovel-ready, awaiting permits, with a $227 million CAPEX and a 24-month build timeline.

• Los Ricos North is advancing toward feasibility and permitting, with plans to follow South's development.

Growth strategy and financial outlook

• Plans to increase production from 2 million to 15–17 million ounces of silver equivalent over five years.

• All-in sustaining cost projected at $12/oz, positioning the company as a high-margin, mid-tier silver producer.

• Los Ricos South expected to add 7.2 million ounces, and North an additional 8.8 million ounces annually.

• NPV for Los Ricos South could rise from $355 million to $860 million at current prices; North's NPV could approach $1.2 billion after inflation adjustments.