GoGold Anticipates Developments in 2024

GoGold Anticipates Developments in 2024

GoGold Resources has provided a comprehensive outlook for 2024, following a year of progress in the Los Ricos district. The company has successfully expanded its resources in the district, with 186 million silver equivalent (AgEq) ounces in measured & indicated resources and 87 million AgEq ounces in inferred resources. Additionally, GoGold completed two preliminary economic assessments (PEAs) in Los Ricos South and North, revealing a combined total Net Present Value (NPV) of US$871 million for the district. A permit application for constructing a mine at Los Ricos South was also filed in 2023.

Key Milestones for 2024

Brad Langille, President and CEO, outlined several critical milestones for 2024: icon Los Ricos South is set to follow the completion of the feasibility study and receipt of the mine permit.

  • Infrastructure Development: The initiation of electrical and water infrastructure construction at Los Ricos South by the end of 2024.
  • Debt Financing Agreement: Entering into a definitive agreement for the remaining funds required for Los Ricos South construction, with initial discussions indicating significant interest from prospective lenders.
  • Debt Financing for Los Ricos North: Evaluating potential financing options to advance Los Ricos North towards a construction decision during Los Ricos South’s potential construction phase.
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