GG GGD.TO GoGold Resources Inc. Loading... : Investor Sentiment and Bull/Bear Views

The author argues GoGold is a silver miner mislabeled as a gold miner, with Los Ricos holding 115 million payable silver ounces versus only 665k gold ounces. AISC of roughly $10-12/oz makes it a Tier-1 silver asset with strong margins at high silver prices, yet it has lagged the silver rally and other silver miners. The author attributes the lag to its small ~$992M market cap and the 'GoGold' name misleading investors, and notes it is already cash-flow positive from its tailings project. The author discloses owning shares and does not state a specific risk beyond the mispricing thesis.

The author argues GoGold's Los Ricos mines hold 115 million payable silver ounces versus only 665k gold ounces, with AISC of roughly $10-12/oz, making it a Tier-1 silver asset with strong margins at higher silver prices. The stock lags silver miners because its name and small ~$886M market cap cause the market to misclassify it as a gold miner. GoGold is already profitable and cash-flow positive from its tailings project, unlike most development-stage miners. The main stated risk is that it is a relatively tiny market-cap company.

The author argues GoGold's Los Ricos mines hold 115 million payable silver ounces versus only 665k gold ounces, with AISC of roughly $10-12/oz, making it a Tier-1 silver asset with strong margins at higher silver prices. The stock lags silver miners because its name and small ~$886M market cap cause the market to misclassify it as a gold miner. GoGold is already profitable and cash-flow positive from its tailings project, unlike most development-stage miners. The main stated risk is that it is a relatively tiny market-cap company.