
TSE:GGD
This summary was created by AI, based on 1 opinions in the last 12 months.
GoGold Resources Inc. has recently achieved a significant milestone by obtaining a crucial permit, which is indicative of strong local community support. This development is seen as the first step in a series of permits expected for the area, which is viewed more as a district with multiple opportunities rather than a single mining project. Despite this positive trend, there are concerns about the current Mexican administration's stance on the 'open pit' mining aspect of the deposit, which may pose challenges in the future. An investor's bias is present in the review, highlighting the potential for long-term gains given the strong local backing. Overall, there seems to be cautious optimism about the company's future prospects in the mining sector.
Gold mining development active in Mexico. At current prices, it's both a gold and silver producer. If the silver price begins to outperform the gold price, he suspects that the ratio will begin to favour silver. Risks of production, and political risks include a Mexican leader who's anti-mining at heart. If you can stomach those risks, this is a name to own.
GoGold Resources Inc. is a Canadian stock, trading under the symbol GGD.TO (previously GGD-T on Stockchase) on the Toronto Stock Exchange (GGD-CT). It is usually referred to as TSX:GGD or GGD.TO
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on GGD.TO (previously GGD-T on Stockchase). 0 analysts recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is HOLD. Read the latest stock experts' ratings for GoGold Resources Inc..
GoGold Resources Inc. was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for GoGold Resources Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for GoGold Resources Inc..
GoGold Resources Inc. is followed by 16 investors on Stockchase and is a trending stock that is worth watching.
On 2026-07-31, GoGold Resources Inc. (GGD.TO) stock closed at a price of $2.90.
Finally received a permit, much due to strong local support. The first of several permits at this location. He thinks of it as a district, rather than just a mine. Doesn't expect current Mexican administration to approve the "open pit" part of this deposit.
Note: He owns a lot of this, so he has a bias.