GoGold Announces NPV of US$295M for Los Ricos South PEA
News provided by
Share this article
Trading Symbols: TSX: GGD
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)
("GoGold", "the Company") is pleased to release the results of its initial Preliminary Economic Assessment ("PEA") at its Los Ricos South Project located in Jalisco State, Mexico.
Highlights of the PEA, with a base case silver price of US$21.00/oz and gold price of US$1,550/oz are as follows (all figures in US dollars unless otherwise stated):
GoGold completes PEA at its first target in Los Ricos district – Los Ricos South;
After-Tax NPV (using a discount rate of 5%) of $295 Million with an After-Tax IRR of 46% (Base Case);