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Golconda Gold Ltd.
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News: GGGOF
Golconda Gold: Heavy NAV Discount And Project Spin-Off Are Near-Term Catalysts
Golconda Gold operates two producing mines with plans to double output in 2.5 years and spin off the Summit project. GGGOF trades at 0.3x P/NAV, offering significant near- and medium-term upside, with a projected NAV of $375 million versus a $107 million market cap. Operational upgrades, rising throughput, and self-funded expansion at Galaxy, plus Summit's silver ramp-up, underpin robust earnings and future cash flows.
Golconda Gold Releases Q2 2026 Production Update at Galaxy And Announces Mobilisation of Mining Contractor at Summit
TORONTO, July 09, 2026 (GLOBE NEWSWIRE) -- Golconda Gold Ltd. (“Golconda Gold” or the “Company”) (TSX-V: GG; OTCQX: GGGOF) is pleased to announce quarterly production of 3,648 ounces of gold for the second quarter of 2026 (“Q2”) at its Galaxy Gold Mine (“Galaxy”), consistent with gold production compared to Q1 2026 and a 20% increase on Q2 2025.
