GoGold Resources Inc. has commenced construction on its fully-funded Los Ricos South mine in Jalisco, Mexico, with the first silver and gold pour expected in June 2028.
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Highlights
- Construction follows a completed feasibility study and project permit approval in 2025.
- The project is fully financed with US$284 million and no debt.
- Underground mining contractor selected; portal construction set for Q4 2026.
- Orders for critical equipment, including SAG mill and Merrill-Crowe plant, have been placed.
- Environmental mitigation includes planting 20,000 trees for local reforestation.
GoGold’s strategic decision to advance detailed engineering early has enabled a head start on long-lead time equipment, ensuring timely project execution. The company maintains a strong financial position supported by cash flow from its Parral operation.
GoGold is working with several engineering and construction partners, including M3, DENM Engineering, and WSP Geotechnical Engineering, to optimize the mine’s development.
