goGold

[박대선]

GoGold Resources Inc. Business Overview

Fiscal Year End

GoGold’s Fiscal year ends on September 30th, with reports coming out quarterly.

Type of Business

Public Mining & Metals Company

Company History

GoGold is a Canadian based silver & gold producer that holds projects in Mexico. Founded in 2010, GoGold Resources headquarters are in Halifax Nova Scotia with two other locations in Hostotipaquillo & Hidalgo del Parral, Mexico. The company consists of anywhere between 50 and 200 employees at a time (seasonal) and are currently undergoing a drilling project in Los Ricos North, Mexico. The management has been previously successful in development and operating production properties that have gone on to become successful mines. The team of executives have raised hundreds of millions of dollars towards capital expenditure to bring mines into production.

Market Segment ·         Geographic

Our company targets countries with high economic income or high population. It is easier for these countries to find value in gold and silver.

·         Demographic

While there is no specific demographic, we can assume that the wealthy would be interested in purchasing precious materials such as gold and silver.

·         Psychographic

Customers who value quality and status.

·         Behavioral

Choose to target customers who have purchased gold and/or silver within the past three years.

Values, Mission & Vision Statements

Our company had no values, mission or vision statements listed on their website.

Key Management

Bradley Langille	President & CEO
Dana Hatfield	Chief Financial Officer
Anis Nehme	Chief Operating Officer
John Turner	Chairman of Board
Phillip Gaunce	Director
George F. Waye	Director
Terrence R. Cooper	Director

Market Capitalization

CAD$ 694,000,000

Share Structure

Common Shares Issued & Outstanding-----------------------------------------------------------------------265,821,467

Options (Expire March 2022 to December 2025): $0.22-2.00----------------------------------------------9,962,878

Deferred Share Units-------------------------------------------------------------------------------------------------4,847,500

Fully Diluted Shares------------------------------------------------------------------------------------------------280,631,845

Competition

While there are many other Canadian CITATION Tor21 \l 4105  (Toronto Stock Exchange, 2021) mining companies listed on the Toronto Stock Exchange (TSX) we will be focusing specifically on those that also mine silver & gold in Mexico:

·         Barrick Gold Corporation (ABX: $26.79, Beta: 0.10)

Founded in 1983 and headquartered in Toronto, Ontario, Barrick Gold has mines in several South-American countries and the United States. Consisting of thousands of employees, Barrick was the world’s largest mining company up until 2019. As at the 31st of December the company had 71 million ounces of proven and profitable gold reserves.

·         Kirkland Lake Gold Ltd. (KL: $46.98, Beta: 0.55)

Founded in 1988 and headquartered in Toronto, Kirkland is a gold mining company that has mines in both Canada and Australia. Starting as Kirkland Lake Gold, the company has undergone a few name changes over time, and to this day have returned to Kirkland Lake. In 2015 Kirkland acquired St. Andrew Goldfields with its three mines (Holt Complex) about 100 km from Kirkland Lake, in an all-stock deal worth $178 million.

·         Agnico Eagles Mines Ltd. (AEM: $80.06, Beta: 0.73)

Founded in 1953 as Cobalt Consolidated Mining Company and headquartered in Toronto, Agnico is a very reliable company, having paid every cash dividend since 1983. The companies name Agnico is a play on the periodic table of elements; Silver (Ag), nickel (Ni) and cobalt (Co).

*All stock prices and betas are as of 4/28/2021

Beta

Go Gold Resources has a beta of 1.17, making it more volatile compared to other companies on the market. This would be because the company is based in the mining industry where precious metals and other natural resources are ever changing.

GoGold Resources Inc Financial Analysis Trend Analysis Income Statement- % of sales

Year	Percent of Sales
2021 (First Quarter)	28.56%
2020	9.99%
2019	-16.35%
2018	10.15%
2017	5.65%

Income Statement- % change Year to Year

2020-2021 Q1	+18.57%
2019-2020	+26.34%
2018-2019	-26.5%
2017-2018	+4.5%

Key Financial Statement Notes

        I.            Operates under the International Financial Reporting Standards (IFRS), with intent to continue operation for the foreseeable future.

      II.            The Corporation has recorded a lease obligation related to the land for the Parral project, which provides the Corporation the use of the land where the Parral heap leach and processing facilities are located until February 2028, with the Corporation’s option to extend until February 2033, which the Corporation intends to exercise.

    III.            The Corporation also recorded a lease obligation for the rental of the corporate office in Halifax, which is an annual obligation of $39, paid monthly, until 2022, which is non-interest bearing and discounted using the effective interest method with an effective average interest rate of 5%.

    IV.            The Corporation had no short-term leases or low-value leased assets in the three months endings December 31, 2020.

      V.            The Corporation has a rolling 10% incentive stock option plan under which options to purchase common shares of the Corporation may be granted to directors, officers, employees, and consultants of the Corporation. The number of common shares subject to options granted under the Plan is limited to 10% of the issued and outstanding common shares of the Corporation and no one person may receive in excess of 5% of the outstanding common shares of the Corporation at the time of grant (on a non-diluted basis).

    VI.            Basic net income per share is calculated based on the weighted average number of shares outstanding during the year. Diluted net income per share assumes that stock options and DSUs have been exercised on the later of the beginning of the period and the date granted

  VII.            The Corporation’s reportable segments are consistent with the Corporation’s geographic regions in which the Corporation operates (the two segments being Mexico and Canada).

VIII.            The Corporation's objective when managing capital is to maintain adequate levels of funding to support the acquisition, exploration and operation of resource properties and maintain the necessary corporate and administrative functions to facilitate these activities. These activities are primarily funded through operations, equity financing and debt.

    IX.            The company transacts through three different currencies. Those being the Mexican peso, US dollar and Canadian dollar.

Share Price to TSX (Last 5 Years)

Share Price to Competitors

·        Kirkland Lake Gold

·        Agnico Eagles Mines Ltd.

·        Barrick Gold

·        GoGold Resources

Ratio Analysis Average Share Price                             EPS- Preferred Dividend/ Avg. Outstanding Common Share

2020	0.86	2020	0.28
2019	0.52	2019	0.06
2018	0.44	2018	-0.55
2017	0.64	2017	0.00
2016	0.00	2016	0.00

Debt to Equity                                                                                                                Current Ratio

2020	0.07	2020	9.13
2019	0.16	2019	2.59
2018	0.10	2018	4.90
2017	0.82	2017	0.85
2016	0.60	2016	0.61

Profit Margin                                                                                                           Return on Equity

2020	109.11%	2020	25.44%
2019	30.09%	2019	11.17%
2018	-348.52%	2018	-123.43%
2017	-3.43%	2017	-0.70%
2016	-122.97%	2016	-23.31%

·         Big losses for the company in 2018

·         Consistent growth in profit and returns in the last couple of years

·         Strong difference in assets compared to liabilities

External Influences Economy

It is hard to talk about economic influences without mentioning the impact of the COVID-19 pandemic. The prices of precious metals are at their lowest in over ten years, based on the lower demand during the pandemic. Difficult financial situations have caused the market to move much slower with less activities, especially in the precious metals industry not being looked at as an essential material. However, with vaccines rolling out, I believe we could see a spike in the prices of these same materials.

Industry

GoGold is a member of the mining industry, specifically, the gold and silver mining industry. The price of these two precious metals greatly effects the companies profits and losses. Currently, Gold sits at 1792.50, and silver at 26.86 per ounce (prices at 5/2/2021).

Subsequent Events

The company’s year ended September 30th, 2020, with all subsequent events being listed into the sedar database. Between Sept 30th, 2020 and the current date, the following events occurred:

·         $6,500 participation fee payable received for listing on the Toronto Stock Exchange (Dec 17th, 2020)

·         Report of shareholder voting results held on Mar 24th, 2021. Situations voted upon included an Election for directors, Appointment of Auditor and changing the name of the corporation. 99.73% voted for change of the corporate name from GoGold to such other name.

·         Various weekly news reports highlighting location, depth and finding of drillings.

·         10,000,000 common shares sold to underwriters for $2.50/share. Option to pick up 1.5 million additional shares for the same price. Proceeds from sale to continued advancement of its Los Ricos North and South projects, and for general corporate purposes.

Pandemic Impact

On page 16 of GoGold Resources quarter one financial statement for 2021, they list how they went about dealing with the COVID-19 pandemic. You could tell that a company like GoGold, who does business in Mexico would be greatly affected by the imposed travel-bans and necessary quarantining periods. The Mexican government had temporary suspended mining in the country but have since deemed their operations as an essential service. With the duration and economic impacts of the outbreak, it will surely affectfuture financial statements of the business in a negative way. With the scariest part of the pandemic being; if you were lucky enough to not go under, you can’t measure the impact until it’s over.

GoGold Resources Inc. Business Overview

Fiscal Year End

GoGold’s Fiscal year ends on September 30th, with reports coming out quarterly.

Type of Business

Public Mining & Metals Company

Company History

GoGold is a Canadian based silver & gold producer that holds projects in Mexico. Founded in 2010, GoGold Resources headquarters are in Halifax Nova Scotia with two other locations in Hostotipaquillo & Hidalgo del Parral, Mexico. The company consists of anywhere between 50 and 200 employees at a time (seasonal) and are currently undergoing a drilling project in Los Ricos North, Mexico. The management has been previously successful in development and operating production properties that have gone on to become successful mines. The team of executives have raised hundreds of millions of dollars towards capital expenditure to bring mines into production.

Market Segment ·         Geographic

Our company targets countries with high economic income or high population. It is easier for these countries to find value in gold and silver.

·         Demographic

While there is no specific demographic, we can assume that the wealthy would be interested in purchasing precious materials such as gold and silver.

·         Psychographic

Customers who value quality and status.

·         Behavioral

Choose to target customers who have purchased gold and/or silver within the past three years.

Values, Mission & Vision Statements

Our company had no values, mission or vision statements listed on their website.

Key Management

Bradley Langille	President & CEO
Dana Hatfield	Chief Financial Officer
Anis Nehme	Chief Operating Officer
John Turner	Chairman of Board
Phillip Gaunce	Director
George F. Waye	Director
Terrence R. Cooper	Director

Market Capitalization

CAD$ 694,000,000

Share Structure

Common Shares Issued & Outstanding-----------------------------------------------------------------------265,821,467

Options (Expire March 2022 to December 2025): $0.22-2.00----------------------------------------------9,962,878

Deferred Share Units-------------------------------------------------------------------------------------------------4,847,500

Fully Diluted Shares------------------------------------------------------------------------------------------------280,631,845

Competition

While there are many other Canadian CITATION Tor21 \l 4105  (Toronto Stock Exchange, 2021) mining companies listed on the Toronto Stock Exchange (TSX) we will be focusing specifically on those that also mine silver & gold in Mexico:

·         Barrick Gold Corporation (ABX: $26.79, Beta: 0.10)

Founded in 1983 and headquartered in Toronto, Ontario, Barrick Gold has mines in several South-American countries and the United States. Consisting of thousands of employees, Barrick was the world’s largest mining company up until 2019. As at the 31st of December the company had 71 million ounces of proven and profitable gold reserves.

·         Kirkland Lake Gold Ltd. (KL: $46.98, Beta: 0.55)

Founded in 1988 and headquartered in Toronto, Kirkland is a gold mining company that has mines in both Canada and Australia. Starting as Kirkland Lake Gold, the company has undergone a few name changes over time, and to this day have returned to Kirkland Lake. In 2015 Kirkland acquired St. Andrew Goldfields with its three mines (Holt Complex) about 100 km from Kirkland Lake, in an all-stock deal worth $178 million.

·         Agnico Eagles Mines Ltd. (AEM: $80.06, Beta: 0.73)

Founded in 1953 as Cobalt Consolidated Mining Company and headquartered in Toronto, Agnico is a very reliable company, having paid every cash dividend since 1983. The companies name Agnico is a play on the periodic table of elements; Silver (Ag), nickel (Ni) and cobalt (Co).

*All stock prices and betas are as of 4/28/2021

Beta

Go Gold Resources has a beta of 1.17, making it more volatile compared to other companies on the market. This would be because the company is based in the mining industry where precious metals and other natural resources are ever changing.

GoGold Resources Inc Financial Analysis Trend Analysis Income Statement- % of sales

Year	Percent of Sales
2021 (First Quarter)	28.56%
2020	9.99%
2019	-16.35%
2018	10.15%
2017	5.65%

Income Statement- % change Year to Year

2020-2021 Q1	+18.57%
2019-2020	+26.34%
2018-2019	-26.5%
2017-2018	+4.5%

Key Financial Statement Notes

        I.            Operates under the International Financial Reporting Standards (IFRS), with intent to continue operation for the foreseeable future.

      II.            The Corporation has recorded a lease obligation related to the land for the Parral project, which provides the Corporation the use of the land where the Parral heap leach and processing facilities are located until February 2028, with the Corporation’s option to extend until February 2033, which the Corporation intends to exercise.

    III.            The Corporation also recorded a lease obligation for the rental of the corporate office in Halifax, which is an annual obligation of $39, paid monthly, until 2022, which is non-interest bearing and discounted using the effective interest method with an effective average interest rate of 5%.

    IV.            The Corporation had no short-term leases or low-value leased assets in the three months endings December 31, 2020.

      V.            The Corporation has a rolling 10% incentive stock option plan under which options to purchase common shares of the Corporation may be granted to directors, officers, employees, and consultants of the Corporation. The number of common shares subject to options granted under the Plan is limited to 10% of the issued and outstanding common shares of the Corporation and no one person may receive in excess of 5% of the outstanding common shares of the Corporation at the time of grant (on a non-diluted basis).

    VI.            Basic net income per share is calculated based on the weighted average number of shares outstanding during the year. Diluted net income per share assumes that stock options and DSUs have been exercised on the later of the beginning of the period and the date granted

  VII.            The Corporation’s reportable segments are consistent with the Corporation’s geographic regions in which the Corporation operates (the two segments being Mexico and Canada).

VIII.            The Corporation's objective when managing capital is to maintain adequate levels of funding to support the acquisition, exploration and operation of resource properties and maintain the necessary corporate and administrative functions to facilitate these activities. These activities are primarily funded through operations, equity financing and debt.

    IX.            The company transacts through three different currencies. Those being the Mexican peso, US dollar and Canadian dollar.

Share Price to TSX (Last 5 Years)

Share Price to Competitors

·        Kirkland Lake Gold

·        Agnico Eagles Mines Ltd.

·        Barrick Gold

·        GoGold Resources

Ratio Analysis Average Share Price                             EPS- Preferred Dividend/ Avg. Outstanding Common Share

2020	0.86	2020	0.28
2019	0.52	2019	0.06
2018	0.44	2018	-0.55
2017	0.64	2017	0.00
2016	0.00	2016	0.00

Debt to Equity                                                                                                                Current Ratio

2020	0.07	2020	9.13
2019	0.16	2019	2.59
2018	0.10	2018	4.90
2017	0.82	2017	0.85
2016	0.60	2016	0.61

Profit Margin                                                                                                           Return on Equity

2020	109.11%	2020	25.44%
2019	30.09%	2019	11.17%
2018	-348.52%	2018	-123.43%
2017	-3.43%	2017	-0.70%
2016	-122.97%	2016	-23.31%

·         Big losses for the company in 2018

·         Consistent growth in profit and returns in the last couple of years

·         Strong difference in assets compared to liabilities

External Influences Economy

It is hard to talk about economic influences without mentioning the impact of the COVID-19 pandemic. The prices of precious metals are at their lowest in over ten years, based on the lower demand during the pandemic. Difficult financial situations have caused the market to move much slower with less activities, especially in the precious metals industry not being looked at as an essential material. However, with vaccines rolling out, I believe we could see a spike in the prices of these same materials.

Industry

GoGold is a member of the mining industry, specifically, the gold and silver mining industry. The price of these two precious metals greatly effects the companies profits and losses. Currently, Gold sits at 1792.50, and silver at 26.86 per ounce (prices at 5/2/2021).

Subsequent Events

The company’s year ended September 30th, 2020, with all subsequent events being listed into the sedar database. Between Sept 30th, 2020 and the current date, the following events occurred:

·         $6,500 participation fee payable received for listing on the Toronto Stock Exchange (Dec 17th, 2020)

·         Report of shareholder voting results held on Mar 24th, 2021. Situations voted upon included an Election for directors, Appointment of Auditor and changing the name of the corporation. 99.73% voted for change of the corporate name from GoGold to such other name.

·         Various weekly news reports highlighting location, depth and finding of drillings.

·         10,000,000 common shares sold to underwriters for $2.50/share. Option to pick up 1.5 million additional shares for the same price. Proceeds from sale to continued advancement of its Los Ricos North and South projects, and for general corporate purposes.

Pandemic Impact

On page 16 of GoGold Resources quarter one financial statement for 2021, they list how they went about dealing with the COVID-19 pandemic. You could tell that a company like GoGold, who does business in Mexico would be greatly affected by the imposed travel-bans and necessary quarantining periods. The Mexican government had temporary suspended mining in the country but have since deemed their operations as an essential service. With the duration and economic impacts of the outbreak, it will surely affectfuture financial statements of the business in a negative way. With the scariest part of the pandemic being; if you were lucky enough to not go under, you can’t measure the impact until it’s over.

GoGold Resources Inc. Business Overview

Fiscal Year End

GoGold’s Fiscal year ends on September 30th, with reports coming out quarterly.

Type of Business

Public Mining & Metals Company

Company History

GoGold is a Canadian based silver & gold producer that holds projects in Mexico. Founded in 2010, GoGold Resources headquarters are in Halifax Nova Scotia with two other locations in Hostotipaquillo & Hidalgo del Parral, Mexico. The company consists of anywhere between 50 and 200 employees at a time (seasonal) and are currently undergoing a drilling project in Los Ricos North, Mexico. The management has been previously successful in development and operating production properties that have gone on to become successful mines. The team of executives have raised hundreds of millions of dollars towards capital expenditure to bring mines into production.

Market Segment ·         Geographic

Our company targets countries with high economic income or high population. It is easier for these countries to find value in gold and silver.

·         Demographic

While there is no specific demographic, we can assume that the wealthy would be interested in purchasing precious materials such as gold and silver.

·         Psychographic

Customers who value quality and status.

·         Behavioral

Choose to target customers who have purchased gold and/or silver within the past three years.

Values, Mission & Vision Statements

Our company had no values, mission or vision statements listed on their website.

Key Management

Bradley Langille	President & CEO
Dana Hatfield	Chief Financial Officer
Anis Nehme	Chief Operating Officer
John Turner	Chairman of Board
Phillip Gaunce	Director
George F. Waye	Director
Terrence R. Cooper	Director

Market Capitalization

CAD$ 694,000,000

Share Structure

Common Shares Issued & Outstanding-----------------------------------------------------------------------265,821,467

Options (Expire March 2022 to December 2025): $0.22-2.00----------------------------------------------9,962,878

Deferred Share Units-------------------------------------------------------------------------------------------------4,847,500

Fully Diluted Shares------------------------------------------------------------------------------------------------280,631,845

Competition

While there are many other Canadian CITATION Tor21 \l 4105  (Toronto Stock Exchange, 2021) mining companies listed on the Toronto Stock Exchange (TSX) we will be focusing specifically on those that also mine silver & gold in Mexico:

·         Barrick Gold Corporation (ABX: $26.79, Beta: 0.10)

Founded in 1983 and headquartered in Toronto, Ontario, Barrick Gold has mines in several South-American countries and the United States. Consisting of thousands of employees, Barrick was the world’s largest mining company up until 2019. As at the 31st of December the company had 71 million ounces of proven and profitable gold reserves.

·         Kirkland Lake Gold Ltd. (KL: $46.98, Beta: 0.55)

Founded in 1988 and headquartered in Toronto, Kirkland is a gold mining company that has mines in both Canada and Australia. Starting as Kirkland Lake Gold, the company has undergone a few name changes over time, and to this day have returned to Kirkland Lake. In 2015 Kirkland acquired St. Andrew Goldfields with its three mines (Holt Complex) about 100 km from Kirkland Lake, in an all-stock deal worth $178 million.

·         Agnico Eagles Mines Ltd. (AEM: $80.06, Beta: 0.73)

Founded in 1953 as Cobalt Consolidated Mining Company and headquartered in Toronto, Agnico is a very reliable company, having paid every cash dividend since 1983. The companies name Agnico is a play on the periodic table of elements; Silver (Ag), nickel (Ni) and cobalt (Co).

*All stock prices and betas are as of 4/28/2021

Beta

Go Gold Resources has a beta of 1.17, making it more volatile compared to other companies on the market. This would be because the company is based in the mining industry where precious metals and other natural resources are ever changing.

GoGold Resources Inc Financial Analysis Trend Analysis Income Statement- % of sales

Year	Percent of Sales
2021 (First Quarter)	28.56%
2020	9.99%
2019	-16.35%
2018	10.15%
2017	5.65%

Income Statement- % change Year to Year

2020-2021 Q1	+18.57%
2019-2020	+26.34%
2018-2019	-26.5%
2017-2018	+4.5%

Key Financial Statement Notes

        I.            Operates under the International Financial Reporting Standards (IFRS), with intent to continue operation for the foreseeable future.

      II.            The Corporation has recorded a lease obligation related to the land for the Parral project, which provides the Corporation the use of the land where the Parral heap leach and processing facilities are located until February 2028, with the Corporation’s option to extend until February 2033, which the Corporation intends to exercise.

    III.            The Corporation also recorded a lease obligation for the rental of the corporate office in Halifax, which is an annual obligation of $39, paid monthly, until 2022, which is non-interest bearing and discounted using the effective interest method with an effective average interest rate of 5%.

    IV.            The Corporation had no short-term leases or low-value leased assets in the three months endings December 31, 2020.

      V.            The Corporation has a rolling 10% incentive stock option plan under which options to purchase common shares of the Corporation may be granted to directors, officers, employees, and consultants of the Corporation. The number of common shares subject to options granted under the Plan is limited to 10% of the issued and outstanding common shares of the Corporation and no one person may receive in excess of 5% of the outstanding common shares of the Corporation at the time of grant (on a non-diluted basis).

    VI.            Basic net income per share is calculated based on the weighted average number of shares outstanding during the year. Diluted net income per share assumes that stock options and DSUs have been exercised on the later of the beginning of the period and the date granted

  VII.            The Corporation’s reportable segments are consistent with the Corporation’s geographic regions in which the Corporation operates (the two segments being Mexico and Canada).

VIII.            The Corporation's objective when managing capital is to maintain adequate levels of funding to support the acquisition, exploration and operation of resource properties and maintain the necessary corporate and administrative functions to facilitate these activities. These activities are primarily funded through operations, equity financing and debt.

    IX.            The company transacts through three different currencies. Those being the Mexican peso, US dollar and Canadian dollar.

Share Price to TSX (Last 5 Years)

Share Price to Competitors

·        Kirkland Lake Gold

·        Agnico Eagles Mines Ltd.

·        Barrick Gold

·        GoGold Resources

Ratio Analysis Average Share Price                             EPS- Preferred Dividend/ Avg. Outstanding Common Share

2020	0.86	2020	0.28
2019	0.52	2019	0.06
2018	0.44	2018	-0.55
2017	0.64	2017	0.00
2016	0.00	2016	0.00

Debt to Equity                                                                                                                Current Ratio

2020	0.07	2020	9.13
2019	0.16	2019	2.59
2018	0.10	2018	4.90
2017	0.82	2017	0.85
2016	0.60	2016	0.61

Profit Margin                                                                                                           Return on Equity

2020	109.11%	2020	25.44%
2019	30.09%	2019	11.17%
2018	-348.52%	2018	-123.43%
2017	-3.43%	2017	-0.70%
2016	-122.97%	2016	-23.31%

·         Big losses for the company in 2018

·         Consistent growth in profit and returns in the last couple of years

·         Strong difference in assets compared to liabilities

External Influences Economy

It is hard to talk about economic influences without mentioning the impact of the COVID-19 pandemic. The prices of precious metals are at their lowest in over ten years, based on the lower demand during the pandemic. Difficult financial situations have caused the market to move much slower with less activities, especially in the precious metals industry not being looked at as an essential material. However, with vaccines rolling out, I believe we could see a spike in the prices of these same materials.

Industry

GoGold is a member of the mining industry, specifically, the gold and silver mining industry. The price of these two precious metals greatly effects the companies profits and losses. Currently, Gold sits at 1792.50, and silver at 26.86 per ounce (prices at 5/2/2021).

Subsequent Events

The company’s year ended September 30th, 2020, with all subsequent events being listed into the sedar database. Between Sept 30th, 2020 and the current date, the following events occurred:

·         $6,500 participation fee payable received for listing on the Toronto Stock Exchange (Dec 17th, 2020)

·         Report of shareholder voting results held on Mar 24th, 2021. Situations voted upon included an Election for directors, Appointment of Auditor and changing the name of the corporation. 99.73% voted for change of the corporate name from GoGold to such other name.

·         Various weekly news reports highlighting location, depth and finding of drillings.

·         10,000,000 common shares sold to underwriters for $2.50/share. Option to pick up 1.5 million additional shares for the same price. Proceeds from sale to continued advancement of its Los Ricos North and South projects, and for general corporate purposes.

Pandemic Impact

On page 16 of GoGold Resources quarter one financial statement for 2021, they list how they went about dealing with the COVID-19 pandemic. You could tell that a company like GoGold, who does business in Mexico would be greatly affected by the imposed travel-bans and necessary quarantining periods. The Mexican government had temporary suspended mining in the country but have since deemed their operations as an essential service. With the duration and economic impacts of the outbreak, it will surely affectfuture financial statements of the business in a negative way. With the scariest part of the pandemic being; if you were lucky enough to not go under, you can’t measure the impact until it’s over.