10:28 AM EST - GoGold Resources Inc. : Released the results of its initial Preliminary Economic Assessment at its Los Ricos North Project located in Jalisco State, Mexico. This is the Company's second PEA completed within the Los Ricos District, in addition to the Los Ricos South PEA completed in January 2021, with an updated Mineral Resource Estimate and PEA for Los Ricos South expected to follow this summer. Highlights of the PEA, with a base case silver price of US$23/oz and gold price of US$1,800/oz are as follows (all figures in US dollars unless otherwise stated): After-Tax NPV (using a discount rate of 5%) of $413 Million with an After-Tax IRR of 29% (Base Case); 13-year mine life producing a total of 110.3 Million payable silver equivalent ounces ("AgEq"), consisting of 68.0 Million silver ounces, 221,700 gold ounces, 22.8 Million pounds of copper, 144.1 Million pounds of lead and 242.2 Million pounds of zinc; GoGold Resources Inc.
shares T.GGD are trading down $0.08 at $1.64.
