Golconda Gold
Promotional Strapline: Golconda Gold has one primary objective to shape the Company into a long-life and low-cost operation that can produce positive returns for investors across commodity cycles.
Primary Ticker: OTCQB:GGGOF
Stage of Development: Production, Development
Primary Minerals: Gold, Silver
Country / Region: Botswana, South Africa
Market Cap 20M
Website: Golconda Gold
Golconda Gold is an unhedged gold producer and developer with mining operations and exploration tenements in South Africa and the United States of America. We are committed to operating at world-class standards, focused on the safety of our employees, respecting the environment, and contributing to the communities in which we operate.
Management Profile
Nicholas Brodie, CEO.
A mining executive with over 25 years of experience within increasingly senior roles. Joined Golconda Gold in October 2012 as the CFO and was promoted to CEO in November 2014. Under his stewardship Golconda transitioned its then main asset Mupane from a short life, high cost open pit mine to a long life, low cost underground operation. This operation has since been sold.
Restarted the Galaxy operation in South Africa and implemented a plan to take production to over 40,000 ounces per annum. Acquired the Summit and Banner Mill in New Mexico with a plan to bring it back into production in the short term.
He was previously the CFO of Katanga Mining (DRC), an advisor at Metallon Gold (Zimbabwe), CFO of Copperbelt Energy Corporation (Zambia) and Head of Finance at Total SA. A Fellow member of the Chartered Certified Accountants and a B.Sc (Hons) Geography.
What are your key goals for the next 3, 6 and 12 months?
3 Months
Continue to increase production at Galaxy
6 Months
Raise funds to restart Summit. Complete Phase 1 of the Galaxy development plan.
12 Months
Restart Summit
What do you think makes your company such a compelling investment?
Tripling production over the next two years, reducing operating costs and adding shareholder value.
