GoGold Reports Total Comprehensive Income of USD $42.9 Million


Halifax, NS – GoGold Resources Inc. (TSX: GGD) (“GoGold”, “the Company”) reports total comprehensive income of $42.9 million and net income of $30.0 million for the three months ended December 31, 2017. The Corporation structured the sale of Santa Gertrudis to utilize existing tax loss carryforwards and expects to pay no corporate income tax associated with the transaction.  With the gross proceeds from the transaction of $80 million before a retained 2% net smelter royalty, the Corporation’s net working capital position improved to $44.3 million from a deficiency at September 30, 2017 of $10.4 million.  (All amounts are in U.S. dollars).

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s