Dec. 4 at 9:21 AM
$GORO Huge takeaway from today’s BusinessWire release:
GORO just reported exceptionally strong initial production from the Three Sisters area at DDGM. In only two weeks (Nov 8–21) they processed ~12,800 tonnes and generated an estimated ~
$14.6M in NSR revenue — and that’s at today’s spot environment (Gold ~
$4,200, Silver ~
$58).
The first week alone delivered an insane
$1,512 NSR per tonne, more than 2× the modeled grade. Management called it “exceptional and not representative long-term”, but it proves the geology is significantly better than modeled and that DDGM has massive operating torque at these metal prices.
Add to this: Back Forty is officially back in motion. Even at
$2,700 gold the NPV more than doubled; at
$4,200 the project becomes a different beast entirely.
DDGM is showing real upside, Three Sisters just printed mid-eight-figure annualized revenue in test mode, and GORO now has both short-term cash-flow leverage and a major long-term asset (Back Forty) back on the table.
