Galane Gold Inc (CVE:GG) Botswana Project Generates Soaring Revenue

742 views · Published 18 September 2018 · 10:52 · Indexed 29 October 2026

Channel: Midas Letter · 2018 · News & Politics

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Galane Gold Inc (CVE:GG) (OTCMKTS:GGGOF) (FRA:25G) Chairman Ravi Sood shares details of the company’s mining operations in Botswana  and South Africa. Galane Gold is targeting between 33,000 to 35,000 ounces of gold annually from its Botswana operation and has transitioned that mine underground, expanding its footprint significantly. Galane Gold’s new mine in South Africa has all-in costs underneath $900 an ounce with an expected return of 50,000 ounces per annum. Sood addresses the company’s low valuation relative to its quarterly revenue, which stood at $2.3 million USD last quarter. The segment wraps with a discussion on the gold sector and the likelihood of a gold comeback in the near future.

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#Galane
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#Mining

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