GoGold releases PEA results for Los Ricos North

Canada-based gold and silver producer GoGold has announced the results of an initial preliminary economic assessment (PEA) at its Los Ricos North project, in Mexico.

This is the second PEA completed in the Los Ricos district, in addition to the Los Ricos South PEA completed two years ago.

The Los Ricos North PEA calculates a net present value, using a 5% discount, of $413-million, based on a 13-year mine life producing 110.3-million payable silver equivalent ounces.