The Russian Government says: Only natural stones can be called diamonds
June 11, 2026
Louis Vuitton’s Mythica stands as a high jewellery collection, setting the agenda for summer 2026
June 11, 2026GoGold to build $227M mine in Mexico
GoGold Resources will begin construction of its $227 million Los Ricos South mine in Jalisco State. According to the Canadian gold-silver miner, Mexico’s environmental department (SEMARNAT) has granted all permits required for the bulk-tonnage underground mine, and construction is expected to take 24 months.
According to GoGold, the project was designed with rigorous environmental protections and sustainability practices at its core.
Shares of GoGold jumped more than 10% to a three-month high of C$3.73 apiece on the development. The Nova Scotia-headquartered company has a market capitalisation of C$1.52 billion ($1.1 billion)
Acquired in 2019, the Los Ricos South mine is envisioned to be a 15-year mine with the capacity to produce 80 million oz. of payable silver-equivalent, including 7.3 million per year over the first five years, according to a feasibility study published in 2025.
The report, using a base-case silver price of $26.80/oz. and gold price of $2,330/oz., gave the project an after-tax net present value of $355 million with an After-Tax IRR of 28%. Its initial capital was pegged at $227 million, while sustaining capital would require another $100 million.
