Interview with Keith Piggott from Goldgroup Mining

Dr. Allen Alper: This is Dr. Allen Alper, Editor-in-chief of Metals News, interviewing Keith Piggott, President and CEO of Goldgroup Mining Inc. Could you give our readers/investors an overview of your company?

Keith Piggott: Nice to be with you Allen. This company has been formed for a number of years. Currently it has one operating mine in northern Mexico. It’s a very successful operating mine, producing around 20,000 ounces this year. Operating costs are expected to be around $900 an ounce in 2017. It’s an open cut, heap-leach operation with agglomeration, and it’s currently undergoing a small expansion to increase recovery from the current 65% up to what we hope will be 75% by putting in some extra crushing capacity. We’ve also taken on some extra ground, so we expect, over the next few years, to explore that ground and the near vicinity, and increase the ore resources for the operation. This is a stable operation, with good cash flow. And the company has minimal debt.

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About Mariusz Skonieczny 61 Articles
Mariusz Skonieczny is the founder of Classic Value Investors.