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Develops the Los Ricos silver-gold district in Jalisco, Mexico, and retreats historic Parral tailings.
Develops the Los Ricos silver-gold district in Jalisco, Mexico, and retreats historic Parral tailings.
Sells the silver and gold recovered from reprocessing old Parral tailings, the waste left by past mining, which funds part of its development spending at Los Ricos, where it has not yet begun mining. Metal is sold at market prices to refiners, so cash flow depends on silver and gold prices as well as recovery rates.
Moat: narrow (installed base). Existing cash-flowing tailings operation helps fund development of the larger Los Ricos silver district.
Headquarters: Toronto, Canada · Employees: 205
Size Gogold Resources (GGD.TO) is a Canada Materials company (Precious Metals) with a market value of $1.08B, the 240th largest of 420 Canada companies the cockpit tracks. Shares closed at C$3.50 on 6 Nov 2026.
Performance Over six months the shares gained 19.4%, against -8.7% for the median peer and +5.2% for the Canada market (cap-weighted) — 3rd highest of 19 in its peer set.
Growth Revenue grew 63.6% over the last twelve months (peer median +41.6%); the operating margin is 46.9% (peer median 1.7%).
Valuation It trades at 29.0× forward earnings against a peer median of 10.8× (3rd most expensive of 8).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -0 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.4 points above its cost of capital (11.9% WACC).
Next results Next results expected around 17 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$148M | C$101M | C$49.7M | C$40.8M | C$46.1M |
| Revenue growth | — | +104% | +22% | -11% | — |
| Gross profit | C$89.5M | C$39.9M | C$16.6M | -C$5.33M | C$6.80M |
| EBITDA | C$75.7M | C$30.5M | C$8.12M | -C$11.5M | C$1.38M |
| Net income | C$64.3M | C$24.2M | C$2.15M | -C$10.6M | C$884,110 |
| Free cash flow | C$81.9M | C$35.7M | -C$17.0M | -C$11.4M | -C$1.51M |
| Capital expenditure | C$20.3M | C$18.7M | C$15.2M | C$20.1M | C$31.6M |
| Total debt | C$1.36M | C$1.21M | C$1.61M | C$2.32M | C$3.40M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Gogold Resources GGD.TO | $1.08B | +19% | +64% | 47% | 29.0× | 13.3% |
| Vizsla Silver VZLA.TO | $1.18B | -1% | n/a | n/a | n/a | n/a |
| Endeavour Silver EDR.TO | $2.34B | -20% | +198% | 26% | 10.9× | n/a |
| First Majestic Silver AG.TO | $7.52B | -27% | +96% | 44% | 18.1× | 9.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GGD.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.4% | -8.2% | 10th highest of 21 |
| 6-month return | +19.4% | -8.7% | 3rd highest of 19 |
| Distance from 52-week high | -24.2% | -41.2% | 4th highest of 21 |
| Revenue growth (TTM) | +63.6% | +41.6% | 3rd highest of 9 |
| Operating margin | 46.9% | 1.7% | highest of 11 |
| Forward P/E | 29.0× | 10.8× | 3rd most expensive of 8 |
| Growth the price implies (Req g, 7 yrs) | 13.3% | 17.9% | 3rd least demanding of 5 |
| Growth delivered (Del g) | +13.8% | +15.2% | 2nd lowest of 4 |
| Hurdle (Req g minus delivered) | -0.4 pp | -19.6 pp | 2nd most demanding of 4 |
| ROIC minus cost of capital | +5.4 pp | -17.6 pp | 2nd highest of 19 |
| EV / EBITDA | 14.7× | 17.9× | 3rd cheapest of 6 |
| Net debt / EBITDA | -5.3× | 0.4× | least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Gogold Resources GGD.TO | Canada | $1.08B | +19% | +64% | 47% | 29.0× | 13.3% | +13.8% |
| RIO2 RIO.TO | Canada | $1.08B | -6% | n/a | 20% | 6.1× | 36.3% | n/a |
| Hemlo Mining HMMC.TO | Canada | $1.09B | -9% | n/a | n/a | 10.8× | n/a | n/a |
| New Pacific Metals NUAG.TO | Canada | $1.05B | 0% | n/a | n/a | n/a | n/a | n/a |
| Benz Mining BZ.V | Canada | $1.15B | +120% | n/a | n/a | n/a | n/a | n/a |
| EQ Resources EQR.AX | Australia | $1.01B | +6% | +150% | 11% | 4.3× | n/a | n/a |
| Vizsla Silver VZLA.TO | Canada | $1.18B | -1% | n/a | n/a | n/a | n/a | n/a |
| Yunding Technology 000409.SZ | China | $960M | -18% | +6% | 6% | 69.8× | n/a | n/a |
| EACON 7687.HK | Hong Kong | $1.23B | n/a | +46% | -22% | n/a | n/a | n/a |
| McEwen MUX.TO | Canada | $954M | -31% | +54% | -3% | 31.8× | 59.7% | +15.2% |
| i-80 Gold IAU.TO | Canada | $1.24B | -2% | +38% | -103% | n/a | n/a | n/a |
| Minerals 260 MI6.AX | Australia | $1.29B | +1% | n/a | n/a | n/a | n/a | n/a |
| Highlander Silver HSLV.TO | Canada | $906M | -23% | n/a | -60% | n/a | n/a | n/a |
| AbraSilver Resource ABRA.TO | Canada | $1.30B | -37% | n/a | n/a | n/a | n/a | n/a |
| Perenti PRN.AX | Australia | $1.31B | -8% | -4% | 9% | 10.3× | -9.8% | +9.8% |
| Omai Gold Mines OMG.V | Canada | $879M | -23% | n/a | n/a | n/a | n/a | n/a |
| Critical Metals CRML | United States | $864M | -58% | n/a | n/a | n/a | n/a | n/a |
| Pantoro Gold PNR.AX | Australia | $826M | -9% | +35% | 34% | 12.2× | -0.5% | +40.5% |
| Liberty Gold LGD.TO | Canada | $819M | +50% | n/a | n/a | n/a | n/a | n/a |
| Cadillac Mines CADY.TO | Canada | $815M | n/a | n/a | n/a | n/a | n/a | n/a |
| Osisko Gold OGG.V | Canada | $814M | -18% | +805% | -51% | n/a | n/a | n/a |