Update with Golconda Gold (GG.V/GGGOF): Disciplined Gold Producer

In this Business Breakdown, Ian Cassel and David Barbato sit down with Golconda Gold’s (GG.V/GGGOF) Chairman, Founder, and CEO, Ravi Sood. The company was originally profiled by Ian Cassel on August 28, 2025, at $0.95 USD/$1.30 CAD per share.

This discussion took place live on April 29th, 2026, on the MicroCapClub Community. Join MicroCapClub and unlock the ability to listen and participate live in these discussions.

In this follow-up conversation, Ravi covers the 2025 turning point at Golconda's Galaxy gold mine in South Africa, paying down the credit facility and unsecured note, repairing the balance sheet, and opening additional mining faces to push production from roughly 10k gold ounces in 2025, to 18k oz in 2026, and toward 30k oz by 2029. He walks through the planned June restart of the Summit mine in New Mexico under a capital-light contract mining model, the Banner mill ramp, and the longer-term resource and mill expansion potential across the Steeple Rock district. He also lays out the case for spinning Summit out as a standalone US-listed gold and silver producer beginning in late 2026, TSX Venture first, then OTC, then a full US listing, and shares his thinking on a programmatic VWAP buyback once Summit is de-risked.

You can listen/watch this business breakdowns on Spotify, Apple Podcast, and YouTube below:

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