Do Small Gold Mines Actually Make Money? | Golconda Gold CEO Interview
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The mining and exploration space is highly likely to lose you money. Failure is the norm and should be the expectation. Don’t risk what you can’t afford to lose. If you don't understand it, don't do it.
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Timestamps:
00:00:00 Chapters
00:00:13 Important Warning
00:01:12 Golconda Gold Company Overview
00:08:31 Why would I bother with small mines?
00:12:06 Has the CEO made money for shareholders before?
00:21:18 Does the CEO have other jobs?
00:22:29 What does the CEO do all day?
00:25:16 Do insiders have real skin in the game?
00:27:35 Is this insider ownership obstructive to liquidity?
00:29:53 Why is the COO selling shares?
00:40:09 How does Golconda measure 'success'?
00:43:45 Do insiders own a royalty on the project?
00:44:46 Does Golconda want to stay small or grow?
00:50:19 Is there really a market for M&A of this size?
00:52:59 What's the biggest challenge for Golconda Gold?
00:57:15 Why are they operating on resources and not reserves?
01:01:41 When will they grow to their targeted 40K ounces?
01:05:07 What's the biggest operational risk for Golconda?
01:08:35 Can Golconda be consistently profitable from here on out?
01:09:51 Is the gold stream an issue?
01:12:57 How much taxes do they have to pay next year?
01:15:12 Why does BEE get 26%?
01:17:21 What is the minimum gold price they need?
01:18:55 Is Golconda looking to diversify out of South Africa?
01:24:37 Is South Africa getting riskier with the higher gold price?
01:26:13 Where do they get power from?
01:28:06 Where do they get water from?
01:29:07 Where do they get labour from?
01:30:27 Are there any geotechnical risks at Galaxy?
01:31:37 What gold recoveries are they getting at Galaxy?
01:39:20 How do they split budgets between exploration and development?
01:41:19 What is going on at Summit?
01:43:58 How is the community situation at Summit?
01:44:51 How is the community situation in South Africa?
01:46:08 Is their G&A going to be higher in 2026?
01:47:51 What are they doing for marketing?
01:50:39 What's the biggest criticism of Golconda Gold?
01:53:42 Very Important Warning - DO NOT SKIP
This is a Golconda Gold interview with CEO, Ravi Sood.
