GORO undervalued due to forced closures in Q2
The above chart shows GORO (blue) and a comparative gold mining company, since the Q2 earnings GORO has declined in price due to poor results. This was as a result of the Mexican government forcing their Oaxaca mining unit to shut down. The company returned to full production in Q3 and plans to increase gold production by 75% in 2021. The company will post solid results in Q3 and as a result presents a very good buying opportunity.
GSS was able to see large gains since q2 as a result of the increasing gold price, GORO will soon see the same benfits.
GSS was able to see large gains since q2 as a result of the increasing gold price, GORO will soon see the same benfits.
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