Jan. 16 at 5:43 PM
Sonoro Gold
$SMOFF has been one of my best performing stocks over the past twelve months and the news keeps on getting better. Today's news was totally unexpected -- significantly expanding their Cerro Caliche gold/silver project.
SONORO GOLD ANNOUNCES EXPANSION OF CERRO CALICHE GOLD PROPERTY
The PR also shows the Prieto mine location ooperated by GoldGroup Mining
$GGAZF which will have to close down in September 2028 because SMOFF bought the surface rights to Prieto starting then. At some point, I would expect some announcement that GGAZF and SMOFF come to some agreement so that GoldGroup Mining can continue operating the mine. Upfront payment to Sonoro Gold or a royalty agreement.
But whatever it is, Sonoro Gold will benefit. (Personally, I would be scared to still own GGAZF because they have not disclosed the fact that they lose the Prieto mine in 2028. Once they disclose that to shareholders, the stock will selloffright right before the upcoming capital raise.