The Conversation (0)
Goldplay Exploration CEO Marcio Fonseca talks about three important things investors should know about the company.
In a brief discussion with the Investing News Network (INN), Goldplay Exploration (TSXV:GPLY) CEO Marcio Fonseca provided an update on the company’s gold and silver exploration work in Mexico.
INN: What are three important things investors should know about your company?
Goldplay Exploration CEO Marcio Fonseca: Our company’s business is exploration, discovery, and development of silver-gold assets in Mexico. There are three important points that investors should know about Goldplay.
Firstly, we are well-funded for fast-tracking the expansion of a multi-million-ounce silver asset in Mexico. Second, we have an experienced board and management team with proven track records in exploration, discovery and successful exit strategies for shareholders. For example, I myself was directly involved in the financing for SilverCrest Mines, and later became a shareholder and VP Corporate Development. SilverCrest was sold to First Majestic (TSX:FR,NYSE:AG,FWB:FMV) in October 2015 for $150 million.
Third, we have a solid shareholder base and a tight capital structure: 38 million shares fully diluted. Our shareholders included Sandstorm Gold (TSX:SSL) and SSR Mining (NASDAQ:SSRM,TSX:SSRM), two companies with market caps of over $1 billion. JDS Mining, a well-known engineering company that recently sold its Silvertip mine for $250 million dollars.
INN: What makes your company unique?
MF: Goldplay is a young company that listed on the TSXV six months ago. We control 100 percent of 250 square kilometers of concessions in a historic multi-million-ounce mining district in Mexico. Our concessions sit close or next to operating mines or development projects led by large companies like
released at six months ago on the TSXV. The ticker code is GPLY, we control a 100% of 250 square kilometers of concessions in a historic multimillion ounce mining district in Mexico. Our concessions are close or next to operating mines or projects on a development by large companies such as First Majestic.
INN: What major near-term catalysts should investors be on the lookout for?
MF: One of the milestones I would like to highlight is that we are about to expand the resource of our flagship asset. Right now, we have a historic NI 43-101 resource of 30 million ounces of silver equivalent. We have been releasing news every two weeks or so regarding drilling and sampling results and we expect that we will be able to release a new resource report by the end of the year.
