Public market insider buying at Golconda Gold (V:GG)

Ravi Sood, a Director, acquired 3,135,000 Common Shares on a direct ownership basis at a price of $0.150 on December 12th, 2023. This represents a $470,250 investment into the company's shares and an account share holdings change of 93.8%.

Golconda Gold is in the Gold Sub Industry Group under the Basic Materials Sector.

Golconda Gold Ltd. is a gold producer and explorer with mining operations and exploration tenements in South Africa and the United States. Its principal business activities are the exploration, development, and operation of gold mining properties. It operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively, the Galaxy Property) located in the Republic of South Africa (South Africa), through subsidiaries located in Mauritius and South Africa; and a mine and processing infrastructure located in the United States of America (the Summit Property). Its Galaxy gold property is situated about eight kilometers (km) west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. The property covers 58.6 square kilometers and is part of the Barberton Greenstone Belt. Golconda Gold Ltd. (GG) has a high amount of executive buying compared to its micro-cap peers in the market over the past three months. According to regulatory filings yesterday, one insider has invested a total amount of $470,250.