The Market Online speaks with Golconda Gold CEO Ravi Sood, as TOP GAINER OF THE WEEK - GOLCONDA.
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00:00Hello and welcome to the Watchlist. Golconda Gold has announced its Q1 financial and operational
00:12results. Here with the details is CEO Ravi Sud. Ravi, nice to have you.
00:16Great to be here.
00:18Now, what were the key operational metrics reported by Golconda Gold for Q1 2025 and how
00:24do they compare to the previous quarter's performance?
00:28We keep performance metrics for us. Gold production and cash costs. Gold production was just under
00:343,000 ounces for the quarter. That's a record quarter for us in terms of production, up quarter
00:40over quarter and up substantially on a year over year basis. And our cash costs came in
00:45just under $1,400 an ounce.
00:48Now, how does the company's financial performance in Q1 reflect its strategic initiatives and
00:53market conditions?
00:55I think Q1 was an extremely important quarter for us in terms of capturing what the strategic
01:01potential or strategic objectives in the potential of Golconda Gold is and what we offer investors,
01:08which is direct leverage to the gold price. So why is that? Number one, you can see how the gold
01:14price affects our results. We're relatively modest production right now, but still significant cash
01:19flow. And you can see as that production goes up, our cash costs will continue to go down
01:24and the cash flow at today's gold prices will continue to grow. Second, it shows how we can self-fund
01:32our growth. So we have organic growth that our existing mine, the Galaxy Mine,
01:36and we have a past producing mine that we acquired a few years ago called the Summit Mine in the United
01:41States. We're able to bring that back into production without having to access capital markets and dilute our
01:46shareholders. And this quarter showed that one, we have amazing leverage for our shareholders to gold
01:53price right now. And two, we have a huge amount of growth in front of us that we can fund internally.
02:00And then for those that don't maybe understand exactly how gold price, how you can leverage that,
02:04maybe you can just give us a few details on how you particularly can leverage the increase in gold prices.
02:10Absolutely. So while there are a lot of great junior gold companies out there doing interesting
02:17things in different aspects of the market and different parts of the development curve, we're
02:22producing. So every dollar on gold price matters to us, and these gold prices help a lot. So even
02:29producing 3,000 ounces or just under 3,000 ounces last quarter, every thousand dollars on gold is
02:363 million dollars to us, cash in the bank, just for that quarter with this relatively modest production
02:42as we ramp up. So it does matter to us. And you know, gold prices, higher gold prices help everybody in
02:49this sector. But as a producer, we benefit dollar for dollar day by day from that gold price and get that
02:55leverage directly to investors. All right. Well, thank you so much, Ravi, for the update. For The Watch List,
03:02I'm Karina Robertson. Thank you for having me.