Global Gold Corporation
555 Theodore Fremd Avenue, Suite C208 , Rye, New York, United States | Gold
Global Gold Corporation (Global Gold) is an international gold mining and exploration company that acquires and develops properties with a low cost of production and substantial upside. We currently operate three properties in Armenia and are the largest gold exploration license holder in the country. At every level, we are committed to best practices, building shareholder value, and maintaining social and environmental responsibilities in the communities where we work.
Our mission is to establish ourselves as a mid-tier gold producer by maximizing potential of our properties and bringing them into production as soon as possible and in increasing scale. We recognize that the new global market environment and robust gold price present us with a unique opportunity to build shareholder value.
Global Gold’s strategy is to generate revenues and value through production, development and exploration. We may also seek to form operating partnerships to bring assets into production more quickly and generate cash flow. Our focus is on a few key high growth assets with balanced country risk.
Global Gold has a portfolio of gold and silver projects at early and advanced stages of exploration and development in Armenia and has operated in Chile since 2001
We have one mine in the early stage of production in Armenia
We have two promising exploration properties in Armenia:
- 100% interest in the Marjan property located in southwestern Armenia. Marjan is currently in the advanced stage of exploration of a gold and silver deposit. Historic GKZ reserve data estimate the deposit contains 15.4 million tonnes of ore at average grades of 2.31g/t of gold and 92.1g/t of silver. A special Mining License was awarded to Global Gold in 2008 for a period of 25 years on the 19. 6 sq km property.
- 100% interest in the Getik property which is a gold and silver deposit in northeastern Armenia. The exploration license area covers 27 sq km.
Based in Rye, NY, Global Gold has offices in Yerevan, Armenia, and in Santiago, Chile. Our management’s b knowledge of the local markets and our on site presence enable us to hire and retain the best local technical talent and give us first mover advantage in identifying and securing prospective properties.
Global Gold, incorporated in 1980, is a public company traded on the OTCBB in the US under the symbol GBGD. As of August 31 2014, we have 87,882,975 shares outstanding and approximately 1,300 shareholders. Our largest shareholders include Ian Hague (Tusheti Holdings, LLC) and Firebird Management.
Company Details | |
---|---|
Company Name | Global Gold Corporation |
Business Category | Gold |
Address | 555 Theodore Fremd Avenue Suite C208 Rye New York United States ZIP: 10580 |
President | NA |
Year Established | 1980 |
Employees | NA |
Memberships | NA |
Hours of Operation | NA |
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