GoGold Announces Q1 2026 Parral Production of 456,179 Silver Equivalent Ounces
GoGold Announces Q1 2026 Parral Production
of 456,179 Silver Equivalent Ounces
Halifax, Nova Scotia--(Newsfile Corp. - January 20, 2026) -
GoGold Resources Inc. (TSX: GGD)
(OTCQX: GLGDF) ("GoGold", "the Company")
is pleased to report a production for their first quarter
ending December 31, 2025 of 456,179 silver equivalent ounces, consisting of 205,104 silver ounces,
2,914 gold ounces, 96 tonnes of copper, and 150 tonnes of zinc.
"Parral had an excellent quarter for the company, generating record cash flows.
Current market silver
and gold prices have substantially increased since the end of December.
As we report our production in
silver equivalent ounces and the silver price has increased markedly relative to the gold price, our
reported silver equivalent production appears lower compared to the previous quarter.
Gold production
increased by approximately 8%, while silver production slightly decreased by 3% compared to the
previous quarter," Brad Langille, President and CEO stated.
"Our very strong balance sheet, which
includes a cash balance of $245 million USD, together with our record Parral cash flow has put us in an
excellent position for our upcoming mine build.
As we await the final environmental permit at Los Ricos
South, we are completing detailed engineering work and anticipate over the coming weeks to be in a
position to place orders for long lead time items."
Table 1: Quarterly Production Summary
Quarter Ended
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Silver Production (oz)
167,001
226,343
210,289
201,616
212,854
205,104
Gold Production (oz)
2,232
3,213
3,279
3,100
2,697
2,914
Copper Production (tonnes)
132
121
117
128
110
96
Zinc Production (tonnes)
100
161
157
140
150
150
Silver Equivalent Production (oz)
1
406,150
551,337
555,479
555,500
487,876
456,179
1
.
"Silver equivalent production" include gold ounces, copper tons and zinc tons produced and converted to a silver equivalent based on a ratio
of the average market metal price for each period.
The gold:silver ratio for each of the periods presented were:
Sep 2024 - 88, Dec 2024 -
90, Mar 2025 - 90, Jun 2025 - 98, Sep 2025 - 88, Dec 2025 - 76.
The copper:silver ratios were: Sep 2024 - 320, Dec 2024 - 299, Mar 2025 -
318, Jun 2025 - 311, Sep 2025 - 251, Dec 2025 - 204. The zinc:silver ratios were: Sep 2024 - 94, Dec 2024 - 97, Mar 2025 - 89, Jun 2025 -
79, Sep 2025 - 72, Dec 2025 - 59.
Mr. Robert Harris, P.Eng. is the qualified person as defined by National Instrument 43-101 and is
responsible for the technical information of this release related to Parral.
About GoGold Resources
GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating,
developing, exploring and acquiring high quality projects in Mexico.
The Company operates the Parral
Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration
and development projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a
portfolio of low cost, high margin projects. For more information visit
gogoldresources.com
.
For further information please contact:
Steve Low, Corporate Development
GoGold Resources Inc.
T: 416 855 0435
Email :
Or visit :
www.gogoldresources.com
CAUTIONARY STATEMENT:
The securities described herein have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not
be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in
Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of
the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This
release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities
in the United States.
This news release may contain "forward-looking information" as defined in applicable Canadian
securities legislation. All statements other than statements of historical fact, included in this release,
including, without limitation, statements regarding the Parral tailings mine, the Los Ricos projects, future
operating margins, future production and processing, and future plans and objectives of GoGold,
constitute forward looking information that involve various risks and uncertainties. Forward-looking
information is based on a number of factors and assumptions which have been used to develop such
information but which may prove to be incorrect, including, but not limited to, assumptions in connection
with the continuance of GoGold and its subsidiaries as a going concern, general economic and market
conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the
Parral tailings mine. There can be no assurance that such information will prove to be accurate and
actual results and future events could differ materially from those anticipated in such forward-looking
information.
Important factors that could cause actual results to differ materially from GoGold's expectations include
exploration and development risks associated with the GoGold's projects, the failure to establish
estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery
rates, and global economic conditions. For additional information with respect to risk factors applicable
to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to
time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The
forward-looking information contained in this release is made as of the date of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/280896