GoGold Announces Q2 2026 Parral Production
GoGold Announces Q2 2026 Parral Production
Halifax, Nova Scotia--(Newsfile Corp. - April 15, 2026) -
GoGold Resources Inc. (TSX: GGD)
(OTCQX: GLGDF) ("GoGold", "the Company")
is pleased to report production for its second quarter
ending March 31, 2026 of 230,680 silver ounces, 2,549 gold ounces, 84 tonnes of copper, and 93
tonnes of zinc, for a total of 394,605 silver equivalent ounces ("SEO").
"The Parral tailings mine had another excellent quarter for the company, generating substantial cash
flows, with our cash balance increasing by approximately $16M to $261 million USD.
Silver production
increased 13%, which offset a gold decrease of 13% from the previous quarter.
While our silver
equivalent production decreased this is primarily due to the strengthening of silver prices relative to gold
in the quarter.
For comparison purposes, using the same equivalency ratio as last quarter would equate
to production of 446,000 SEO," Brad Langille, President and CEO stated.
"Our very strong debt-free
balance sheet, together with our substantial Parral cash flow has put us in an excellent position for our
upcoming mine build.
With an initial capital expenditure of $227 million per our Los Ricos South
feasibility study, compared to a current cash balance of $261 million and additional strong cash flow
generation from Parral over a remaining mine life of 4 to 5 years really demonstrates that the Company
is fully financed for its upcoming build."
Table 1: Quarterly Production Summary
Quarter Ended
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Silver Production (oz)
226,343
210,289
201,616
212,854
205,104
230,680
Gold Production (oz)
3,213
3,279
3,100
2,697
2,914
2,549
Copper Production (tonnes)
121
117
128
110
96
84
Zinc Production (tonnes)
161
157
140
150
150
93
Silver Equivalent Production (oz)
1
551,337
555,479
555,500
487,876
456,179
394,605
1
.
"Silver equivalent production" include gold ounces, copper tonnes and zinc tonnes 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:
Dec 2024 - 90, Mar
2025 - 90, Jun 2025 - 98, Sep 2025 - 88, Dec 2025 - 76, Mar 2026 - 58.
The copper:silver ratios were: Sep 2024 - 320, Dec 2024 - 299, Mar
2025 - 318, Jun 2025 - 311, Sep 2025 - 251, Dec 2025 - 204, Mar 2026 - 152. The zinc:silver ratios were: Sep 2024 - 94, Dec 2024 - 97, Mar
2025 - 89, Jun 2025 - 79, Sep 2025 - 72, Dec 2025 - 59, Mar 2026 - 38.
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.
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https://www.newsfilecorp.com/release/292640