GoGold Annual Production Increases 45%
GoGold Annual Production Increases 45%
Halifax, Nova Scotia--(Newsfile Corp. - October 16, 2025) -
GoGold Resources Inc. (TSX: GGD)
(OTCQX: GLGDF) ("GoGold", "the Company")
is pleased to report a 45% increase in production for
the year ending September 30, 2025, to 2,150,192 silver equivalent ounces, consisting of 851,102 silver
ounces, 12,289 gold ounces, 476 tonnes of copper, and 609 tonnes of zinc.
"Parral delivered an excellent year for the Company, with production up 45% from 2024 to 2025.
Through the year it provided excellent cash flow, which continues to improve with the increase in metal
prices," Brad Langille, President and CEO stated.
"Our very strong balance sheet, which includes a cash
balance of $141 million USD at year end, together with the continued robust Parral cash flow has put us
in an excellent position for our upcoming mine build.
It also provides flexibility to advance Los Ricos
North and explore around our mine reserves as we approach the execution phase at Los Ricos South."
Table 1: Annual Production Summary
Quarter Ended
Sep 2020
Sep 2021
Sep 2022
Sep 2023
Sep 2024
Sep 2025
Silver Production (oz)
1,315,661
1,138,358
741,772
706,891
553,381
851,102
Gold Production (oz)
10,089
13,447
10,708
7,032
8,700
12,289
Copper Production (tonnes)
260
470
469
615
468
476
Zinc Production (tonnes)
-
-
-
-
316
609
Silver Equivalent Production (oz)
1
2,295,416
2,270,073
1,810,326
1,517,264
1,482,406
2,150,192
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:
2020 - 89, 2021 - 72, 2022 -
82, 2023 - 83, 2024 - 88, 2025 - 90.
The copper:silver ratio for the periods presented were: 2020 - 302, 2021 - 348, 2022 - 410, 2023 - 373,
2024 - 345, 2025 - 296.
The zinc:silver ratios were: 2024 - 99, 2025 - 85.
Table 2: Quarterly Production Summary
Quarter Ended
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Silver Production (oz)
138,708
167,001
226,343
210,289
201,616
212,854
Gold Production (oz)
2,436
2,232
3,213
3,279
3,100
2,697
Copper Production (tonnes)
148
132
121
117
128
110
Zinc Production (tonnes)
125
100
161
157
140
150
Silver Equivalent Production (oz)
1
400,236
406,150
551,337
555,479
555,500
487,876
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:
Jun 2024 - 86, Sep 2024 -
88, Dec 2024 - 90, Mar 2025 - 90, Jun 2025 - 98, Sep 2025 - 88.
The copper:silver ratios were: Jun 2024 - 346, Sep 2024 - 320, Dec 2024 -
299, Mar 2025 - 318, Jun 2025 - 311, Sep 2025 - 251. The zinc:silver ratios were: Jun 2024 - 98, Sep 2024 - 94, Dec 2024 - 97, Mar 2025 -
89, Jun 2025 - 79, Sep 2025 - 72.
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/270636