GoGold Reports Q2 Production at Parral to 555,479 Silver Equivalent Ounces
GoGold Reports Q2 Production at Parral to
555,479 Silver Equivalent Ounces
Halifax, Nova Scotia--(Newsfile Corp. - April 9, 2025) -
GoGold Resources Inc. (TSX: GGD) (OTCQX:
GLGDF) ("GoGold", "the Company")
is pleased to report production for the quarter ending March 31,
2025 of 555,479 silver equivalent ounces, consisting of 210,289 silver ounces, 3,279 gold ounces, 117
tonnes of copper, and 157 tonnes of zinc.
"Parral has delivered strong stable quarterly production, with expected similar cash flows from the
operation as the previous quarter.
This cash flow generated from Parral allows us to fund additional
exploration at Los Ricos South as we await our anticipated mining permit," said Brad Langille, President
and CEO.
"The recently completed equity financing, together with the robust Parral cash flow, not only
strengthens our balance sheet for the upcoming mine build at Los Ricos South, but also allows us
flexibility to advance Los Ricos North and explore around our mine reserves as we approach the
execution phase at Los Ricos South.
We believe this plan will ultimately generate the most value creation
for the company."
Figure 1: Quarterly Production Summary
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1683/247855_1.jpg
Table 1: Quarterly Production Summary
Quarter Ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Silver Production (oz)
109,016
138,657
138,708
167,001
226,343
210,289
Gold Production (oz)
1,848
2,184
2,436
2,232
3,213
3,279
Copper Production (tonnes)
95
93
148
132
121
117
Zinc Production (tonnes)
-
92
125
100
161
157
Silver Equivalent Production (oz)
1
300,260
375,745
400,236
406,150
551,337
555,479
1
.
"Silver equivalent production" include gold ounces and copper 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:
Dec 2023 - 85, Mar 2024 - 93, Jun
2024 - 86, Sep 2024 - 88, Dec 2024 - 90, Mar 2025 - 90.
The copper:silver ratios were: Dec 2023 - 356, Mar 2024 - 365, Jun 2024 - 346,
Sep 2024 - 320, Dec 2024 - 299, Mar 2025 - 318. The zinc:silver ratios were: Mar 2024 - 104, Jun 2024 - 98, Sep 2024 - 94, Dec 2024 - 97,
Mar 2025 - 89.
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 project, the Los Ricos project, 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 project 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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