Welcome to our dedicated page for Gogold Resources news (Ticker: GLGDF), a resource for investors and traders seeking the latest updates and insights on Gogold Resources stock.
GoGold Resources Inc. (GLGDF) is a Canadian mining company focused on silver and gold production through its Parral Tailings mine and Los Ricos projects in Mexico. This page aggregates all official press releases, financial announcements, and operational updates, providing investors and analysts with a centralized source for tracking the company's progress.
Access timely, verified information on quarterly earnings, resource estimation reports, exploration milestones, and strategic partnerships. Our curated collection ensures you stay informed on developments directly from company sources, maintaining compliance and factual integrity.
Key updates include metallurgical advancements, underground mining progress, feasibility study results, and corporate governance announcements. Each entry is structured to highlight material impacts on operational efficiency and market positioning.
Bookmark this page for streamlined access to GoGold's latest communications. Regularly revisit to monitor evolving initiatives in precious metals extraction and resource development.
GoGold Resources (TSX: GGD) (OTCQX: GLGDF) has reported its Q2 2025 production results from the Parral operation, achieving 555,479 silver equivalent ounces. The production breakdown includes 210,289 silver ounces, 3,279 gold ounces, 117 tonnes of copper, and 157 tonnes of zinc.
CEO Brad Langille highlighted that Parral continues to deliver stable quarterly production with expected cash flows similar to the previous quarter. The company plans to utilize this cash flow to fund additional exploration at Los Ricos South while awaiting mining permits. A recently completed equity financing, combined with Parral's cash flow, strengthens their balance sheet for the upcoming Los Ricos South mine build and provides flexibility to advance Los Ricos North.
GoGold Resources (TSX: GGD) (OTCQX: GLGDF) held its annual and special meeting of shareholders on March 27, 2025, where shareholders voted to re-elect seven directors to the company's board. The re-elected directors include John Turner, Bradley Langille, Phillip Gaunce, Jorge Aguirre, Terrence Cooper, Douglas Reid, and Karen Flores. Each director secured their position through a majority vote. Additionally, shareholders approved the re-appointment of KPMG LLP as the company's auditors until the next annual meeting, with remuneration to be determined by the directors.
GoGold Resources (GLGDF) has filed a Feasibility Study for its Los Ricos South Project in Mexico, revealing promising economics. The study outlines a 15-year mine life with an after-tax NPV of $355 million (5% discount rate) and 28% IRR at base case metal prices.
The project features a 2,000 tonne per day underground mine with initial capital costs of $227 million and sustaining capital of $100 million. Key metrics include average production of 7.3 million silver equivalent ounces over the first 5 years, with operating cash costs of $9.94/oz AgEq and AISC of $11.19/oz AgEq during this period.
The study confirms Proven and Probable Mineral Reserves of 10.2 million tonnes grading 276 g/t AgEq, containing 91 million ounces AgEq. The project will utilize conventional mining methods and processing, including cyanide leaching with high recovery rates of 92-93% for gold and 85-87% for silver.
GoGold Resources reported strong financial results for Q1 2025, with record revenue of $19.1 million from the sale of 625,972 silver equivalent ounces at Parral. The company's cash position increased by $4.3 million to $76.0 million, with operating cash flow of $7.9 million.
Production reached 551,337 silver equivalent ounces, including 226,343 silver ounces, 3,213 gold ounces, and significant copper and zinc output. The adjusted cash cost was $19.33 per silver equivalent ounce, with an all-in sustaining cost of $22.45.
The company's SART Zinc circuit, implemented last year for $2 million, has contributed to Parral's record performance. Additionally, GoGold appointed Jorge Aguirre, an experienced civil engineer and construction executive, to its Board of Directors.
GoGold Resources has released its Feasibility Study for the Los Ricos South Project in Mexico, featuring a 2,000 tonnes per day underground mine plan. Key highlights include:
- After-Tax NPV of US$355 million with 28% IRR at base case prices ($26.80/oz silver, $2,330/oz gold)
- 15-year mine life producing 80 million payable silver equivalent ounces
- Initial capital costs of $227 million with $100 million sustaining capital
- Average AISC of $11.19/oz AgEq over first 5 years
- Average annual production of 7.3 million AgEq oz over first 5 years
- Proven and Probable Reserves of 10.2 million tonnes at 276 g/t AgEq
The project features conventional processing with crushing, grinding and cyanide leaching, producing silver-gold doré bars and copper precipitate. The company expects permit approval by March 2025 and is in advanced discussions with lenders for construction financing.
GoGold Resources reported strong Q4 2024 production results with 551,337 silver equivalent ounces, marking a 36% increase. The production comprised 226,343 silver ounces, 3,213 gold ounces, 121 tonnes of copper, and 161 tonnes of zinc. The company's cash balance grew from $72M to $76M during the quarter.
The improved performance is attributed to Parral's SART Zinc circuit completion in 2024, which exceeded expectations in base metal production and enhanced gold and silver leachability. Looking ahead to 2025, GoGold anticipates several key milestones, including the release of Los Ricos South's Definitive Feasibility Study, expected underground mine permit approval by March 2025, and project financing arrangements for Los Ricos South construction.
GoGold Resources reported financial results for the year ending September 30, 2024, showing significant growth with Parral revenue increasing by 20% to $37 million. The company sold 1.4 million silver equivalent ounces at an average price of $25.95 USD. The newly completed SART Zinc circuit has enhanced production and profitability by improving gold and silver leachability.
Key financial highlights include: cash position of $72.0 million, net income of $1.6 million, and production of 1,482,391 silver equivalent ounces. The company achieved an adjusted cash cost of $17.62 per silver equivalent ounce and an all-in sustaining cost of $24.15. Looking ahead to 2025, GoGold anticipates receiving permits for Los Ricos South and moving forward with construction of its second operating mine.
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) announces its participation in Deutsche Goldmesse Fall 2024, scheduled for November 21st and 22nd at The Westin Grand Frankfurt. The company's management will conduct meetings and present to European investors during the event. Deutsche Goldmesse has established itself as Germany's leading investment conference in the resource sector, bringing together mining companies, keynote speakers, investors, asset managers, and media partners.
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) reported production of 406,150 silver equivalent ounces for the quarter ending September 30, 2024. This includes 167,001 silver ounces, 2,232 gold ounces, 132 tonnes of copper, and 100 tonnes of zinc. The company saw continuing production growth and a substantial increase in September, with the heap achieving equilibrium at a level generating significant free cash flow for that month.
The addition of the zinc circuit and other optimizations has resulted in a saleable zinc product, recycling of associated cyanide, and improved leaching of gold and silver. As GoGold completes final engineering and anticipates the issuance of a permit for the Los Ricos South underground mine, Parral is expected to add meaningfully to the company's cash flow going forward.
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) has provided an update on its Los Ricos South (LRS) and Los Ricos North (LRN) projects. The company is finalizing a definitive feasibility study (DFS) for LRS, with a significant change from the preliminary economic assessment:
1. The mine plan has been re-engineered into a 12-year underground bulk mine with a 2,000 tonne per day capacity.
2. This approach reduces surface disturbance and eliminates the need for an open pit permit.
3. Metallurgical testing confirms a conventional whole ore leaching process producing silver-gold dore bars and copper precipitate.
4. The company is finalizing a power agreement with CFE and has secured land rights for the mill and processing facilities.
5. GoGold is also working on converting the LRN project to an underground mine plan, with a revised PEA/PFS expected in 2025.
