GoGold Reports 36% Increase in Production at Parral to 551,337 Silver Equivalent Ounces and Provides Outlook for 2025
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 ha riportato risultati di produzione forti per il Q4 2024 con 551.337 once equivalenti d'argento, segnando un aumento del 36%. La produzione comprendeva 226.343 once d'argento, 3.213 once d'oro, 121 tonnellate di rame e 161 tonnellate di zinco. Il bilancio di cassa dell'azienda è cresciuto da $72M a $76M durante il trimestre.
Il miglioramento delle performance è attribuito al completamento del circuito SART Zinc di Parral nel 2024, che ha superato le aspettative nella produzione di metalli di base e ha migliorato la leachabilità di oro e argento. Guardando avanti al 2025, GoGold prevede diversi traguardi chiave, inclusa la pubblicazione dello Studio di Fattibilità Definitivo per Los Ricos South, l'approvazione prevista del permesso per la miniera sotterranea entro marzo 2025 e gli accordi di finanziamento per la costruzione di Los Ricos South.
GoGold Resources informó resultados de producción sólidos para el Q4 2024 con 551,337 onzas equivalentes de plata, marcando un aumento del 36%. La producción incluía 226,343 onzas de plata, 3,213 onzas de oro, 121 toneladas de cobre y 161 toneladas de zinc. El saldo de caja de la compañía creció de $72M a $76M durante el trimestre.
El mejor rendimiento se atribuye a la finalización del circuito SART Zinc de Parral en 2024, que superó las expectativas en la producción de metales básicos y mejoró la lixiviabilidad de oro y plata. Mirando hacia el 2025, GoGold anticipa varios hitos clave, incluyendo la publicación del Estudio de Factibilidad Definitivo de Los Ricos South, la aprobación prevista del permiso para la mina subterránea para marzo de 2025 y los acuerdos de financiamiento para la construcción de Los Ricos South.
GoGold 자원은 2024년 4분기 생산 결과를 551,337 온스의 은 동등량으로 보고하며 36% 증가를 기록했습니다. 생산량은 은 226,343 온스, 금 3,213 온스, 구리 121톤, 아연 161톤으로 구성되었습니다. 회사의 현금 잔고는 분기 동안 $72M에서 $76M으로 증가했습니다.
향상된 성과는 2024년 Parral의 SART 아연 회로 완공에 기인하며, 이는 기초 금속 생산을 초과 달성하고 금과 은의 용해 가능성을 높였습니다. 2025년을 바라보며, GoGold는 Los Ricos South의 최종 타당성 조사를 포함하여 여러 주요 이정표를 예상하고 있으며, 2025년 3월까지 지하 광산 허가 승인이 예상되고, Los Ricos South 건설을 위한 프로젝트 자금 조달 방안을 마련할 예정입니다.
GoGold Resources a annoncé de solides résultats de production pour le 4ème trimestre 2024 avec 551.337 onces équivalentes d'argent, marquant une augmentation de 36%. La production comprenait 226.343 onces d'argent, 3.213 onces d'or, 121 tonnes de cuivre et 161 tonnes de zinc. Le solde de trésorerie de l'entreprise a augmenté de 72 millions de dollars à 76 millions de dollars au cours du trimestre.
L'amélioration des performances est attribuée à l'achèvement du circuit SART Zinc de Parral en 2024, qui a dépassé les attentes en matière de production de métaux de base et a amélioré la lixiviabilité de l'or et de l'argent. En regardant vers 2025, GoGold anticipe plusieurs jalons clés, y compris la publication de l'Étude de Faisabilité Définitive de Los Ricos South, l'approbation prévue du permis de mine souterraine d'ici mars 2025, et les arrangements de financement pour la construction de Los Ricos South.
GoGold Resources berichtete von starken Produktionszahlen für das Q4 2024 mit 551.337 Silberäquivalent-Unzen, was einem Anstieg von 36% entspricht. Die Produktion umfasste 226.343 Silberunzen, 3.213 Goldunzen, 121 Tonnen Kupfer und 161 Tonnen Zink. Der Kassenstand des Unternehmens stieg im Quartal von $72M auf $76M.
Die verbesserte Leistung wird dem Abschluss des SART-Zink-Kreislaufs in Parral im Jahr 2024 zugeschrieben, der die Erwartungen in der Produktion von Grundmetallen übertraf und die Löslichkeit von Gold und Silber verbesserte. Für 2025 erwartet GoGold mehrere wichtige Meilensteine, einschließlich der Veröffentlichung der endgültigen Machbarkeitsstudie für Los Ricos South, der voraussichtlichen Genehmigung des unterirdischen Bergbauplans bis März 2025 und der Projektfinanzierungsvereinbarungen für den Bau von Los Ricos South.
- 36% increase in silver equivalent production to 551,337 ounces in Q4 2024
- Cash balance increased by $4M to $76M in Q4 2024
- SART Zinc circuit exceeding performance expectations
- Advanced stages of discussions with prospective lenders for Los Ricos South project financing
- None.
Shares Outstanding: 330,973,461
Trading Symbols: TSX: GGD
OTCQX: GLGDF
"Parral's SART Zinc circuit, which was completed in 2024, has exceeded expectations on both base metal production and has increased the leachability of gold and silver in the heap as well, which is driving the
- Parral significantly contributing to the growth in our cash balance leading up to and during the anticipated construction at Los Ricos South;
- Release of Los Ricos South's Definitive Feasibility Study ("DFS") expected imminently;
- Our expectation is that we will receive a positive outcome on our permit application for our underground mine at Los Ricos South by the end of March 2025;
- Enter into definitive agreement on project financing for balance of funds required for construction of Los Ricos South, discussions with prospective lenders are positive and are in advanced stages;
- Anticipate a definitive positive construction decision of Los Ricos South after DFS, permits, and financing in place;
- Continue with Los Ricos South near mine exploration, targeting additional growth in resources during the anticipated construction phase of the mine;
- Upgrade the Los Ricos North project with more drilling, advancing engineering and technical reports, with the ultimate objective of proceeding to the mine permitting stage."
Table 1: Quarterly Production Summary
Quarter Ended | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
Silver Production (oz) | 169,443 | 109,016 | 138,657 | 138,708 | 167,001 | 226,343 |
Gold Production (oz) | 1,106 | 1,848 | 2,184 | 2,436 | 2,232 | 3,213 |
Copper Production (tonnes) | 115 | 95 | 93 | 148 | 132 | 121 |
Zinc Production (tonnes) | - | - | 92 | 125 | 100 | 161 |
Silver Equivalent Production (oz)1 | 300,789 | 300,260 | 375,745 | 400,236 | 406,150 | 551,337 |
1. | "Silver equivalent production" include gold ounces and copper tons produced and converted to a silver |
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
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 "
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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SOURCE GoGold Resources Inc.
FAQ
What was GLGDF's silver equivalent production in Q4 2024?
How much did GLGDF's cash balance increase in Q4 2024?
When does GLGDF expect to receive the Los Ricos South underground mine permit?
What impact did the SART Zinc circuit have on GLGDF's production in Q4 2024?
