GoGold Reports Q2 Production at Parral to 555,479 Silver Equivalent Ounces
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) ha riportato i risultati di produzione del secondo trimestre 2025 dall'operazione di Parral, raggiungendo 555.479 once equivalenti d'argento. La suddivisione della produzione include 210.289 once d'argento, 3.279 once d'oro, 117 tonnellate di rame e 157 tonnellate di zinco.
Il CEO Brad Langille ha sottolineato che Parral continua a garantire una produzione trimestrale stabile con flussi di cassa attesi simili a quelli del trimestre precedente. L'azienda prevede di utilizzare questo flusso di cassa per finanziare ulteriori esplorazioni a Los Ricos South mentre attende i permessi minerari. Un recente finanziamento azionario completato, combinato con il flusso di cassa di Parral, rafforza il loro bilancio per la prossima costruzione della miniera di Los Ricos South e fornisce flessibilità per avanzare con Los Ricos North.
GoGold Resources (TSX: GGD) (OTCQX: GLGDF) ha informado sobre sus resultados de producción del segundo trimestre de 2025 desde la operación de Parral, alcanzando 555,479 onzas equivalentes de plata. La desagregación de la producción incluye 210,289 onzas de plata, 3,279 onzas de oro, 117 toneladas de cobre y 157 toneladas de zinc.
El CEO Brad Langille destacó que Parral sigue ofreciendo una producción trimestral estable con flujos de efectivo esperados similares a los del trimestre anterior. La compañía planea utilizar este flujo de efectivo para financiar una exploración adicional en Los Ricos South mientras espera los permisos mineros. Un financiamiento de capital recientemente completado, combinado con el flujo de efectivo de Parral, fortalece su balance para la próxima construcción de la mina de Los Ricos South y proporciona flexibilidad para avanzar en Los Ricos North.
GoGold Resources (TSX: GGD) (OTCQX: GLGDF)는 Parral 운영에서 2025년 2분기 생산 결과를 보고하며 555,479 온스의 은 등가량을 달성했다고 발표했습니다. 생산 내역은 210,289 온스의 은, 3,279 온스의 금, 117톤의 구리 및 157톤의 아연을 포함합니다.
CEO 브래드 랑길은 Parral이 이전 분기와 유사한 예상 현금 흐름으로 안정적인 분기별 생산을 계속 제공하고 있다고 강조했습니다. 회사는 이 현금 흐름을 이용해 Los Ricos South에서 추가 탐사를 자금 지원할 계획이며, 채굴 허가를 기다리고 있습니다. 최근 완료된 주식 자금 조달과 Parral의 현금 흐름이 결합되어 Los Ricos South 광산 건설을 위한 재무 상태를 강화하고 Los Ricos North를 진행할 수 있는 유연성을 제공합니다.
GoGold Resources (TSX: GGD) (OTCQX: GLGDF) a rapporté ses résultats de production pour le deuxième trimestre 2025 de l'opération de Parral, atteignant 555 479 onces équivalentes d'argent. La répartition de la production comprend 210 289 onces d'argent, 3 279 onces d'or, 117 tonnes de cuivre et 157 tonnes de zinc.
Le PDG Brad Langille a souligné que Parral continue d'offrir une production trimestrielle stable avec des flux de trésorerie attendus similaires à ceux du trimestre précédent. L'entreprise prévoit d'utiliser ce flux de trésorerie pour financer des explorations supplémentaires à Los Ricos South tout en attendant les permis miniers. Un financement par actions récemment achevé, combiné avec le flux de trésorerie de Parral, renforce leur bilan pour la construction imminente de la mine de Los Ricos South et offre une flexibilité pour avancer avec Los Ricos North.
GoGold Resources (TSX: GGD) (OTCQX: GLGDF) hat die Produktionszahlen für das zweite Quartal 2025 aus dem Parral-Betrieb veröffentlicht und 555.479 Silberäquivalent-Unzen erreicht. Die Produktionsaufteilung umfasst 210.289 Silberunzen, 3.279 Goldunzen, 117 Tonnen Kupfer und 157 Tonnen Zink.
CEO Brad Langille hob hervor, dass Parral weiterhin eine stabile vierteljährliche Produktion mit erwarteten Cashflows ähnlich dem vorherigen Quartal liefert. Das Unternehmen plant, diesen Cashflow zu nutzen, um zusätzliche Erkundungen in Los Ricos South zu finanzieren, während es auf Bergbaugenehmigungen wartet. Eine kürzlich abgeschlossene Eigenkapitalfinanzierung, kombiniert mit dem Cashflow von Parral, stärkt ihre Bilanz für den bevorstehenden Bau der Los Ricos South Mine und bietet Flexibilität für die Weiterentwicklung von Los Ricos North.
- Stable quarterly production with 555,479 silver equivalent ounces
- Consistent cash flow generation from Parral operations
- Successfully completed equity financing strengthening balance sheet
- Gold production increased to 3,279 ounces from 3,213 in previous quarter
- Silver production declined 7.1% from 226,343 oz in Q4 2024 to 210,289 oz in Q1 2025
- Copper production decreased from 121 tonnes to 117 tonnes quarter-over-quarter
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
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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 |
- "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: steve@gogoldresources.com
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247855
FAQ
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