GoGold Reports Quarterly Production at Parral of 406,150 Silver Equivalent Ounces
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) ha riportato una produzione di 406.150 once equivalenti d'argento per il trimestre conclusosi il 30 settembre 2024. Questo include 167.001 once d'argento, 2.232 once d'oro, 132 tonnellate di rame e 100 tonnellate di zinco. L'azienda ha registrato un crescita continua della produzione e un sostanziale aumento a settembre, con la pila che ha raggiunto un equilibrio a un livello in grado di generare un significativo flusso di cassa libero per quel mese.
L'aggiunta del circuito di zinco e altre ottimizzazioni ha portato a un prodotto zinco vendibile, al riciclo del cianuro associato e a un miglioramento della lisciviazione di oro e argento. Mentre GoGold completa l'ingegneria finale e anticipa l'emissione di un permesso per la miniera sotterranea di Los Ricos South, Parral dovrebbe contribuire in modo significativo al flusso di cassa dell'azienda in futuro.
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) informó una producción de 406,150 onzas equivalentes de plata para el trimestre que terminó el 30 de septiembre de 2024. Esto incluye 167,001 onzas de plata, 2,232 onzas de oro, 132 toneladas de cobre y 100 toneladas de zinc. La compañía observó un crecimiento continuo de la producción y un aumento sustancial en septiembre, con la pila alcanzando un equilibrio a un nivel que genera un flujo de caja libre significativo para ese mes.
La adición del circuito de zinc y otras optimizaciones ha resultado en un producto de zinc vendible, el reciclaje de cianuro asociado y una mejor lixiviación de oro y plata. A medida que GoGold completa la ingeniería final y anticipa la emisión de un permiso para la mina subterránea de Los Ricos South, se espera que Parral contribuya de manera significativa al flujo de caja de la compañía en el futuro.
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)는 2024년 9월 30일로 끝나는 분기 동안 406,150 온스의 은 등가물을 생산했다고 보고했습니다. 여기에는 167,001 온스의 은, 2,232 온스의 금, 132톤의 구리 및 100톤의 아연이 포함됩니다. 회사는 지속적인 생산 성장을 목격했으며, 9월에 상당한 증가를 기록했습니다. 재고가 자유 현금 흐름을 발생시키는 수준에서 균형을 이루었습니다.
아연 회로와 기타 최적화의 추가로 인해 판매 가능한 아연 제품이 생기고, 관련 시안화물의 재활용 및 금과 은의 침출이 개선되었습니다. GoGold가 최종 엔지니어링을 마무리하고 Los Ricos South 지하 광산에 대한 허가 발급을 예상하면서, Parral은 회사의 현금 흐름에 의의 있는 기여를 할 것으로 기대됩니다.
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) a rapporté une production de 406,150 onces équivalentes en argent pour le trimestre se terminant le 30 septembre 2024. Cela inclut 167,001 onces d'argent, 2,232 onces d'or, 132 tonnes de cuivre et 100 tonnes de zinc. L'entreprise a enregistré une croissance continue de la production et une augmentation substantielle en septembre, la montagne ayant atteint un équilibre à un niveau générant un flux de trésorerie libre significatif pour ce mois-là.
L'ajout du circuit de zinc et d'autres optimisations a abouti à un produit de zinc vendable, au recyclage du cyanure associé et à une amélioration de la lixiviation d'or et d'argent. Alors que GoGold finalise l'ingénierie et anticipe la délivrance d'un permis pour la mine souterraine de Los Ricos South, Parral devrait contribuer de manière significative au flux de trésorerie de l'entreprise dans le futur.
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) berichtete für das am 30. September 2024 endende Quartal von einer Produktion von 406.150 Silberäquivalentunzen. Dies umfasst 167.001 Silberunzen, 2.232 Goldunzen, 132 Tonnen Kupfer und 100 Tonnen Zink. Das Unternehmen verzeichnete ein fortlaufendes Produktionswachstum und einen erheblichen Anstieg im September, wobei der Heap ein Gleichgewicht auf einem Niveau erreichte, das für diesen Monat signifikante freie Cashflows erzeugt.
Die Hinzufügung des Zinkzirkels und anderer Optimierungen führte zu einem verkaufsfähigen Zinkprodukt, zur Wiederverwertung von associiertem Cyanid und zu einer verbesserten Laugung von Gold und Silber. Während GoGold die endgültige Ingenieurausarbeitung abschließt und die Erteilung einer Genehmigung für die unterirdische Mine Los Ricos South antizipiert, wird erwartet, dass Parral zukünftig erheblich zum Cashflow des Unternehmens beiträgt.
- Production growth with 406,150 silver equivalent ounces in Q3 2024
- Substantial increase in production in September, generating significant free cash flow
- Zinc circuit addition improved leaching of gold and silver
- Anticipating permit issuance for Los Ricos South underground mine
- Annual silver equivalent production decreased from 1,517,264 oz in 2023 to 1,482,406 oz in 2024
Shares Outstanding: 329,527,261
Trading Symbols: TSX: GGD
OTCQX: GLGDF
"The quarter yielded continuing production growth, and more importantly we saw a substantial increase in production in the month of September where the heap achieved equilibrium at a level generating significant free cash flow for that month. The addition of the zinc circuit, along with other optimizations, has not only paid off in a saleable zinc product and recycling of the associated cyanide, but also it appears that it has improved the leaching of gold and silver," Brad Langille, President and CEO stated. "As we complete final engineering and anticipate the issuance of our permit for the Los Ricos South underground mine, we see Parral adding meaningfully to our cash flow on a go-forward basis."
Table 1: Quarterly Production Summary
Quarter Ended | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
Silver Production (oz) | 203,894 | 169,443 | 109,016 | 138,657 | 138,708 | 167,001 |
Gold Production (oz) | 1,512 | 1,106 | 1,848 | 2,184 | 2,436 | 2,232 |
Copper Production (tonnes) | 135 | 115 | 95 | 93 | 148 | 132 |
Zinc Production (tonnes) | - | - | - | 92 | 125 | 100 |
Silver Equivalent Production (oz)1 | 375,112 | 300,789 | 300,260 | 375,745 | 400,236 | 406,150 |
1. | "Silver equivalent production" include gold ounces and copper tons produced and converted to a silver |
Table 2: Annual Production Summary
Quarter Ended | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 |
Silver Production (oz) | 1,059,438 | 1,315,661 | 1,138,358 | 741,772 | 706,891 | 553,381 |
Gold Production (oz) | 9,149 | 10,089 | 13,447 | 10,708 | 7,032 | 8,700 |
Copper Production (tonnes) | - | 260 | 470 | 469 | 615 | 468 |
Zinc Production (tonnes) | - | - | - | - | - | 316 |
Silver Equivalent Production (oz)1 | 1,847,835 | 2,295,416 | 2,270,073 | 1,810,326 | 1,517,264 | 1,482,406 |
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
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.
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