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GoGold Resources Inc. (GLGDF) is a Canadian-based silver and gold producer with operations in Mexico. The company operates the Parral Tailings mine in Chihuahua and has exploration projects in Jalisco. GoGold focuses on developing and acquiring high-quality projects, with a strong balance sheet and significant milestones achieved in recent years. They are well-positioned for growth with a focus on becoming a low-cost silver producer.
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GoGold Resources Inc. announces the re-election of directors at the annual meeting of shareholders. John Turner, Bradley Langille, Phillip Gaunce, George Waye, Terrence Cooper, and Karen Flores were re-elected. KPMG LLP was re-appointed as the auditors.
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GoGold Resources Inc. announces financial results for the quarter ending December 31, 2023, with Parral generating $6.8 million from the sale of 305,087 silver equivalent ounces. The company anticipates increased free cash flow and production at Parral after the completion of the SART Zinc circuit commissioning. The technical team is working on the definitive feasibility study and front-end engineering design for Los Ricos South, aiming for completion within the first six months of 2024. The company reported cash of $88.8 million USD, revenue of $6.8 million, net income of $192,000, and production of 300,260 silver equivalent ounces. However, the net loss for the quarter was $192,000. The adjusted cash cost per silver equivalent ounce was $16.83, and the adjusted all in sustaining cost per silver equivalent ounce was $24.64.
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GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) announces a transformative 2024 outlook, including completion of SART Zinc circuit, advancing Los Ricos South to a definitive feasibility study, and assessing debt financing options.
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GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) announces financial results for the year ending September 30, 2023, with $30 million revenue from the sale of 1.4 million silver equivalent ounces. The company also highlights a strong balance sheet with $95 million USD, including advancements in the preliminary economic assessments at Los Ricos North and South.
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GoGold Resources Inc. has filed a preliminary economic assessment (PEA) technical report for their Los Ricos South Project in Mexico. The PEA highlights include an after-tax net present value of $458 million with an after-tax internal rate of return of 37% and an 11-year mine life producing a total of 88 million payable silver equivalent ounces.
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GoGold Resources Inc. announces production for the quarter ending September 30, 2023. The completion of the zinc circuit in the SART plant at Parral is expected to generate approximately $500,000 per month for cash flow and improve precious metals recovery. Production during the quarter was 300,789 silver equivalent ounces, consisting of 169,443 silver ounces, 1,106 gold ounces, and 115 tonnes of copper.
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GoGold Resources Inc. reports additional excellent drilling results from the Main area of Los Ricos South, including high-grade intercepts. The results are expected to have a positive impact on the upcoming updated Resource and Preliminary Economic Assessment. The updated resource is set to be released by the end of the summer.
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FAQ
What is the current stock price of GOGOLD RESOURCES ORD (GLGDF)?
The current stock price of GOGOLD RESOURCES ORD (GLGDF) is $0.7775 as of December 20, 2024.
What is the market cap of GOGOLD RESOURCES ORD (GLGDF)?
The market cap of GOGOLD RESOURCES ORD (GLGDF) is approximately 280.6M.
Where is GoGold Resources Inc. based?
GoGold Resources Inc. is headquartered in Halifax, NS, Canada.
What are the main operations of GoGold Resources Inc.?
The company is focused on operating, developing, exploring, and acquiring high-quality silver and gold projects in Mexico.
What projects does GoGold Resources Inc. have in Mexico?
GoGold Resources Inc. operates the Parral Tailings mine in Chihuahua and has exploration projects in the state of Jalisco.
What is the strategic focus of GoGold Resources Inc.?
GoGold Resources Inc. aims to become a low-cost silver producer, with a strong balance sheet and a portfolio of high-margin projects.
Who is the President and CEO of GoGold Resources Inc.?
Brad Langille is the President and CEO of GoGold Resources Inc.
What are some recent achievements of GoGold Resources Inc.?
In recent years, GoGold Resources Inc. has achieved significant milestones, including the development of the Los Ricos district and completion of economic assessments.
What type of mining operation does GoGold Resources Inc. focus on?
GoGold Resources Inc. focuses on silver and gold production with a portfolio of projects aimed at low-cost, high-margin operations.
How can I stay informed about the latest news from GoGold Resources Inc.?
To stay informed about GoGold Resources Inc.'s latest news and developments, visit their website or follow their press releases.
What are the future plans of GoGold Resources Inc.?
GoGold Resources Inc. plans to complete feasibility studies, advance technical work on projects, and focus on becoming a substantial low-cost silver producer.
Who is the qualified person responsible for technical information related to GoGold Resources Inc.?
Mr. Robert Harris, P.Eng., is the qualified person responsible for technical information related to GoGold Resources Inc.
GOGOLD RESOURCES INC ORD
OTC:GLGDF
GLGDF Rankings
GLGDF Stock Data
280.58M
304.31M
6.41%
28.8%
Other Precious Metals & Mining
Basic Materials
United States of America
Halifax