GOGOLD RESOURCES INC ORD - GLGDF STOCK NEWS

GoGold Resources Inc. (OTCQX: GLGDF) announced impressive drilling results from its Los Ricos South project on March 8, 2023. Notably, hole LRGAG-22-125 yielded an interception of 42.3m at 288 g/t silver equivalent (AgEq), including a remarkable 2,017 g/t AgEq over 2.8m. These findings enhance the high-grade area and are expected to positively influence the forthcoming Mineral Resource Estimate and Preliminary Economic Assessment. With ongoing exploration at the Eagle Deposit, the company aims to better delineate high-grade portions that could be mined efficiently.

GoGold Resources Inc. (OTCQX: GLGDF) has released promising drilling results from its Los Ricos South Project. Hole LRGAG-22-113 intersected 16.3m of 605 g/t silver equivalent (AgEq), with a high-grade portion of 6,490 g/t AgEq over 0.8m. The results include significant additional intercepts, contributing to expectations of a positive update on the Mineral Resource Estimate and Preliminary Economic Assessment later this year. The Eagle Deposit, adjacent to the Main Deposit, is showing high-grade intercepts indicative of valuable mineralization, further supporting GoGold's exploration efforts in Mexico.

GoGold Resources Inc. (OTCQX: GLGDF) reported its financial results for the quarter ending December 31, 2022, achieving $8.5 million in revenue from the sale of 411,756 silver equivalent ounces. The company boasts a robust balance sheet with over $100 million in cash following a recent financing deal. Production included 441,217 silver equivalent ounces with adjusted cash costs at $12.89 per ounce. GoGold outlined significant milestones for 2023, including the completion of a Preliminary Economic Assessment at its Los Ricos North project. However, the quarter also saw a net loss of $2.89 million, contrasting with the previous year's loss of $495,000.

GoGold Resources Inc. (OTCQX: GLGDF) announced exceptional drilling results from Los Ricos South, with hole LRGAG-22-218 reporting 55.0m of 2,738 g/t silver equivalent (AgEq) and an astonishing 7.0m of 20,715 g/t AgEq. Notably, a high-grade intercept of 63,658 g/t AgEq was recorded over 2.0m. President Brad Langille emphasized the significance of these results, stating they reflect the district's consistent high grades. The Eagle Deposit continues to show promise for bulk underground mining, bolstered by a robust historical resource estimate of 63.7 million ounces AgEq from earlier evaluation efforts.

GoGold Resources (OTCQX: GLGDF) announced positive drill results from the El Favor East deposit at the Los Ricos North property. Notably, drill hole LRGF-22-147 revealed 1.2m of 4,209 g/t silver equivalent (AgEq) within 19.9m of 436 g/t AgEq. This data, collected from 8 drill holes, will significantly contribute to an upcoming preliminary economic analysis (PEA). The exploration program has extended mineralization 900m east of previous findings, indicating strong potential in this area.

GoGold aims to deliver substantial value to its shareholders through continued exploration and development efforts.

GoGold Resources announced a production increase for Q4 2022, achieving 441,217 silver equivalent ounces, which includes 159,838 silver ounces, 2,399 gold ounces, and 222 tonnes of copper. This represents a 10% increase compared to the previous quarter. CEO Brad Langille highlighted the expertise of the operations team and expressed optimism for 2023, marking the ninth year of production at Parral and indicating significant development plans for Los Ricos. The company aims to enhance its portfolio of low-cost, high-margin projects in Mexico.

GoGold Resources Inc. (OTCQX: GLGDF) is optimistic about 2023, focusing on the development of its Los Ricos projects following significant advancements in 2022, including the acquisition of the Eagle concession. Targeted milestones for 2023 include aggressive drilling, updated Mineral Resource Estimates, pre-feasibility studies, and economic assessments. The Company reported a strong cash position of $73 million USD, enhancing its ability to fund upcoming initiatives. Positive drilling results from 2022 indicate potential for substantial underground mining operations, with considerable silver and gold grades.

GoGold Resources Inc. (TSX: GGD, OTCQX: GLGDF) announced its financial results for the year ended September 30, 2022, reporting revenues of $36 million from 1.7 million silver equivalent ounces sold. The company has a strong balance sheet with $73.3 million in cash and no debt. Key achievements include producing 1.8 million silver equivalent ounces and an adjusted cash cost of $13.35 per ounce. The company aims to further develop the Los Ricos project in 2023, expecting increased resources and a Preliminary Economic Assessment.

GoGold Resources Inc. announced positive results from drilling at the El Favor East deposit within the Los Ricos North property. Drill hole LRGF-22-140 intersected 0.7m of 2,529 g/t silver equivalent (AgEq) within 13.9m of 294 g/t AgEq. Another hole, LRGF-22-137, reported 61.5m of 165 g/t AgEq, including 24.3m at 350 g/t AgEq. These findings bolster confidence in the deposit and pave the way for a preliminary economic assessment anticipated in the first half of 2023.