Welcome to our dedicated page for Gogold Resources news (Ticker: GLGDF), a resource for investors and traders seeking the latest updates and insights on Gogold Resources stock.
News and updates for GoGold Resources Inc. (OTCQX: GLGDF) center on its silver and gold operations and projects in Mexico. The company’s releases describe ongoing production from the Parral Tailings mine in Chihuahua, as well as exploration and development activity at the Los Ricos South and Los Ricos North projects in Jalisco.
Investors following GLGDF news can review regular production reports from Parral, where GoGold discloses silver equivalent ounces produced and sold, along with underlying silver, gold, copper and zinc outputs. These updates often include commentary on how Parral’s cash flow supports project spending and corporate costs.
GoGold also issues quarterly and annual financial results that summarize revenue, operating income, net income and cash flow from operations. These releases describe how non-GAAP measures such as adjusted cash costs per ounce and adjusted all-in sustaining costs per ounce are used to analyze mine performance, with references to detailed reconciliations in management’s discussion and analysis.
Another key theme in the company’s news is exploration and technical progress at Los Ricos South. GoGold publishes assay results from drilling in zones such as Eagle, Abra, South Abra, Los Lamas and Cerro Colorado, along with information on geophysical surveys and geotechnical drilling that support resource definition and mine planning.
Capital markets activity also appears in GLGDF news, including bought deal equity financings intended to fund exploration and development at Los Ricos and for general corporate purposes, as well as participation in investment conferences focused on metals and mining. For a consolidated view of these developments, this news page brings together GoGold’s production updates, financial disclosures, project drilling results and financing announcements in one place.
GoGold Resources (GLGDF) announced promising drill results from 6 holes at the El Favor East deposit in the Los Ricos North property. Notably, hole LRGF-22-118 revealed 2.0m of 1,124 g/t silver equivalent (AgEq) within a broader intersection of 18.8m at 203 g/t AgEq. This indicates the potential for significant mineralization as drilling shows a 900m extension of mineralization in the eastern area. The company is focusing on further exploration, expecting updates on their ongoing Gran Cabrera program and land consolidation efforts soon.
GoGold Resources Inc. (TSX: GGD, OTCQX: GLGDF) announced positive metallurgical testing results for its Los Ricos South deposit. The successful completion of the Pre-Feasibility Study (PFS) optimization at SGS Laboratories indicates high gold and silver recoveries of 92-97% and 82-88%, respectively. The PFS activities are progressing, focusing on process design and major equipment sizing. With resource expansion efforts, the company has increased its mineral concessions from 29 to 44. The ongoing testing aims to enhance cost efficiency through the SART technology for cyanide recovery.
GoGold Resources announced second fiscal quarter results for 2022, reporting $10.3 million in revenue from 443,942 silver equivalent ounces sold at a realized price of $23.28 per ounce. The company generated $4.4 million in free cash before working capital changes. Total cash reserves stood at $83.3 million. Production decreased due to transitioning tailings zones, impacting leaching efficiency. Cash investment in heap inventory was $3.1 million, expected to benefit future production. The company drilled 21,052 metres during the quarter, as part of its ongoing exploration activities.
GoGold Resources has announced its quarterly production results for the period ending March 31, 2022, reporting a total of 455,991 silver equivalent ounces. This includes 186,655 silver ounces, 2,791 gold ounces, and 125 tonnes of copper. The Parral mine continues to generate significant cash flow, supporting operational costs and exploration budgets for the Los Ricos project. The release highlights the company's focus on enhancing shareholder value through its ongoing projects in Mexico.
GoGold Resources announced the results of its annual and special meeting held on March 24, 2022. Shareholders re-elected six directors, including John Turner and Phillip Gaunce, with voting support ranging from 66.99% to 100%. KPMG was re-appointed as auditors. The omnibus equity incentive plan received 64.88% approval, while the unallocated options under the stock option plan secured 94.64% approval. The company is focused on gold and silver production in Mexico, operating the Parral Tailings mine and exploring new projects in Jalisco.
GoGold Resources Inc. announced promising drilling results from the Mololoa deposit in Los Ricos North, with drill hole LRGM-21-104 yielding 1.1m of 4,366 g/t silver equivalent over 33.4m of 317 g/t AgEq. The results showcase significant high-grade intercepts and the potential for bulk mineable material. The company aims to expand its mineral resources aggressively in 2022, leveraging these findings to support ongoing exploration efforts.
GoGold Resources Inc. announced promising drill results from El Favor East, showing 1,695 g/t AgEq over 0.9m and 136 g/t AgEq over 45.5m. The results are from 5 drill holes, with plans for future resource updates. CEO Brad Langille emphasized the high-grade intercepts and potential for resource expansion. The company's exploration in the Los Ricos North project continues to produce significant findings, enhancing the overall mineral resource estimates, which are expected to be updated in the near future.
GoGold Resources (OTCQX: GLGDF) reported its Q1 2022 financial results, revealing $8.9 million in revenue from 401,214 silver equivalent ounces sold at a realized price of $22.07 per ounce. Free cash generated was $3.4 million, despite a decrease in production due to transitioning to a new operational zone. The Company invested $5.8 million in drilling and exploration, marking a strong focus on the Los Ricos district. Cash reserves stood at $55.8 million, indicating a stable financial position.
GoGold Resources announced encouraging drill results from El Favor East in the Los Ricos North project, with hole LRGF-21-107 intersecting 1.0m of an astonishing 11,307 g/t AgEq within 21.2m of 1,079 g/t AgEq. The drill program aims to expand resources by targeting both up-dip and down-dip zones. The company plans to continue aggressive resource expansion throughout 2022, capitalizing on high-grade mineralization evident in recent drill results. All data will contribute to a future resource update.
GoGold Resources (OTCQX: GLGDF) announced promising drilling results from the Mololoa deposit in Los Ricos North. Key intersections include 5,879 g/t AgEq over 1.0m within 14.6m of 877 g/t AgEq and 8,073 g/t AgEq over 0.6m within 5.3m of 1,286 g/t AgEq. President and CEO Brad Langille noted that these results represent some of the highest grades in the project, boosting expectations for additional resource ounces in 2022. The company plans 100,000m of further drilling following their recent mineral resource estimate release.