GOGOLD RESOURCES INC ORD - GLGDF STOCK NEWS

GoGold Resources has reported significant developments at the El Favor East zone, extending its mineralized area by over 450 meters. Drill hole LRGF-21-076 yielded an impressive 3,034 g/t silver equivalent over 0.8 meters, while LRGF-21-075 showed 24.2 meters averaging 139 g/t AgEq. The exploration continues 900 meters east of the original discovery, indicating strong mineralization that may influence the upcoming initial resource estimate for Los Ricos North. GoGold plans an extensive drilling program, targeting over 100,000 meters in 2021.

GoGold Resources announced production results for the fiscal year ending September 30, 2021, achieving 2.27 million silver equivalent ounces and generating over $22 million in free cash flow. Quarterly production reached 526,044 AgEq ounces, with a notable increase in copper production to 138 tonnes. The year maintained production stability similar to the prior year, highlighting operational efficiency. GoGold plans to reinvest free cash flow into the Los Ricos project, aiming for significant value growth for shareholders.

GoGold Resources Inc. has announced significant drilling results from the Mololoa area within Los Ricos North, showcasing high-grade silver and gold intersections. Notably, drill hole LRGM-21-006 yielded 1,956 g/t AgEq over 1.0m, with a 6.1m total intercept at 526 g/t AgEq. The drilling confirms the potential for adding valuable resources to the upcoming initial assessment for Los Ricos North. CEO Brad Langille highlighted the presence of vein structures and intends to explore beyond previously mined areas for further mineralization.

GoGold Resources Inc. has announced the results from 8 new drill holes at its Los Ricos North project, specifically the El Favor East zone. Notable intersections include drill hole LRGF-21-066, which showed 0.8m at 2,274 g/t silver equivalent within a broader 108.0m of 59 g/t AgEq. Another highlight is LRGF-21-069, with 58.8m of 111 g/t AgEq. The company plans to incorporate El Favor East into its upcoming resource estimate. Drilling continues with strong mineralization observed, indicating significant exploration potential in the area.

GoGold Resources Inc. announced promising drill results from the El Favor deposit in the Los Ricos North project. Drill hole LRGF-21-060 intersected 82.9m at 265 g/t AgEq, including a high-grade section of 8.1m at 1,127 g/t AgEq. The results indicate significant mineralization and potential for resource expansion. Further drilling continues in the El Favor East zone with positive findings anticipated. GoGold's exploration program aims to exceed 100,000 metres in 2021, enhancing its position in the silver and gold market.

GoGold Resources (OTCQX: GLGDF) has announced promising results from six diamond drill holes at the El Orito area within its Los Ricos North project. Notably, hole LRGO-21-062 intersected 1.2m of 1,197 g/t AgEq, part of a broader intersection of 73.7m of 101 g/t AgEq. The company continues to conduct an Induced Polarization survey to map mineralization. Exploration efforts indicate strong potential for resource expansion, particularly in the El Favor east zone. The total strike length of the El Orito-El Favor structure now exceeds 2,500 meters with open-ended mineralization profiles.

GoGold Resources Inc. (OTCQX: GLGDF) announced promising drill results from the Casados deposit in its Los Ricos North project. Notable findings include drill hole LRGCS-21-053, which returned 3,435 g/t silver equivalent (AgEq) over 1.0m within a broader intersection of 41.6m at 312 g/t AgEq. The company is advancing towards its initial resource estimate this fall and is actively working on resource modeling for the project. Geologically, the Casados Veins are identified as low sulphidation epithermal quartz veins, further enhancing the project's exploration potential.

GoGold Resources reported record revenue of $15 million for the quarter ending June 30, 2021, driven by the sale of 563,401 silver equivalent ounces. The company generated $7.5 million in free cash flow from its Parral operation, totaling $27.1 million over the past year. Adjusted net income reached $3.9 million, despite a one-time loss of $3.4 million related to an amended off-take agreement. The company maintains healthy cash reserves of $73.5 million and continues to reinvest in its Los Ricos project, further enhancing shareholder value.

GoGold Resources Inc. has appointed Karen Flores to its Board of Directors as of August 4, 2021, pending regulatory approval. Ms. Flores, recognized by Forbes Mexico as one of the 100 Most Powerful Women in the country, brings over 15 years of mining sector experience. She is the CEO of the Mining Chamber of Mexico and has previously held significant roles including Corporate and Government Relations head at Agnico Eagle. The Company expects her expertise in governmental, industry, and community relations will enhance its environmental, social, and governance (ESG) practices.