Gogold Resources - GLGDF STOCK NEWS

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.

GoGold Resources has announced promising results from five new drill holes at the El Favor deposit within the Los Ricos North project. Notable findings include drill hole LRGF-21-052, which intersected 51.3m of 136 g/t silver equivalent, featuring 0.9m of 1,576 g/t AgEq in the newly discovered El Favor East zone. The exploration team plans to continue drilling further east, with additional holes pending assays. GoGold expects these results to significantly contribute to their upcoming resource estimates, highlighting the continued growth potential of their exploration activities.

GoGold Resources Inc. reported positive results from 8 diamond drill holes at the El Orito area of its Los Ricos North project. Notably, hole LRGO-21-052 intersected 1.7m of 1,181 g/t silver equivalent (AgEq) within a broader 38.1m section of 186 g/t AgEq. These findings stem from a recent Induced Polarization geophysical survey, indicating strong mineralization potential. The company plans to continue testing numerous targets in the coming months, enhancing optimism about the project's potential.

GoGold Resources has announced results from 11 new drill holes at the Casados deposit, part of the Los Ricos North project. Drill hole LRGCS-21-056 returned a remarkable 4,367 g/t silver equivalent over 1.0m, within a broader intersection of 45.9m at 259 g/t AgEq. This highlights the area's high-grade intercepts and potential for bulk mining. The company is advancing towards a significant initial resource, with previous successes in their Los Ricos South project indicating a measured and indicated resource of 63.7 million ounces AgEq.

GoGold Resources (OTCQX: GLGDF) reported silver equivalent production of 575,302 ounces for the quarter ending June 30, 2021, driven by 315,632 silver ounces, 3,170 gold ounces, and 120 tonnes of copper. The Parral mine has generated positive free cash flow for ten consecutive quarters, exceeding US$5.5 million this quarter. The company ended the quarter with over US$73 million in cash. Maintaining strong financial health, GoGold is reinvesting cash flow into its Los Ricos projects to drive future growth.

GoGold Resources Inc. has announced significant results from recent drilling at the El Favor deposit within its Los Ricos North project. Drill hole LRGF-21-048 intersected 61.3 meters of 285 g/t silver equivalent, including a notable 1 meter at 5,071 g/t AgEq. This intersection represents some of the highest grades yet observed in the deposit. The company is optimistic that these results will enhance the resource estimates, as ongoing drilling continues to reveal extensive mineralization.