GoGold Produces 2.3 Million Silver Equivalent Ounces In Fiscal Year 2021 At Parral Tailings Mine

GoGold Resources Inc. (TSX: GGD) reported this morning the production results for the fiscal year ending September 30, 2021 at its Parral Tailings mine in the state of Chihuahua, Mexico. The annual results highlighted a silver equivalent production of 2.27 million ounces, marginally lower than the previous year’s 2.30 million ounces.

The annual production of silver equivalent consists of 1.14 million silver ounces, 13,447 gold ounces, and 470 copper tonnes.

On a quarterly basis, Parral produced 526,044 silver equivalent ounces for the three-month period ending September 30, 2021, compared to the previous quarter’s production of 575,302 silver equivalent ounces and the previous year’s 605,287 silver equivalent ounces.

“Parral in 2021 proved to be a very stable operation, producing 2.3 million silver equivalent ounces similar to the prior year, and generated in excess of $US 22 million in free cash flow over the year,” said GoGold CEO Brad Langille.

The mining firm said that the reinvestment of the cash flow generated into the Los Ricos project is going to generate “exceptional value growth for [its] shareholders”.

In September 2021, the company reported assay results from the newly-drilled Mololoa deposit at the Los Ricos North project, highlighting an intersect of 1,956.3 g/t silver equivalent over 1.0 metre within a larger interval of 525.7 g/t silver equivalent over 6.1 metres.

GoGold Resources Inc. last traded at $2.88 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Emerita Resources Intersects Further Mineralization At El Cura, Expanding Deposit

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

Related News

GoGold Intersects 61.4 Metres Of 204 G/T Silver Equivalent At Los Ricos North

GoGold Resources (TSX: GGD) has released further assays in what has become a slow release...

Wednesday, December 9, 2020, 08:46:51 AM

GoGold Sees Production Uptick In June Quarter

Production figures for GoGold Resources (TSX: GGD) appear to be returning slowly to normal levels...

Wednesday, July 13, 2022, 08:29:33 AM

GoGold Reports Net Present Value Of US$295 Million For Los Ricos South Project

GoGold Resources (TSX: GGD) this morning released the results of a preliminary economic assessment of...

Wednesday, January 20, 2021, 07:15:20 AM

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

In this interview, Brad Langille, President & CEO of GoGold Resources Inc. (TSX: GGD), talks...

Monday, July 14, 2025, 02:59:00 PM

BMO Cuts GoGold’s Price Target Due To Market Headwinds

On July 13, GoGold Resources (TSX: GGD) announced their second quarter production results. The company...

Friday, July 15, 2022, 11:51:00 AM