Sunday, October 19, 2025

Latest

GoGold Resources Sees Silver Equivalent Ounces Production Decline 10%

GoGold Resources (TSX: GGD) this morning provided a brief update to the market in terms of its quarterly production figures for its Parral operation. The operation for the quarter ended March 31, 2021, managed to produce 551,207 silver equivalent ounces.

The silver equivalent ounces reportedly consisted of 302,933 silver ounces, 3,208 gold ounces, and 86 tonnes of copper, with the operation generating free cash flow of an estimated US$5.5 million. That free cash flow has now funded exploration for the firm for three consecutive quarters at its Los Ricos property.

The production figure, despite producing significant cash flow for the firm, however is down 10.2% from the prior quarter, which posted silver equivalent production of 614,149 ounces. Further, the results were the second-worst production figures that the company has seen over the last six quarters, as seen below, with the worst quarter, experienced for the period ended June 30, was a result of a partial operational suspension. No reasoning for the poor results was provided.

Quarter EndedDec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021
Silver Production (oz)379,082365,795270,044300,740298,591302,933
Gold Production (oz)2,4072,3551,9143,4143,6323,208
Copper Production (tonnes)2810412812586
Silver Equivalent Production (oz)1584,988600,697504,4442605,287614,149551,207

GoGold Resources last traded at $2.56 on the TSX.


Information for this briefing was found via Sedar and GoGold Resources. 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

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Exploits Reports 66.3 G/T Silver In Sample At Katie Prospect

Exploits Discovery (CSE: NFLD) has completed an initial reconnaissance program at the firms recently acquired...

Thursday, January 7, 2021, 08:24:45 AM

Max Resource Enters Collaboration Agreement With Major Copper Producer For CESAR Project

Max Resource Corp (TSXV: MXR) made a significant announcement this morning, reporting that the company...

Wednesday, May 13, 2020, 08:18:23 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

Silver: 200% Supply Deficit, Soaring Demand & Shrinking Production

Benoit La Salle, President & CEO of Aya Gold & Silver Inc. (TSX: AYA |...

Wednesday, July 10, 2024, 08:15:00 AM

Alexco Resource Drills 1,681 G/T Silver Over 20.37 Metres At Keno Hill

Alexco Resource Corp. (TSX: AXU) announced today the results from its ongoing Bermingham Northeast Deep...

Tuesday, September 7, 2021, 08:28:37 AM