Sunday, June 1, 2025

Latest

GoGold Sees Production Uptick In June Quarter

Production figures for GoGold Resources (TSX: GGD) appear to be returning slowly to normal levels after two quarters of declining performance. The firm this morning revealed production data for the quarter ended June 30.

Production for the quarter amounted to 213,495 ounces of silver, an improvement over the 186,655 ounces produced in the prior quarter, while gold production grew to 3,081 ounces from 2,791 ounces. In terms of silver equivalents, production rose to 509,796 silver equivalent ounces, an improvement over the 455,991 equivalent ounce figure produced in the first calendar quarter.

On a year over year basis however, production was still down from 575,302 equivalent ounces, with the June quarter of 2021 being the strongest production quarter in the last six quarters.

“Parral production continues to trend higher to normal rates and continues to provide meaningful cash flow contributing to the general and administrative costs and the Los Ricos exploration expenditures,” commented CEO Brad Langille.

The company is currently guiding for production of 2.0 to 2.2 million silver equivalent ounces for the full fiscal year. Production numbers over recent quarters was reportedly impacted by a transition between different zones in a tailings deposit.

GoGold Resources last traded at $1.77 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.

Leave a Reply

Video Articles

How a Single Deal Turned 2 ‘Dead’ Mines into a $2B Project | Canadian Copper PEA – Simon Quick

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Alamos Gold Q1 Earnings: The Inside Scoop

Recommended

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Canadian Copper: The $172M Combined Strategy PEA

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 Hits 17.2 Metres of 186 G/T Silver Equivalent At Los Ricos North

GoGold Resources (TSX: GGD) released additional assay results from its ongoing drill program at the...

Wednesday, November 4, 2020, 08:02:38 AM

GoGold Hits 528.6 G/t Silver Equivalent Over 11.0 Meters At Los Ricos North

GoGold Resources (TSX: GGD) this morning released the first results from exploration program at the...

Wednesday, September 23, 2020, 08:57:49 AM

GoGold Intersects 145.0 G/T Silver Equivalent Over 53.4 Meters At El Orito

GoGold Resources Inc. (TSX: GGD) reported today the results from eight diamond drill holes at...

Wednesday, May 19, 2021, 10:13:00 AM

GoGold Reports US$355 Million After-Tax Net Present Value For Los Ricos South In Feasibility Study

GoGold Resources (TSX: GGD) has released a feasibility study for its Los Ricos South Project...

Thursday, January 16, 2025, 08:20:19 AM