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Golconda Gold Ltd. Releases Financial and Operating Results for Q3 2025
TORONTO, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Golconda Gold Ltd. (“ Golconda Gold &#x...
About this update from Golconda Gold Ltd
[{"type":"text","content":"Golconda Gold Ltd. Releases Financial and Operating Results for Q3 2025 \n\n\n\n TORONTO, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Golconda Gold Ltd. (“\n \n Golconda\n \n\n Gold\n \n ” or the “\n \n Company\n \n ”) (TSX-V: GG; OTCQB: GGGOF) is pleased to announce the release of its financial and operating results for the three and nine months ended September 30, 2025.\n \n\n A copy of the unaudited condensed consolidated interim financial statements for the three and nine months ended September 30, 2025, prepared in accordance with International Financial Reporting Standards, and the corresponding management’s discussion and analysis (the “\n \n MD&A\n \n ”), are available under the Company’s profile on\n \n www.sedarplus.ca\n \n . All references to “$” in this press release refer to United States dollars.\n \n\n\n Third Quarter 2025 (“Q3 2025”) Highlights:\n \n\n\n\n mined 40,503 tonnes of ore from its Galaxy and Princeton ore bodies at an average grade of 3.31 grammes per tonne (g/t) compared to 31,481 tonnes at 3.67 g/t in the three months ended June 30, 2025 (“\n \n Q2 2025\n \n ”), an increase of 29% in ore mined;\n \n\n produced 3,229 tonnes of concentrate at an average grade of 34.6 g/t containing 3,588 ounces of gold compared to 2,480 tonnes at 38.0 g/t containing 3,030 ounces of gold in Q2 2025, an increase of 18% in gold production;\n \n\n generated revenue of $9.0 million from the sale of 2,747 payable ounces of gold at a price of $3,385 per ounce and an operating cash cost of $1,530 per payable ounce, compared to revenue of $7.7 million at an operating cash cost of $1,436 per payable ounce in Q2 2025\n \n (1)\n \n ; and\n \n\n repaid $500,000 of short-term loans and borrowings, representing the final repayment on the Company’s concentrate pre-payment facility.\n \n\n\n Golconda Gold CEO, Ravi Sood commented: “Galaxy continued its production ramp-up in Q3 2025 achieving record quarterly gold production, up 18% compared to Q2 2025 and up 51% compared to Q3 2024. Cash generation continued to increase enabling the Company to invest in its production ramp-up while also paying down debt.   Significant progress was made during the quarter on refurbishment of the sub-vertical shaft and 26 level of Galaxy, w...