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Golconda Gold Releases Q1 2026 Production Update and Announces Record Quarterly Production at the Galaxy Gold Mine
TORONTO, April 14, 2026 (GLOBE NEWSWIRE) -- Golconda Gold Ltd. (“Golconda Gold” or ...
About this update from Golconda Gold Ltd
[{"type":"text","content":"Golconda Gold Releases Q1 2026 Production Update and Announces Record Quarterly Production at the Galaxy Gold Mine\nTORONTO, April 14, 2026 (GLOBE NEWSWIRE) -- Golconda Gold Ltd. (“Golconda Gold” or the “Company”) (TSX-V: GG; OTCQX: GGGOF) is pleased to announce record quarterly production of 3,693 ounces of gold for the first quarter of 2026 (“Q1”) at its Galaxy Gold Mine (“Galaxy”), a 7% increase in gold production compared to Q4 2025 and a 25% increase on Q1 2025. The Q1 production numbers are as follow: Mining  Q12026Q42025FY2025Q12025PrincetonOre Mined(t)17,95316,30759,4288,472Ore Grade(g/t)3.414.183.883.50Waste(t)274313952124GalaxyOre Mined(t)26,08919,76676,00018,899Ore Grade(g/t)2.772.813.133.46Waste(t)1288737189TotalOre Mined(t)44,04236,073135,42827,371Ore Grade(g/t)3.033.433.463.47Waste(t)4024001,323213 Processing  Q12026Q42025FY2025Q12025Concentrate produced (t)4,4223,29911,2892,281Concentrate grade (g/t)26.032.635.940.2Gold produced (oz)3,6933,45513,0202,947        Golconda Gold CEO, Ravi Sood commented: “We had a strong first quarter of 2026, with increases seen in ore mined, development and gold production compared to Q4 2025. Mining at Galaxy 26 Level continued its ramp-up, adding a fourth working area to the mine, which is expected to further increase gold production going forward.(1) Q1 2026 was a record at Galaxy for quarterly gold production and the strong gold price enabled us to generate significant cash flow, enabling us to continue investing in Galaxy while bolstering our balance sheet. We are pleased to announce that we ended Q1 2026 debt-free following repayment of the short-term loan note.” About Golconda Gold Golconda Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. Golconda Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol “GG” and the OTCQX under the symbol “GGGOF”. Golconda Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Golconda Gold is committed to operating at the highest st...