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GoGold Releases Financial Results for Q1 2025 including Record $19.1 Million Revenue at Parral and Announces New Director
Halifax, Nova Scotia--(Newsfile Corp. - February 12, 2025) - GoGold Resources Inc. (TSX: GGD) (O...
About this update from Gogold Resources, Inc.
[{"type":"text","content":"GoGold Releases Financial Results for Q1 2025 including Record $19.1 Million Revenue at Parral and Announces New DirectorHalifax, Nova Scotia--(Newsfile Corp. - February 12, 2025) - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (\"GoGold\", \"the Company\") announces the financial results for the quarter ending December 31, 2024, with Parral generating record revenue of $19.1 million (all amounts are in U.S. dollars) from the sale of a record 625,972 silver equivalent ounces.\"Parral generated significant cash flows for the Company during the quarter which helped us increase our cash balance by over $4 million. As Parral approaches the anniversary of eleven years of production, it has had a record quarter for revenue generation, exceeding the old record by over $4 million. This is a strong indication that our SART Zinc circuit added last year at a cost of $2 million is truly paying off,\" said Brad Langille, President and CEO. \"We believe Parral will prove to be a significant source of additional capital as we embark on anticipated construction of Los Ricos South.\"Highlights for the quarter ending December 31, 2024:Cash of $76.0 million USD, an increase of $4.3 million during the quarterCash flow from operations of $7.9 millionRecord revenue of $19.1 million on the sale of 625,972 silver equivalent ounces at an average realized price per ounce of $30.51 USDProduction of 551,337 silver equivalent ounces, consisting of 226,343 silver ounces, 3,213 gold ounces, 121 copper tonnes, 161 zinc tonnesAdjusted cash cost per silver equivalent ounce of $19.33Adjusted all in sustaining cost per silver equivalent ounce of $22.45Following are tables showing summarized financial information and key performance indicators:Summarized Consolidated Financial InformationThree months ended Dec 31(in thousands USD, except per share amounts)20242023Revenue$19,098$6,799Cost of sales, including depreciation13,5196,067Operating income (loss)3,668(1,609)Net (loss) income(136)192Basic net income (loss) per share(0.000)0.001Cash flow provided by (used in) operations7,868(3,027) Key Performance Indicators1Three months ended Dec 31(in thousands USD, except per ounce amounts)20242023Total tonnes stacked415,161373,884Silver equivalent ounces sold625,972305,087Adjusted AISC per silver equivalent ounce2$22.45$24.64Adjusted Cash cost per silver equivalent ...