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GoGold Releases Financial Results for Q2 2025 Including $17.6 Million Revenue at Parral
Halifax, Nova Scotia--(Newsfile Corp. - May 7, 2025) - GoGold Resources Inc. (TSX: GGD) (OTCQX: ...
About this update from Gogold Resources, Inc.
[{"type":"text","content":"GoGold Releases Financial Results for Q2 2025 Including $17.6 Million Revenue at ParralHalifax, Nova Scotia--(Newsfile Corp. - May 7, 2025) - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (\"GoGold\", \"the Company\") announces the financial results for the quarter ending March 31, 2025, with Parral generating revenue of $17.6 million (all amounts are in U.S. dollars) from the sale of 555,511 silver equivalent ounces.\"Parral continued to generate significant cash flow for the Company during the quarter, providing operating cash flow of $5 million which is exceeding our spending at Los Ricos and corporate costs, and increased our cash balance by $2 million at quarter end,\" said Brad Langille, President and CEO. \"With our bought deal financing completed in April, this gives us an approximately $135 million cash balance today putting us in a very strong financial position to execute on Los Ricos South.\"Highlights for the quarter ending March 31, 2025:Cash of $78.3 million USD, an increase of $2.0 million during the quarterCash flow from operations of $5.1 millionRevenue of $17.6 million on the sale of 555,511 silver equivalent ounces at an average realized price per ounce of $31.70Production of 555,479 silver equivalent ounces, consisting of 210,289 silver ounces, 3,279 gold ounces, 155 copper tonnes, 160 zinc tonnesCash cost per silver equivalent ounce of $17.85All in sustaining cost per silver equivalent ounce of $22.98Following are tables showing summarized financial information and key performance indicators:Summarized Consolidated Financial InformationThree months ended Mar 31 Six months ended Mar 31(in thousands USD, except per share amounts)20252024 20252024Revenue$17,602$8,940 $36,700$15,739Cost of sales, including depreciation11,0676,517 24,58512,584Operating income (loss)3,780(123) 7,449(1,732)Net income3,3571,268 3,2201,463Basic net income per share0.0100.004 0.0100.005Cash flow provided by (used in) operations5,145(4,637) 13,012(7,665) Key Performance Indicators1Three months ended Mar 31 Six months ended Mar 31(in thousands USD, except per ounce amounts)20252024 20252024Total tonnes stacked377,516423,977 792,677797,861Silver equivalent ounces sold555,511374,140 1,181,483679,227Realized silver price$31.70$23.90 $31.06$23.17Adjusted AISC per silve...