Business
GoGold Reports Parral Production and Sales for Quarter ending June 30, 2018
GoGold Reports Parral Production and Sales for Quarter ending June 30, 2018 Canada...
About this update from Gogold Resources, Inc.
[{"type":"text","content":"\n\n\n\nGoGold Reports Parral Production and Sales for Quarter ending June 30, 2018\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nHALIFAX, July 17, 2018\n\n\n\nTrading Symbol: TSX: GGDShares Outstanding: 171,776,481\n\n\n\nHALIFAX, July 17, 2018 /CNW/ - GoGold Resources Inc. (TSX: GGD) (\"GoGold\", \"the Company\") announces sales of 382,150 silver equivalent ounces for the quarter ended June 30, 2018, which was an increase of 34% over the previous year.  The Company produced 163,991 ounces of silver and 1,630 ounces of gold for 292,273 silver equivalent ounces at the Parral project during the quarter, a 2% decrease from the prior year. \n\nDuring the quarter, the Company began irrigating the second lift on a non-compacted first lift to test whether compaction of the first lift is required.  The results of this test concluded that compaction of the first lift will be required as without compaction, there is a delay in the recovery of metal from the material processed above on the second lift.  The first lift will now be compacted with drainage pipes on top before the second lift is placed.  This will replicate single lift leaching, which has been proven to perform well.\n\n\"It was necessary to complete this test to determine if compaction of the first lift was required. The results indicated that compaction is required and this affected production this quarter. Now that we are stacking on the first lift again the heap is performing well,\" said Brad Langille, President and CEO.\n\nThe Company stacked a total of 447,193 tonnes of material during the quarter, an average of 4,914 per day, of which the majority were fresh tailings.  This is an increase of 24% over the average stacking rate from the previous year and was the result, in part, of the purchase and application of a new stacker.  \n\nIn June, the Company returned to stacking on the first lift, with recovery beginning very quickly as had been previously experienced.  The Company will continue stacking on the firs...