Business

GoGold Reports Parral Production of 392,406 Silver Equivalent Ounces

GoGold Reports Parral Production of 392,406 Silver Equivalent Ounces Canada NewsWi...

articleGogold Resources, Inc.January 11, 20183/company/gogold-resources-inc/news/gogold-reports-parral-production-of-392406-silver-equivalent-ounces
GoGold Reports Parral Production of 392,406 Silver Equivalent Ounces

About this update from Gogold Resources, Inc.

[{"type":"text","content":"\n\n\n\nGoGold Reports Parral Production of 392,406 Silver Equivalent Ounces\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, Jan. 11, 2018\n\n\n\nTrading Symbol: TSX: GGDShares Outstanding: 171,376,481\n\n\n\nHALIFAX, Jan. 11, 2018 /CNW/ - GoGold Resources Inc. (TSX: GGD) (\"GoGold\", \"the Company\") announces production for the quarter ended December 31, 2017 of 261,693 ounces of silver and 1,708 ounces of gold for 392,406 silver equivalent ounces at the Parral project, an 11% increase from the prior quarter. This past quarter has been the fifth consecutive quarter of production growth as the initiatives put in place in previous quarters continue to gain traction.\n\nOver the past eighteen months the Company has focused on improving recovery times by making several changes to the process at Parral. Some of these process improvements include:\n\n\nReduced stacking height to 5 meter high lifts from the 10 meter high lifts in previous years. This will result in multiple lifts going forward;\nImproved permeability and stability in the material by adding more cement to the agglomerated material and increased curing time;\nFine tuned the cyanide strength at various times during the leaching cycle; and\nIncreased capacity of the Merrill Crowe.\nSART:\n\nIn addition to the above noted items, during the most recent quarter construction was completed on the SART (sulfidization, acidification, recycling, and thickening) plant at Parrall which will reduce cyanide consumption and generate a saleable copper sulfide product.  The plant is being commissioned now and is expected to contribute cost savings and copper production in the current quarter.\n\nOn Site Lab Improvements:\n\nDuring the quarter, the Company has improved and expanded its on-site lab to better assay and report production numbers from the site and how they compare to the ultimate sold ounces.  In the 2017 GoGold fiscal year, the site reported production number compared to the final ounces sold, was overstated by 3.7%, or 42,000 ounc...

More updates from Gogold Resources, Inc.