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GoGold Reports Q2 Production at Parral to 555,479 Silver Equivalent Ounces
Halifax, Nova Scotia--(Newsfile Corp. - April 9, 2025) - GoGold Resources Inc. (TSX: GGD) (OTCQX...
About this update from Gogold Resources, Inc.
[{"type":"text","content":"GoGold Reports Q2 Production at Parral to 555,479 Silver Equivalent OuncesHalifax, Nova Scotia--(Newsfile Corp. - April 9, 2025) - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (\"GoGold\", \"the Company\") is pleased to report production for the quarter ending March 31, 2025 of 555,479 silver equivalent ounces, consisting of 210,289 silver ounces, 3,279 gold ounces, 117 tonnes of copper, and 157 tonnes of zinc. \"Parral has delivered strong stable quarterly production, with expected similar cash flows from the operation as the previous quarter. This cash flow generated from Parral allows us to fund additional exploration at Los Ricos South as we await our anticipated mining permit,\" said Brad Langille, President and CEO. \"The recently completed equity financing, together with the robust Parral cash flow, not only strengthens our balance sheet for the upcoming mine build at Los Ricos South, but also allows us flexibility to advance Los Ricos North and explore around our mine reserves as we approach the execution phase at Los Ricos South. We believe this plan will ultimately generate the most value creation for the company.\"Figure 1: Quarterly Production SummaryTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1683/247855_1.jpgTable 1: Quarterly Production SummaryQuarter EndedDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Silver Production (oz)109,016138,657138,708167,001226,343210,289Gold Production (oz)1,8482,1842,4362,2323,2133,279Copper Production (tonnes)9593148132121117Zinc Production (tonnes)-92125100161157Silver Equivalent Production (oz)1300,260375,745400,236406,150551,337555,479 \"Silver equivalent production\" include gold ounces and copper tons produced and converted to a silver equivalent based on a ratio of the average market metal price for each period. The gold:silver ratio for each of the periods presented were: Dec 2023 - 85, Mar 2024 - 93, Jun 2024 - 86, Sep 2024 - 88, Dec 2024 - 90, Mar 2025 - 90. The copper:silver ratios were: Dec 2023 - 356, Mar 2024 - 365, Jun 2024 - 346, Sep 2024 - 320, Dec 2024 - 299, Mar 2025 - 318. The zinc:silver ratios were: Mar 2024 - 104, Jun 2024 - 98, Sep 2024 - 94, Dec 2024 - 97, Mar 2025 - 89.Mr. Robert Harris, P.Eng. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical info...