Business
GoGold Resources Announces Record Quarterly Operating Cash Flow
Halifax, Nova Scotia--(Newsfile Corp. - May 6, 2026) - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") announces record financial
About this update from Gogold Resources, Inc.
[{"type":"text","content":" Halifax, Nova Scotia--(Newsfile Corp. - May 6, 2026) - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (\"GoGold\", \"the Company\") announces record financial results for the quarter ending March 31, 2026 with record quarterly operating cash flows of $21.2 million (all amounts are in U.S. dollars) on revenue of $30.3 million from the sale of 383,695 silver equivalent ounces (\"SEO\"). \"Parral continues to provide excellent results, propelling the Company to record operating cash flows of $21.2 million. As we complete our twelfth year at Parral, it continues to operate strongly and is producing record cash flows for us,\" said Brad Langille, President and CEO. \"We ended the quarter with $262 million in cash, which along with our cash flow from Parral exceeds the initial capital expenditure of $227 million for Los Ricos South based on the feasibility study. With the logistics and detailed engineering well advanced, once we have our permit in hand for Los Ricos South and our excellent balance sheet we are ready to go.\" Highlights for the quarter ending March 31, 2026: Record operating cash flow of $21.2 million USD, including Parral free cash flow of $14.6 million Cash of $262.2 million USD Revenue of $30.3 million on the sale of 383,695 SEO at an average realized price per ounce of $79.04 Net income of $16.4 million Production of 394,605 SEO, consisting of 230,680 silver ounces, 2,549 gold ounces, 84 tonnes of copper, and 93 tonnes of zinc Following are tables showing summarized financial information and key performance indicators: Summarized Consolidated Financial Information Three months ended Mar 31 Six months ended Mar 31 (in thousands USD, except per share amounts) 2026 2025 2026 2025 Revenue $ 30,329 $ 17,602 $ 61,434 $ 36,700 Cost of sales, including depreciation 10,436 11,067 22,109 24,585 Operating income 18,504 3,496 34,761 7,311 Net income 16,437 3,357 29,746 3,220 Basic net income per share 0.038 0.010 0.071 0.010 Cash flow provided by operations 21,217 5,145 30,880 13,012 Key Performance Indicators1 Three months ended Mar 31 Six months ended Mar 31 (in thousands USD, except per ounce amounts) 2026 2025 2026 2025 Total tonnes stacked 361,242 377,516 793,050 803,695 Silver equivalent ounces sold2 383,695 555,511 870,623 1,181,483 Realized silver price $ 79.04 $ 31.70 $ 70.56 $ 31.07 AISC per silver equivalent ounce...