GoGold Announces 21% Increase in Parral Production
Rhea-AI Summary
GoGold Resources (OTCQX: GLGDF) reported third-quarter 2026 Parral production of 268,673 silver ounces, 3,036 gold ounces, 88 tonnes of copper and 116 tonnes of zinc, totaling 477,464 silver equivalent ounces, a 21% increase from second quarter 2026.
According to GoGold, Parral delivered a five‑year high in quarterly silver output. The company reported cash rising by about $22 million to $284 million USD, stated it has no debt, and indicated it is fully financed for the upcoming Los Ricos South build following a positive construction decision and receipt of permits.
Positive
- Silver equivalent production up 21% quarter-over-quarter to 477,464 ounces
- Quarterly silver production at Parral reaches five-year high of 268,673 ounces
- Cash balance increases by approximately $22 million to $284 million USD
- Company reports no debt on its balance sheet
- Management states it is fully financed for the Los Ricos South build
- Board has made a positive construction decision at Los Ricos South
Negative
- Silver equivalent production about 14% lower than June 2025 level of 555,500 ounces
- Copper output down around 25% versus March 2025 (117 to 88 tonnes)
News Market Reaction – GLGDF
On the day this news was published, GLGDF gained 1.08%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Halifax, Nova Scotia--(Newsfile Corp. - July 9, 2026) - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to report production for its third quarter ending June 30, 2026, of 268,673 silver ounces, 3,036 gold ounces, 88 tonnes of copper, and 116 tonnes of zinc, for a total of 477,464 silver equivalent ounces ("SEO"), an increase of
"The Parral tailings mine had another excellent quarter for the company, with production increasing by
Table 1: Quarterly Production Summary
| Quarter Ended | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| Silver Production (oz) | 210,289 | 201,616 | 212,854 | 205,104 | 230,680 | 268,673 |
| Gold Production (oz) | 3,279 | 3,100 | 2,697 | 2,914 | 2,549 | 3,036 |
| Copper Production (tonnes) | 117 | 128 | 110 | 96 | 84 | 88 |
| Zinc Production (tonnes) | 157 | 140 | 150 | 150 | 93 | 116 |
| Silver Equivalent Production (oz)1 | 555,479 | 555,500 | 487,876 | 456,179 | 394,605 | 477,464 |
- "Silver equivalent production" include gold ounces, copper tonnes and zinc tonnes 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: Mar 2025 - 90, Jun 2025 - 98, Sep 2025 - 88, Dec 2025 - 76, Mar 2026 - 58, Jun 2026 - 62. The copper:silver ratios were: Mar 2025 - 318, Jun 2025 - 311, Sep 2025 - 251, Dec 2025 - 204, Mar 2026 - 152, Jun 2026 - 181. The zinc:silver ratios were: Mar 2025 - 89, Jun 2025 - 79, Sep 2025 - 72, Dec 2025 - 59, Mar 2026 - 38, Jun 2026 - 48.
Mr. Robert Harris, P.Eng. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release related to Parral.
About GoGold Resources
GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South project, which is in development with a construction decision approved by the Board, and Los Ricos North exploration and development project, both in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.
For further information, please contact:
Steve Low, Corporate Development
GoGold Resources Inc.
T: 416 855 0435
Email : steve@gogoldresources.com
Or visit : www.gogoldresources.com
CAUTIONARY STATEMENT:
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.
This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Parral tailings mine, the Los Ricos projects, future operating margins, future production and processing, and future plans and objectives of GoGold, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral tailings mine. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.
Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with the GoGold's projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304511