GoGold Presents its 2024 Sustainability Report

Rhea-AI Summary

GoGold Resources has released its fourth annual Sustainability Report, highlighting significant ESG achievements in 2024. The company demonstrated strong environmental performance at its Parral operation, reducing carbon footprint by 11% to 0.005 tCO2e per oz of silver equivalent produced and improving water recycling efficiency to over 95%, resulting in a 5% decrease in water usage. The company invested $17.6 million in local purchases and $247,000 in community investment, while providing substantial community support through infrastructure assistance, food packages, and educational supplies. GoGold received multiple recognitions including the ESR distinction for the fifth year and the ELSSA distinction for the third time, underlining their commitment to social responsibility and safety standards.

Positive

• Achieved 11% reduction in carbon footprint to 0.005 tCO2e per oz of silver equivalent
• Improved water recycling efficiency to over 95% with 5% decrease in water usage
• Invested $17.6 million in local purchases including $247,000 in community investment
• Received ESR distinction for fifth consecutive year and ELSSA distinction for third time

Negative

• None.

Halifax, Nova Scotia--(Newsfile Corp. - June 12, 2025) - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to present its fourth annual Sustainability Report that sets out the Company's performance and achievements with respect to its environmental, social and governance ("ESG") practices. The Company is steadfastly committed to responsible mining practices, prioritizing safety, environmental responsibility, and benefits for local communities.

"We're pleased to release our fourth annual Sustainability Report which outlines our performance and achievements related to ESG practices. Our partnership with the Town of Parral continues to be very beneficial to both parties, remediating the land for the town's future use and generating positive cash flow for our shareholders at a low carbon footprint. Our footprint decreased by 11% this year, generating a low 0.005 tons of carbon dioxide equivalent ("tCO₂e") per ounce of silver equivalent produced," said Brad Langille, President and CEO. "We believe the work our ESG team have been doing at Los Ricos South has been instrumental in establishing our partnership with the local community. We will continue on this path as we advance Los Ricos South towards production."

Highlights of the Report:

• Improved water storage and reuse system at Parral, achieving over 95% recycling efficiency and resulting in decrease of 5% in water usage compared to the prior year.

• 0.005 tCO₂e per oz of silver equivalent produced at Parral, a decrease of 11% compared to prior year.

• Awarded the ESR distinction (Empresa Socialmente Responsables - Corporate Social Responsibility) for fifth year.

• ELSSA distinction from the Instituto Mexicano del Seguro Social (IMSS), a public healthcare and social security institution in Mexico, for the third time.

• $17.6 million USD spent in local purchases, including $247,000 in community investment.

• Donation of over 1,200 machine hours to nearby towns in order to help with local infrastructure.

• Social impacts in nearby communities include providing food packages to elderly, cultural events, educational and sports supplies to local children and medical attention to residents.

The full update is available for download at www.gogoldresources.com/sustainability/.

The Sustainability Report addresses ESG issues, detailing the performance and results of the Company from January 1 to December 31, 2024. The methodology and approach used in the report were based on the Global Reporting Initiative guidelines.

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 and Los Ricos North exploration and development projects 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 project, the Los Ricos project, 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 project. 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/255278

FAQ

What ESG achievements did GLGDF report in its 2024 Sustainability Report?

GoGold reported an 11% reduction in carbon footprint, 95% water recycling efficiency, $17.6 million in local purchases, and received ESR and ELSSA distinctions for social responsibility and safety.

How much did GoGold Resources invest in local communities in 2024?

GoGold invested $17.6 million in local purchases, including $247,000 specifically for community investment, plus donated over 1,200 machine hours for local infrastructure.

What environmental improvements did GLGDF achieve at Parral in 2024?

At Parral, GoGold achieved a 5% reduction in water usage through 95% recycling efficiency and reduced carbon footprint to 0.005 tCO2e per oz of silver equivalent, an 11% improvement.

What social initiatives did GoGold Resources implement in 2024?

GoGold provided food packages to elderly, supported cultural events, supplied educational and sports materials to local children, offered medical attention to residents, and donated machine hours for infrastructure.

What certifications or distinctions did GLGDF receive in 2024?

GoGold received the ESR (Corporate Social Responsibility) distinction for the fifth year and the ELSSA distinction from IMSS for the third time.