GoGold Releases Record Financial Results for 2025

Rhea-AI Summary

GoGold (OTCQX: GLGDF) reported record FY2025 results for the year ended September 30, 2025. The company recorded $72.5 million revenue from the sale of 2.1 million silver equivalent ounces and $17.3 million net income. Cash from operations was $25.65 million for the year and cash on hand was reported at $141.1 million USD.

Other highlights: production of 2,150,192 silver equivalent ounces; realized silver price of $33.80/oz; adjusted cash cost $18.35/oz; adjusted AISC $23.72/oz. Management noted a completed CAD 143 million bought deal financing and cited a $227 million feasibility capital estimate for Los Ricos South.

Positive

• Revenue increased to $72.5M from $36.5M year-over-year
• Net income rose to $17.3M from $1.58M year-over-year
• Cash flow from operations improved to $25.65M versus $(11.26M) prior year
• Completed CAD 143M bought deal financing increasing liquidity

Negative

• Feasibility capital estimate of $227M for Los Ricos South
• Reported cash of $141.1M may be short of the $227M estimated project capex
• Quarter AISC rose to $27.60/oz from $23.26/oz year-over-year quarter

News Market Reaction

+6.34%

1 alert

+6.34% News Effect

On the day this news was published, GLGDF gained 6.34%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Annual revenue: $72.5 million Net income: $17.3 million Cash balance: $141.1 million +5 more

8 metrics

Annual revenue $72.5 million Year ended Sep 30, 2025; Parral revenue doubled, record level

Net income $17.3 million Year ended Sep 30, 2025 consolidated results

Cash balance $141.1 million Cash as of Sep 30, 2025 in USD

Cash from operations $26 million Cash flows from operations in 2025 cited by CEO

Adjusted cash cost $18.35 per oz Adjusted cash cost per silver equivalent ounce, 2025

Adjusted AISC $23.72 per oz Adjusted all-in sustaining cost per silver equivalent ounce, 2025

Realized silver price $33.80 per oz Average realized silver price in 2025

Annual production 2,150,192 silver eq. oz 2025 production including silver, gold, copper, zinc

Market Reality Check

Price: $2.76 Vol: Volume 392,288 is below t...

normal vol

$2.76 Last Close

Volume Volume 392,288 is below the 20-day average of 498,608, suggesting no unusual trading activity ahead of the results. normal

Technical Shares at $2.02 trade 7.34% below the 52-week high of $2.18 and above the 200-day MA at $1.58.

Peers on Argus

Peers in Other Precious Metals & Mining showed mixed moves, with names like SLGG...

Peers in Other Precious Metals & Mining showed mixed moves, with names like SLGGF up 4.95% and GOTRF down 2.35%, while GLGDF gained 1.3%, pointing to a more company-specific reaction to its record results.

Historical Context

5 past events · Latest: Oct 31 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Oct 31	Conference attendance	Neutral	-3.9%	Announcement of participation in the New Orleans Investment Conference.
Oct 30	Conference attendance	Neutral	+2.8%	Plans for CEO presentation and investor meetings at an industry conference.
Oct 16	Production update	Positive	+2.9%	Reported 45% annual production increase and strong cash balance at year-end.
Sep 09	Drilling results	Positive	-1.5%	Released high-grade near-mine drilling results at Los Ricos South project.
Aug 06	Quarterly earnings	Positive	+1.9%	Q3 2025 results with strong net income and operating cash flow from Parral.

Pattern Detected

Positive operational and earnings updates often see modestly positive price reactions, though there are instances of divergence on strong drilling news.

Recent Company History

Over the past six months, GoGold has combined stronger production, financial improvements, and project advancement. In August 2025, Q3 earnings showed net income of $8.2M and revenue of $17.7M, building on growing Parral output. October updates highlighted a 45% annual production increase to 2,150,192 silver-equivalent ounces and cash of $141M. Drilling at Los Ricos South in September 2025 reported high-grade intercepts. Today’s 2025 annual results extend that trajectory with record revenue and net income.

Market Pulse Summary

The stock moved +6.3% in the session following this news. A strong positive reaction aligns with GoG...

Analysis

The stock moved +6.3% in the session following this news. A strong positive reaction aligns with GoGold’s record 2025 performance, including revenue of $72.5M, net income of $17.3M, and cash of $141.1M. Historical earnings releases have produced modest moves, so an outsized gain could also reflect enthusiasm for higher silver prices and Los Ricos development plans. Investors may watch whether operational costs like AISC of $23.72 and execution on 2026 construction temper or sustain such momentum.

Key Terms

adjusted cash cost, all in sustaining cost, bought deal financing, key performance indicators, +4 more

8 terms

adjusted cash cost financial

"Adjusted cash cost per silver equivalent ounce of $18.35"

Adjusted cash cost is a company-reported measure of the ordinary, ongoing cash outlays to produce a product after removing one-time items, accounting charges, and other overhead that management considers non-recurring. Investors use it as a clearer view of core production efficiency and cash profitability—like comparing the routine grocery bill for bread without including a rare oven repair—so they can better compare performance across periods or peers.

all in sustaining cost financial

"Adjusted all in sustaining cost per silver equivalent ounce of $23.72"

All-in sustaining cost (AISC) is a per-unit measure of what it really costs a mining company to produce its product over the long run, combining direct operating expenses with ongoing capital spending, maintenance, and other sustaining overheads. For investors, AISC shows the full, steady-state cost to keep operations running—similar to calculating the total cost per mile of driving a car when you include fuel, repairs and routine upkeep—so it helps judge long-term profitability and compare producers on a like-for-like basis.

bought deal financing financial

"With our $143 million CAD bought deal financing completed last month"

Bought deal financing is when an investment bank agrees to buy an entire new stock or bond offering from a company up front and then resells it to investors — like a wholesaler buying all the goods from a maker and taking on the risk of selling them. For investors this matters because it provides the issuing company fast, certain cash but often at a discount to market price, can increase share supply quickly, and may signal urgency to raise funds.

key performance indicators financial

""--- Table Start --- Key Performance Indicators 1 | Three months ended"

Key performance indicators are specific measurements used to track how well a person, team, or organization is achieving its goals. They act like report cards, providing clear signs of progress or areas needing improvement. For investors, KPIs help assess the health and future potential of a business by highlighting its most important strengths and challenges.

non-gaap measures financial

"Key performance indicators are unaudited non-GAAP measures, see reconciliation"

Financial results that companies present using formulas or adjustments different from standard accounting rules (GAAP) to highlight what management considers the business’s ongoing performance. Investors care because these figures can make trends or profitability look clearer—like showing a car’s fuel efficiency after removing unusual trips—but they can also hide one‑time costs or aggressive assumptions, so comparing them with GAAP numbers helps judge reliability.

md&a financial

"see reconciliation in MD&A.2Gold, copper and zinc are converted"

Management’s Discussion and Analysis (MD&A) is a section of a company’s financial filing where executives explain recent results, the reasons behind changes, risks faced, and expectations for the future in plain language alongside the numbers. Investors use it like an owner’s narrative to understand the story behind the raw financial data — what drove performance, potential pitfalls, and management’s plans — helping judge whether the company’s numbers are likely to improve or worsen.

ni 43-101 regulatory

"a qualified person for the purposes of NI 43-101."

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

qualified person regulatory

"who is a qualified person for the purposes of NI 43-101."

A qualified person is someone with specialized knowledge, experience, and training in a particular field, allowing them to accurately assess and verify information or work. Their expertise helps ensure that reports, evaluations, or decisions are trustworthy and meet required standards. For investors, a qualified person provides confidence that the information they rely on is credible and properly validated.

AI-generated analysis. Not financial advice.

Halifax, Nova Scotia--(Newsfile Corp. - December 11, 2025) - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") announces the financial results for the year ending September 30, 2025, with Parral revenue doubling, generating a record $72.5 million (all amounts are in U.S. dollars) from the sale of 2.1 million silver equivalent ounces.

"Parral had a banner year for us, producing record revenues of $73 million, driving cash flows from operations of $26 million and net income of $17 million. In 2025, we realized a silver selling price of $33/oz, so with silver prices currently above $55/oz the outlook for 2026 is very strong," said Brad Langille, President and CEO. "With our $143 million CAD bought deal financing completed last month, we currently have over $240 million USD in cash, and no debt. With our strong balance sheet, and our feasibility study estimating capital costs of $227 million for the construction of Los Ricos South, we are substantially de-risked for the execution phase of the project in 2026. Another substantial advantage for our Company is the flexibility to aggressively advance Los Ricos North towards feasibility and permitting as we are constructing the South. We believe that this aggressive plan will realize maximum shareholder value from these historically strong commodity prices."

Highlights for the year ending September 30, 2025:

• Cash of $141.1 million USD
• Revenue of $72.5 million on the sale of 2.1 million silver equivalent ounces at an average realized price per ounce of $33.80 USD
• Net income of $17.3 million
• Production of 2,150,192 silver equivalent ounces, consisting of 851,102 silver ounces, 12,289 gold ounces, 476 copper tonnes, 609 zinc tonnes
• Adjusted cash cost per silver equivalent ounce of $18.35
• Adjusted all in sustaining cost per silver equivalent ounce of $23.72

Following are tables showing summarized financial information and key performance indicators:

Summarized Consolidated Financial Information	Three months ended Sep 30		Year ended Sep 30
(in thousands USD, except per share amounts)	2025	2024	2025	2024
Revenue	$               18,095	$               10,406	$               72,503	$               36,503
Cost of sales, including depreciation	9,212	7,139	43,959	24,313
Operating income	5,204	4,021	17,089	5,622
Net income	5,893	719	17,331	1,580
Basic net income per share	0.018	0.002	0.048	0.005
Cash flow from (used in) operations	5,391	(1,371)	25,650	(11,263)

 

Key Performance Indicators1	Three months ended Sep 30		Year ended Sep 30
(in thousands USD, except per ounce amounts)	2025	2024	2025	2024
Total tonnes stacked	416,560	363,695	1,612,142	1,587,360
Silver equivalent ounces sold	435,522	362,314	2,144,938	1,406,660
Adjusted AISC per silver equivalent ounce2	$ 27.60	$ 23.26	$ 23.72	$ 24.15
Adjusted Cash cost per silver equivalent ounce2	$ 18.95	$ 17.71	$ 18.35	$ 17.62
Realized silver price	$ 41.55	$ 28.64	$ 33.80	$ 25.95

¹Key performance indicators are unaudited non-GAAP measures, see reconciliation in MD&A.
²Gold, copper and zinc are converted using average market prices.

This news release should be read in conjunction with the consolidated financial statements for the year ended September 30, 2025, notes to the financial statements, and management's discussion and analysis for the year ended September 30, 2025, which have been filed on SEDAR and are available on the Company's website. The Company's annual information form has also been filed and is available on SEDAR and the Company's website.

Technical information contained in this news release with respect to GoGold has been reviewed and approved by Mr. Bob Harris, P.Eng., who is a qualified person for the purposes of NI 43-101.

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 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.

Cautionary non-GAAP Measures and Additional GAAP Measures
Note that for purposes of this section, GAAP refers to IFRS. The Company believes that investors use certain non-GAAP and additional GAAP measures as indicators to assess mining companies. They are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared with GAAP. Non-GAAP and additional GAAP measures do not have a standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures presented by other companies.

Additional GAAP measures that are presented on the face of the Company's consolidated statements of comprehensive income include "Operating income (loss)". These measures are intended to provide an indication of the Company's mine and operating performance. Per ounce measures are calculated by dividing the relevant mining and processing costs and total costs by the tonnes of ore processed in the period. "Adjusted cash costs per ounce" and "Adjusted all-in sustaining costs per ounce" are used in this analysis and are non-GAAP terms typically used by mining companies to assess the level of gross margin available to the Company by subtracting these costs from the unit price realized during the period. These non-GAAP terms are also used to assess the ability of a mining company to generate cash flow from operations. There may be some variation in the method of computation of these metrics as determined by the Company compared with other mining companies. In this context, "Adjusted cash costs per ounce" reflects the cash operating costs allocated from in-process and dore inventory associated with ounces of silver and gold sold in the period. "Adjusted cash costs per ounce" may vary from one period to another due to operating efficiencies, grade of material processed and silver/gold recovery rates in the period. "Adjusted all-in sustaining costs per ounce" include total cash costs, exploration, corporate and administrative, share based compensation and sustaining capital costs. For a reconciliation of non-GAAP and GAAP measures, please refer to the Management Discussion and Analysis dated December 10, 2025 for the year ended September 30, 2025, as presented on SEDAR.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277622

FAQ

What revenue did GoGold (GLGDF) report for the year ended Sep 30, 2025?

GoGold reported $72.5 million revenue for the year ended September 30, 2025.

How much net income did GoGold (GLGDF) generate in FY2025?

Net income for the year was $17.3 million.

How much cash did GoGold (GLGDF) have at September 30, 2025 and what financing was completed?

Cash on hand was $141.1 million USD and the company completed a CAD 143 million bought deal financing.

What is the estimated capital cost to build Los Ricos South announced by GoGold (GLGDF)?

The feasibility study estimates construction capital costs of $227 million for Los Ricos South.

What production and realized price metrics did GoGold (GLGDF) report for FY2025?

Production was 2,150,192 silver equivalent ounces and the realized silver price was $33.80/oz.

What were GoGold's adjusted cash cost and AISC per silver equivalent ounce in FY2025?

Adjusted cash cost was $18.35/oz and adjusted AISC was $23.72/oz for the year.