Gogold Resources Stock Price, News & Analysis

GoGold Resources Inc. reported promising results from 9 new drill holes at the Casados deposit in the Los Ricos North project. Notably, drill hole LRGSC-21-038 achieved an impressive 830 g/t silver equivalent over 2.6m, including a peak interval of 2,835 g/t AgEq over 0.8m. This discovery highlights the potential for further exploration in the Casados North zone, with a maiden resource estimate expected later this year, which could positively impact the company's prospects and valuation.

GoGold Resources (TSX: GGD, OTCQX: GLGDF) announced results from eight diamond drill holes at the El Orito area of its Los Ricos North project. Highlighted were intersections in hole LRGO-21-020 with 1.8m of 1,729 g/t silver equivalent and 11.8m of 331 g/t AgEq. Hole LRGO-21-027 showed 53.4m of 145 g/t AgEq, including 4.2m at 376 g/t AgEq. The drilling results indicate high-grade mineralization and expanded resource potential in both silver and base metals, with significant exploration activities continuing.

On May 12, 2021, GoGold Resources Inc. (TSX: GGD; OTCQX: GLGDF) announced its financial results for Q2 2021, reporting a revenue of $13.2 million from the sale of 541,608 silver equivalent ounces. The company achieved a net income of $2.7 million and cash flow from operations of $3.3 million. Free cash flow from the Parral mine reached $6.3 million in the quarter. GoGold successfully renegotiated its off-take agreement, which is expected to increase quarterly cash flows by $300,000.

GoGold Resources Inc. has announced results from 8 drill holes at the Casados deposit in the Los Ricos North project. Notably, hole LRGCS-21-025 intersected 1.5m of 1,320 g/t silver equivalent (AgEq) within 16.8m of 306 g/t AgEq. This marks a significant extension of mineralization over 200 meters eastward. The drilling program at Los Ricos North is one of Mexico's largest, exceeding 100,000 meters. The company continues to identify high-grade mineralization, enhancing the resource potential.

GoGold Resources Inc. has released promising results from six diamond drill holes at its Los Ricos North project, particularly in the El Favor area. Drill hole LRGF-21-032 intersected 3.4m of 1,676 g/t silver equivalent, within a 15.3m grade of 524 g/t AgEq, showcasing significant mineralization potential. The company operates nine drill rigs to expedite the initial resource estimate, reinforcing its aggressive exploration strategy. El Favor's high-grade zones and potentially bulk-mineable grades mark a positive trajectory for GoGold's operations.

GoGold Resources Inc. (TSX: GGD, OTCQX: GLGDF) reported strong quarterly production for the period ending March 31, 2021, with 551,207 silver equivalent ounces produced. This includes 302,933 silver ounces, 3,208 gold ounces, and 86 tonnes of copper. The company achieved over US$5.5 million in free cash flow for the quarter, marking the ninth consecutive quarter of positive cash flow from the Parral tailings mine. Investments from this cash flow are funding exploration at Los Ricos, enhancing shareholder value.

GoGold Resources has reported significant drilling results from the El Orito area of its Los Ricos North project. Notably, drill hole LRGO-21-016 intersected 11.4m with a remarkable 275 g/t silver equivalent, including a peak of 1,126 g/t AgEq over 1.8m. The El Orito deposit showcases a unique mineralization profile, distinguished from other targets by containing both silver and base metals. As the resource estimate is expected later this year, the company continues to reinvest cash flows from Parral into Los Ricos, enhancing potential shareholder value.

On March 24, 2021, GoGold Resources held its annual meeting where shareholders re-elected five directors, with Phillip Gaunce receiving an impressive 96.79% of votes. The meeting also saw the reappointment of KPMG LLP as auditors. A significant change approved was an amendment to allow the company to change its name, with 99.73% of votes in favor. John Turner and Terrence Cooper received 81.30% and 80.82% support respectively, reflecting solid shareholder backing. The company focuses on gold and silver production, primarily in Mexico, and is headquartered in Halifax, NS.

GoGold Resources has announced promising results from four new drill holes at the Casados deposit within the Los Ricos North project. Hole LRGCS-21-011 intersected 49.1 meters averaging 291 g/t silver equivalent, with a remarkable 0.8 meters at 7,616 g/t AgEq. The CEO highlighted the potential for significant resources due to the high grades and widths of mineralization observed. The company aims to drill over 100,000 meters across its targets, showcasing significant exploration opportunities in the region.