Welcome to our dedicated page for Gogold Resources news (Ticker: GLGDF), a resource for investors and traders seeking the latest updates and insights on Gogold Resources stock.
News and updates for GoGold Resources Inc. (OTCQX: GLGDF) center on its silver and gold operations and projects in Mexico. The company’s releases describe ongoing production from the Parral Tailings mine in Chihuahua, as well as exploration and development activity at the Los Ricos South and Los Ricos North projects in Jalisco.
Investors following GLGDF news can review regular production reports from Parral, where GoGold discloses silver equivalent ounces produced and sold, along with underlying silver, gold, copper and zinc outputs. These updates often include commentary on how Parral’s cash flow supports project spending and corporate costs.
GoGold also issues quarterly and annual financial results that summarize revenue, operating income, net income and cash flow from operations. These releases describe how non-GAAP measures such as adjusted cash costs per ounce and adjusted all-in sustaining costs per ounce are used to analyze mine performance, with references to detailed reconciliations in management’s discussion and analysis.
Another key theme in the company’s news is exploration and technical progress at Los Ricos South. GoGold publishes assay results from drilling in zones such as Eagle, Abra, South Abra, Los Lamas and Cerro Colorado, along with information on geophysical surveys and geotechnical drilling that support resource definition and mine planning.
Capital markets activity also appears in GLGDF news, including bought deal equity financings intended to fund exploration and development at Los Ricos and for general corporate purposes, as well as participation in investment conferences focused on metals and mining. For a consolidated view of these developments, this news page brings together GoGold’s production updates, financial disclosures, project drilling results and financing announcements in one place.
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) announces its participation in Deutsche Goldmesse Fall 2024, scheduled for November 21st and 22nd at The Westin Grand Frankfurt. The company's management will conduct meetings and present to European investors during the event. Deutsche Goldmesse has established itself as Germany's leading investment conference in the resource sector, bringing together mining companies, keynote speakers, investors, asset managers, and media partners.
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) reported production of 406,150 silver equivalent ounces for the quarter ending September 30, 2024. This includes 167,001 silver ounces, 2,232 gold ounces, 132 tonnes of copper, and 100 tonnes of zinc. The company saw continuing production growth and a substantial increase in September, with the heap achieving equilibrium at a level generating significant free cash flow for that month.
The addition of the zinc circuit and other optimizations has resulted in a saleable zinc product, recycling of associated cyanide, and improved leaching of gold and silver. As GoGold completes final engineering and anticipates the issuance of a permit for the Los Ricos South underground mine, Parral is expected to add meaningfully to the company's cash flow going forward.
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) has provided an update on its Los Ricos South (LRS) and Los Ricos North (LRN) projects. The company is finalizing a definitive feasibility study (DFS) for LRS, with a significant change from the preliminary economic assessment:
1. The mine plan has been re-engineered into a 12-year underground bulk mine with a 2,000 tonne per day capacity.
2. This approach reduces surface disturbance and eliminates the need for an open pit permit.
3. Metallurgical testing confirms a conventional whole ore leaching process producing silver-gold dore bars and copper precipitate.
4. The company is finalizing a power agreement with CFE and has secured land rights for the mill and processing facilities.
5. GoGold is also working on converting the LRN project to an underground mine plan, with a revised PEA/PFS expected in 2025.
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) has released its Q3 2024 financial results. The company generated $10.4 million in revenue from the sale of 365,119 silver equivalent ounces at a realized price of $28.37 per oz. Production reached 400,236 silver equivalent ounces, including 138,708 silver ounces and 2,436 gold ounces. GoGold reported an adjusted cash cost of $18.54 and an all-in sustaining cost of $24.59 per silver equivalent ounce.
The company's cash position stands at $76.4 million USD. GoGold celebrated 10 years of continuous production at Parral and is focusing on growth in the Los Ricos district. A definitive feasibility study for Los Ricos South is expected in September, with plans for a bulk underground operation in the first decade of production.
GoGold Resources (TSX: GGD, OTCQX: GLGDF) announced a quarterly production of 400,236 silver equivalent ounces at its Parral facility for the quarter ending June 30, 2024. This includes 138,708 silver ounces, 2,436 gold ounces, 148 tonnes of copper, and 125 tonnes of zinc, marking a 6% rise from the previous quarter. The increase is attributed to the newly added zinc circuit. CEO Brad Langille highlighted the progress on the definitive feasibility study for Los Ricos South, focusing on a larger underground mine and a smaller open pit, pushing the need for an open pit permit over a decade into the future. The study results are expected in early September.
GoGold Resources (TSX: GGD; OTCQX: GLGDF), focused on silver and gold production in Mexico, will participate in THE Mining Investment Event of the North. The event will be held from June 4-6, 2024, in Quebec City. President & CEO Brad Langille will present on June 4 at 11:30 AM ET. The company's management team will also hold one-on-one investor meetings throughout the event. Interested investors can contact Jennifer Choi at jchoi@irinc.ca for registration inquiries.
GoGold Resources has released its fourth annual Sustainability Report, highlighting the company's commitment to ESG practices. Notable achievements include a 44% reduction in energy consumption, a 38% decrease in CO2 emissions, and production of silver at a low carbon footprint of 0.006 tCO2e per ounce. The report also notes an 8% increase in safety and professional training hours, totaling over 12,000 hours. Financially, GoGold invested $17.2 million USD in local purchases and donated 600 machine hours for community infrastructure. The company received the ESR distinction and provided various social benefits to local communities, including food packages, educational supplies, and medical services. The report covers activities from January 1 to December 31, 2023, and follows the Global Reporting Initiative guidelines.
GoGold Resources Inc. released its Q2 2024 financial results, showcasing net income of $1.3 million and revenue of $8.9 million from the sale of 374,140 silver equivalent ounces. Cash on hand is $80.8 million USD. The company saw production of 375,745 silver equivalent ounces, including silver, gold, and copper. Adjusted cash cost per silver equivalent ounce was $17.29. The company also announced changes to its Board of Directors, with the retirement of George Waye and the appointment of Douglas Reid.
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