Gogold Resources Stock Price, News & Analysis

GoGold Resources Inc. (OTCQX: GLGDF) announced exceptional drilling results from Los Ricos South, with hole LRGAG-22-218 reporting 55.0m of 2,738 g/t silver equivalent (AgEq) and an astonishing 7.0m of 20,715 g/t AgEq. Notably, a high-grade intercept of 63,658 g/t AgEq was recorded over 2.0m. President Brad Langille emphasized the significance of these results, stating they reflect the district's consistent high grades. The Eagle Deposit continues to show promise for bulk underground mining, bolstered by a robust historical resource estimate of 63.7 million ounces AgEq from earlier evaluation efforts.

GoGold Resources (OTCQX: GLGDF) announced positive drill results from the El Favor East deposit at the Los Ricos North property. Notably, drill hole LRGF-22-147 revealed 1.2m of 4,209 g/t silver equivalent (AgEq) within 19.9m of 436 g/t AgEq. This data, collected from 8 drill holes, will significantly contribute to an upcoming preliminary economic analysis (PEA). The exploration program has extended mineralization 900m east of previous findings, indicating strong potential in this area.

GoGold aims to deliver substantial value to its shareholders through continued exploration and development efforts.

GoGold Resources announced a production increase for Q4 2022, achieving 441,217 silver equivalent ounces, which includes 159,838 silver ounces, 2,399 gold ounces, and 222 tonnes of copper. This represents a 10% increase compared to the previous quarter. CEO Brad Langille highlighted the expertise of the operations team and expressed optimism for 2023, marking the ninth year of production at Parral and indicating significant development plans for Los Ricos. The company aims to enhance its portfolio of low-cost, high-margin projects in Mexico.

GoGold Resources Inc. (OTCQX: GLGDF) is optimistic about 2023, focusing on the development of its Los Ricos projects following significant advancements in 2022, including the acquisition of the Eagle concession. Targeted milestones for 2023 include aggressive drilling, updated Mineral Resource Estimates, pre-feasibility studies, and economic assessments. The Company reported a strong cash position of $73 million USD, enhancing its ability to fund upcoming initiatives. Positive drilling results from 2022 indicate potential for substantial underground mining operations, with considerable silver and gold grades.

GoGold Resources Inc. (TSX: GGD, OTCQX: GLGDF) announced its financial results for the year ended September 30, 2022, reporting revenues of $36 million from 1.7 million silver equivalent ounces sold. The company has a strong balance sheet with $73.3 million in cash and no debt. Key achievements include producing 1.8 million silver equivalent ounces and an adjusted cash cost of $13.35 per ounce. The company aims to further develop the Los Ricos project in 2023, expecting increased resources and a Preliminary Economic Assessment.

GoGold Resources Inc. announced positive results from drilling at the El Favor East deposit within the Los Ricos North property. Drill hole LRGF-22-140 intersected 0.7m of 2,529 g/t silver equivalent (AgEq) within 13.9m of 294 g/t AgEq. Another hole, LRGF-22-137, reported 61.5m of 165 g/t AgEq, including 24.3m at 350 g/t AgEq. These findings bolster confidence in the deposit and pave the way for a preliminary economic assessment anticipated in the first half of 2023.

GoGold Resources Inc. (OTCQX: GLGDF) announced promising drilling results from the Los Ricos South Main Deposit and the newly acquired Eagle concession. Highlights include hole LRGG-22-218 with a remarkable intercept of 7,093 g/t AgEq over 0.9m, part of a broader 15.0m at 828 g/t AgEq. The drilling results indicate the potential for bulk mineable high-grade deposits, enhancing the value of Los Ricos South. The Eagle concession, adjacent to the Main Deposit, further extends the mineral resource, with continued exploration work expected to increase the resource size.

GoGold Resources Inc. announced promising drilling results from the Los Ricos South property and newly acquired Eagle concession. Notable highlights include hole LRGG-22-209, which intercepted 11,103 g/t AgEq over 1.0m, part of a wider 33.2m interval averaging 513 g/t AgEq. The company aims to enhance the value of the Los Ricos South project through a focused drilling strategy that targets very high-grade materials for potential underground mining. Los Ricos South currently contains an estimated 63.7 million ounces AgEq in mineral resources.

GoGold Resources announced exceptional drilling results from the newly acquired Eagle concession in the Los Ricos South property. Key highlights include a significant intercept of 3,047 g/t AgEq over 11.5m, part of a wider 110.6m interval averaging 388 g/t AgEq. Drilling continues to show promising high-grade mineralization, indicating potential for further exploration. The Eagle concession extends the Main Deposit and further connects with the Jamaica concession, enhancing the overall mineral resource potential of the area.