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) recently held its annual meeting of shareholders on March 23, 2023, where directors John Turner, Bradley Langille, Phillip Gaunce, George Waye, Terrence Cooper, and Karen Flores were re-elected. Each director received majority votes, with Karen Flores achieving a significant 99.95% support. KPMG LLP was re-appointed as auditors of the Company. GoGold continues to focus on silver and gold production with operations in Mexico and is developing projects that promise low costs and high margins. For more details, visit gogoldresources.com.
GoGold Resources Inc. (OTCQX: GLGDF) announced impressive drilling results from its Los Ricos South project on March 8, 2023. Notably, hole LRGAG-22-125 yielded an interception of 42.3m at 288 g/t silver equivalent (AgEq), including a remarkable 2,017 g/t AgEq over 2.8m. These findings enhance the high-grade area and are expected to positively influence the forthcoming Mineral Resource Estimate and Preliminary Economic Assessment. With ongoing exploration at the Eagle Deposit, the company aims to better delineate high-grade portions that could be mined efficiently.
GoGold Resources Inc. (OTCQX: GLGDF) has released promising drilling results from its Los Ricos South Project. Hole LRGAG-22-113 intersected 16.3m of 605 g/t silver equivalent (AgEq), with a high-grade portion of 6,490 g/t AgEq over 0.8m. The results include significant additional intercepts, contributing to expectations of a positive update on the Mineral Resource Estimate and Preliminary Economic Assessment later this year. The Eagle Deposit, adjacent to the Main Deposit, is showing high-grade intercepts indicative of valuable mineralization, further supporting GoGold's exploration efforts in Mexico.
GoGold Resources Inc. (OTCQX: GLGDF) reported its financial results for the quarter ending December 31, 2022, achieving $8.5 million in revenue from the sale of 411,756 silver equivalent ounces. The company boasts a robust balance sheet with over $100 million in cash following a recent financing deal. Production included 441,217 silver equivalent ounces with adjusted cash costs at $12.89 per ounce. GoGold outlined significant milestones for 2023, including the completion of a Preliminary Economic Assessment at its Los Ricos North project. However, the quarter also saw a net loss of $2.89 million, contrasting with the previous year's loss of $495,000.
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.