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GoGold Resources Inc. reports news on its silver and gold operations and project development in Mexico. The Canadian-based producer operates the Parral tailings mine in Chihuahua and holds the Los Ricos South and Los Ricos North exploration and development projects in Jalisco.
Recurring updates cover Parral production in silver equivalent ounces, sales of silver, gold, copper and zinc, revenue and operating cash flow, Los Ricos South development work, technical disclosures under NI 43-101, annual meeting results, and investor conference participation.
GoGold Resources has announced its quarterly production results for the period ending March 31, 2022, reporting a total of 455,991 silver equivalent ounces. This includes 186,655 silver ounces, 2,791 gold ounces, and 125 tonnes of copper. The Parral mine continues to generate significant cash flow, supporting operational costs and exploration budgets for the Los Ricos project. The release highlights the company's focus on enhancing shareholder value through its ongoing projects in Mexico.
GoGold Resources announced the results of its annual and special meeting held on March 24, 2022. Shareholders re-elected six directors, including John Turner and Phillip Gaunce, with voting support ranging from 66.99% to 100%. KPMG was re-appointed as auditors. The omnibus equity incentive plan received 64.88% approval, while the unallocated options under the stock option plan secured 94.64% approval. The company is focused on gold and silver production in Mexico, operating the Parral Tailings mine and exploring new projects in Jalisco.
GoGold Resources Inc. announced promising drilling results from the Mololoa deposit in Los Ricos North, with drill hole LRGM-21-104 yielding 1.1m of 4,366 g/t silver equivalent over 33.4m of 317 g/t AgEq. The results showcase significant high-grade intercepts and the potential for bulk mineable material. The company aims to expand its mineral resources aggressively in 2022, leveraging these findings to support ongoing exploration efforts.
GoGold Resources Inc. announced promising drill results from El Favor East, showing 1,695 g/t AgEq over 0.9m and 136 g/t AgEq over 45.5m. The results are from 5 drill holes, with plans for future resource updates. CEO Brad Langille emphasized the high-grade intercepts and potential for resource expansion. The company's exploration in the Los Ricos North project continues to produce significant findings, enhancing the overall mineral resource estimates, which are expected to be updated in the near future.
GoGold Resources (OTCQX: GLGDF) reported its Q1 2022 financial results, revealing $8.9 million in revenue from 401,214 silver equivalent ounces sold at a realized price of $22.07 per ounce. Free cash generated was $3.4 million, despite a decrease in production due to transitioning to a new operational zone. The Company invested $5.8 million in drilling and exploration, marking a strong focus on the Los Ricos district. Cash reserves stood at $55.8 million, indicating a stable financial position.
GoGold Resources announced encouraging drill results from El Favor East in the Los Ricos North project, with hole LRGF-21-107 intersecting 1.0m of an astonishing 11,307 g/t AgEq within 21.2m of 1,079 g/t AgEq. The drill program aims to expand resources by targeting both up-dip and down-dip zones. The company plans to continue aggressive resource expansion throughout 2022, capitalizing on high-grade mineralization evident in recent drill results. All data will contribute to a future resource update.
GoGold Resources (OTCQX: GLGDF) announced promising drilling results from the Mololoa deposit in Los Ricos North. Key intersections include 5,879 g/t AgEq over 1.0m within 14.6m of 877 g/t AgEq and 8,073 g/t AgEq over 0.6m within 5.3m of 1,286 g/t AgEq. President and CEO Brad Langille noted that these results represent some of the highest grades in the project, boosting expectations for additional resource ounces in 2022. The company plans 100,000m of further drilling following their recent mineral resource estimate release.
GoGold Resources has filed a National Instrument 43-101 Technical Report detailing an Initial Mineral Resource Estimate for the Los Ricos North Project in Jalisco, Mexico. As of December 1, 2021, the Indicated Mineral Resource totals 87.8 million ounces AgEq at 122 g/t AgEq, while Inferred Resources stand at 73.2 million ounces AgEq at 111 g/t AgEq. The company plans to conduct 100,000 metres of additional exploration drilling in 2022 to expand mineral resources further.
GoGold Resources Inc. (OTCQX: GLGDF) announced positive drilling results from its El Favor East project within Los Ricos North. Notably, hole LRGF-21-099 intersected 1.4m of 1,703 g/t silver equivalent (AgEq) within 28.3m of 189 g/t AgEq. This follows an initial resource estimate released on December 7, 2021, based on 100,000 meters of drilling. The company plans to conduct an additional 100,000 meters in 2022, aiming to expand resources significantly.
The successful drilling results indicate strong mineralization and support a future resource update.
GoGold Resources (OTCQX: GLGDF) has announced promising results from 13 drill holes at its Mololoa site within the Los Ricos North project. Hole LRGM-21-077 reported an impressive 1.0 meter intersection of 6,675 g/t silver equivalent (AgEq) within a broader 36.3-meter segment averaging 489 g/t AgEq. These results follow previous mineral resource estimates and indicate a strong resource expansion potential. The company also began drilling at the Gran Cabrera zone, suggesting further exploration potential.