#Canada #Halifax #GoGold #Parral #Los Ricos

GoGold's Impressive Production Surge in 2024

GoGold Resources Inc., a leading Canadian mining company, has recently revealed a significant rise in its production figures for the quarter ending December 31, 2024. The company reported an impressive production of 551,337 silver equivalent ounces. This figure encompasses 226,343 ounces of silver, 3,213 ounces of gold, along with 121 tonnes of copper and 161 tonnes of zinc. This marks a 36% increase from previous quarters, underscoring the effectiveness of their operational optimizations at the Parral project.

Operational Highlights

The surge in production can primarily be attributed to the SART Zinc circuit at the Parral project, completed in 2024. This enhancement has significantly improved both base metal recovery and the leachability of precious metals like gold and silver from the heap. The sustained success of this optimization is anticipated to continue benefiting GoGold throughout 2025.

As of the end of December 2024, the company's cash balance also saw an uptick, rising from $72 million on September 30 to $76 million, which is expected to further support the anticipated construction of the Los Ricos South project.

Looking Ahead to 2025

Brad Langille, President and CEO of GoGold, highlighted key growth milestones for 2025, which include:

• - Enhanced contributions from the Parral project towards a robust cash reserve to support the upcoming Los Ricos South project.
• - The imminent release of the Definitive Feasibility Study (DFS) for Los Ricos South.
• - Expectation of a positive outcome for the underground mine permit application for Los Ricos South by March 2025.
• - Continuous discussions on project financing with potential lenders, showing positive progression towards securing necessary funds for construction.
• - A definitive positive construction decision for Los Ricos South post-DFS, permitting, and securing financing.
• - Ongoing near mine exploration at Los Ricos South to identify additional resource growth opportunities during the construction phase.
• - Enhancement of the Los Ricos North project through further drilling and advancement of engineering studies to move toward mine permitting in the future.

Production Breakdown

Here’s a summary of GoGold’s quarterly production:


The above results showcase GoGold’s formidable operational capability and scope for future growth in the mining sector. With a strong focus on low-cost, high-margin projects in Mexico, GoGold is well-positioned to deliver sustainable value to its stakeholders and continue its success in 2025 and beyond.

As the company makes significant strides in enhancing its projects, stakeholders and investors alike are anticipating even greater achievements from GoGold Resources in the forthcoming year.

About GoGold Resources

GoGold Resources Inc. specializes in operating, developing, exploring, and acquiring high-quality mining projects across Mexico. Headquartered in Halifax, Nova Scotia, the company operates the Parral Tailings mine situated in Chihuahua, alongside its exploration projects, Los Ricos South and Los Ricos North, located in Jalisco. GoGold proudly aims to bolster its portfolio with projects that promise low operational costs and substantial returns.