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GoGold Reports Impressive Financial Results for 2024

GoGold Resources Inc., a leading name in the mining industry, recently revealed its financial outcomes for the fiscal year ending September 30, 2024. The company has demonstrated considerable growth, notably in revenue and production, making significant strides towards its future goals.

Revenue and Production Highlights

One of the standout achievements for GoGold was a 20% increase in revenue from its Parral operations, totaling $37 million. This impressive figure stemmed from the sale of 1.4 million silver equivalent ounces at an average realized price of $25.95 USD per ounce. These results reflect the company's successful strategies and commitment to operational excellence in an increasingly competitive market.

President and CEO Brad Langille commented on the positive performance, stating, "The addition of the SART Zinc circuit has greatly enhanced our operations. Not only have we been able to produce a saleable zinc precipitate, but the removal of zinc from the solution has boosted the leachability of gold and silver. This change has positively impacted our production levels and profitability, particularly noticeable in the current quarter of December."

Key Financial Metrics:

• - Cash Reserves: GoGold finished the year with $72 million USD in cash, positioning it well for future developments.
• - Net Income: The company recorded a net income of $1.6 million for the year, a notable turnaround from previous losses, indicating robust operational management and a solid market position.
• - Production Figures: Total production included 1,482,391 silver equivalent ounces, comprising 553,382 silver ounces, 8,700 gold ounces, 468 tonnes of copper, and 316 tonnes of zinc. This diversified production portfolio highlights GoGold's capabilities.

• - Cost Management: The adjusted cash cost per silver equivalent ounce stood at $17.62, and the adjusted all-in sustaining cost was recorded at $24.15, further indicating efficient cost control and operational performance.

Future Prospects

As GoGold looks towards 2025, the company anticipates receiving permits for the Los Ricos South project, setting the stage for making pivotal decisions regarding the construction of its second operational mine. This expansion will further solidify GoGold's stronghold in the mining sector, particularly in Mexico.

GoGold Resources, headquartered in Halifax, Nova Scotia, is dedicated to operating, developing, and exploring high-quality projects, primarily focused on silver and gold production in Mexico. The ongoing projects include the Parral Tailings mine in Chihuahua, along with exploration initiatives in Los Ricos North and South in Jalisco.

This robust financial performance and strategic planning position GoGold favorably for the forthcoming years. The company continues to strive for excellence and sustainable growth, making it a significant player in the silver and gold industries. For additional details, you can explore their official website at gogoldresources.com.

In summary, GoGold Resources' results for 2024 encapsulate a year of resilience, strategic enhancements, and promising future opportunities, underpinning its reputation as a notable entity in mining and resource extraction. Stay tuned for more updates as GoGold advances its operations in the coming years.