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GoGold Announces Q3 Financial Results

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GoGold Announces Q3 Financial Results

 

 

 

 

 

GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) announces financial results for the quarter ending June 30, 2026 with record quarterly operating cash flows of $26.3 million (all amounts are in U.S. dollars) on revenue of $27.8 million from the sale of 419,986 silver equivalent ounces.

 

“Parral continues to provide excellent results, propelling the Company to record operating cash flows of $26.3 million. As we complete our twelfth year at Parral, it continues to operate strongly and is producing record cash flows for us,” said Brad Langille, President and CEO. “At quarter end, we held $284 million USD in cash, which exceeds the initial capital expenditure of $227 million per the feasibility study for our recently permitted Los Ricos South. With our permit in hand at Los Ricos South and a positive construction decision from the board, we are well positioned to create long-term benefits for all stakeholders.”

 

Highlights for the quarter ending March 31, 2026:

  • Record operating cash flow of $26.3 million USD
  • Cash of $284 million USD
  • Revenue of $27.8 million on the sale of 419,986 SEO at an average realized price per ounce of $66.09
  • Net income of $10.9 million
  • Production of 477,464 SEO, consisting of 268,673 silver ounces, 3,036 gold ounces, 88 tonnes of copper, and 116 tonnes of zinc

 

Following are tables showing summarized financial information and key performance indicators:

 

Summarized Consolidated Financial Information Three months ended Jun 30 Nine months ended Jun 30
(in thousands USD, except per share amounts) 2026 2025 2026 2025
Revenue $        27,758 $        17,707 $        89,191 $        54,408
Cost of sales, including depreciation 11,257 10,174 33,218 34,760
Operating income 10,635 4,572 45,306 11,884
Net income 10,889 8,214 40,633 11,436
Basic net income per share 0.025 0.022 0.095 0.033
Cash flow provided by operations1 26,325 7,245 57,181 20,264

 

Includes a positive adjustment of $15,530 from working capital for the quarter ended June 30, 2026 ($1,792 in June 30, 2025).

 

 

Key Performance Indicators1 Three months ended Jun 30 Nine months ended Jun 30
(in thousands USD, except per ounce amounts) 2026 2025 2026 2025
Total tonnes stacked 424,831 402,906 1,217,881 1,195,583
SEO sold2 419,986 527,933 1,290,609 1,709,416
Realized silver price $        66.09 $        33.53 $        69.11 $        31.83
All in sustaining cost (“AISC”) per SEO2 $        40.78 $        22.78 $        32.90 $        27.55
Cash cost per SEO2 $        24.07 $        17.21 $        23.07 $        18.20

 

1 Key performance indicators are unaudited non-GAAP measures, see reconciliation in MD&A.
2 SEO include gold ounces, copper tonnes, and zinc tonnes sold converted to a silver equivalent based on a ratio of the average market metal price for each period. The ratio of gold:silver for each of the periods presented was: Q3-25 – 98, Q3-26 – 62. The ratio for copper was: Q3-25 – 311, Q3-26 – 181. The ratio for zinc was: Q3-25 – 79, Q3-26 – 48.

 

Silver equivalent ounces sold have been impacted by the strengthening of silver prices relative to gold for the three months ended June 30, 2026 compared to June 30, 2025, with the equivalency ratio of gold:silver decreasing from 98 to 62. For comparison purposes, using the June 30, 2025 equivalency ratio for the quarter ended June 30, 2026 would result in 531,825 SEO sold, which also results in an increase of $8.58 per SEO to AISC. AISC was also significantly impacted in the quarter by a non-cash fair value adjustment of $2.5 million on stock based awards due to the increase in the Company’s share price, this resulted in an increase in AISC of $5.85 per SEO. Adjusting for these items would provide a comparative AISC of $26.35 per SEO.

 

This news release should be read in conjunction with the interim consolidated financial statements for the quarter ended June 30, 2026, notes to the financial statements, and management’s discussion and analysis for the quarter ended June 30, 2026, which have been filed on SEDAR+ and are available on the Company’s website.

 

Technical information contained in this news release with respect to GoGold has been reviewed and approved by Mr. Bob Harris, P.Eng., who is a non-independent qualified person for the purposes of NI 43-101.

 

About GoGold Resources

GoGold Resources is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South project, which is in development with a construction decision approved by the Board, and Los Ricos North exploration and development project, both in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects.

 

Posted August 12, 2026

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