GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) announces the financial results for the year ending September 30, 2024, with Parral revenue increasing by 20%, generating $37 million (all amounts are in U.S. dollars) from the sale of 1.4 million silver equivalent ounces.

“The SART Zinc circuit addition which we completed in the year has performed well.  Not only has the circuit given us a saleable zinc precipitate, but also removing zinc from the solution has increased the leachability of the gold and silver.  This has significantly increased the production and profitability at Parral, which we are seeing in our current December quarter,” said Brad Langille, President and CEO.  “Looking forward to 2025, we are confident we will have our permit for Los Ricos South and be in a position to make a positive construction decision moving towards production of the Company’s second operating mine.”

Highlights for the year ending September 30, 2024:

• Cash of $72.0 million USD
• Revenue of $36.5 million on the sale of 1.4 million silver equivalent ounces at an average realized price per ounce of $25.95 USD
• Net income of $1.6 million
• Production of 1,482,391 silver equivalent ounces, consisting of 553,382 silver ounces, 8,700 gold ounces, 468 copper tonnes, 316 zinc tonnes
• Adjusted cash cost per silver equivalent ounce of $17.62
• Adjusted all in sustaining cost per silver equivalent ounce of $24.15

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

This news release should be read in conjunction with the consolidated financial statements for the year ended September 30, 2024, notes to the financial statements, and management’s discussion and analysis for the year ended September 30, 2024, which have been filed on SEDAR and are available on the Company’s website.   The Company’s annual information form has also been filed and is available on SEDAR and 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 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 and Los Ricos North exploration projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects.