GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) is pleased to announce the financial results for the quarter ending June 30, 2024.  The Company generated revenue of $10.4 million (all amounts are in U.S. dollars) from the sale of 365,119 silver equivalent ounces.

“During the quarter, we passed 10 years of continuous production at Parral.  We constantly make efforts to optimize our operations and congratulate the team on completing 10 years of production,” said Brad Langille, President and CEO.  “We feel that the next decade plus of growth in GoGold lies within our flagship Los Ricos district, with the immediate catalyst being the release of the results of our definitive feasibility study in September at Los Ricos South.  During the engineering work for the feasibility study we have redesigned the mine plan to have a bulk underground operation for at least the first decade of production.  We are confident that we will be issued an underground permit and therefore are preparing to execute on long lead time items such as construction of a power line and paying deposits for certain major components.”

Highlights for the quarter ending June 30, 2024:

• Cash of $76.4 million USD
• Revenue of $10.4 million on the sale of 365,119 silver equivalent ounces at a realized price per ounce of $28.37 per oz
• Production of 400,236 silver equivalent ounces, consisting of 138,708 silver ounces, 2,436 gold ounces, 148 copper tonnes, and 125 zinc tonnes
• First sale of zinc precipitate from SART zinc expansion
• Adjusted cash cost per silver equivalent ounce of $18.54
• Adjusted all in sustaining cost per silver equivalent ounce of $24.59

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

This news release should be read in conjunction with the interim condensed consolidated financial statements for the quarter ended June 30, 2024, notes to the financial statements, and management’s discussion and analysis for the quarter ended June 30, 2024, 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 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.