GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) is pleased to announce the release of financial results for the quarter ending March 31, 2020 with revenue of $8.6 million (all amounts are in U.S. dollars) from the sale of 567,013 silver equivalent ounces which provided cash flow from operations of $1.9 million.

“The Company’s operations generated $1.9 million USD of cash flow, net of general and administrative expenses, in the quarter.  Parral had another record production quarter, which covered corporate general and administrative expenses and the majority of our exploration expenditures at Los Ricos,” Brad Langille, President and CEO stated.  “With our $19.1 million cash balance and the cash flow from our Parral operation, we are well positioned to execute on our Los Ricos project.”

Financial Highlights for the quarter ending March 31, 2020:

• Cash flow from operations of $1.9 million
• Revenue of $8.6 million, at a realized price per ounce of $15.19
• Record production of 600,697 silver equivalent ounces, an increase of 42% from prior year
• Cash of $19.1 million, an increase from $2.4 million at September 30, 2019
• All in sustaining costs of $15.10 per silver equivalent ounce
• Cash costs of $12.33 per silver equivalent ounce

This news release should be read in conjunction with the interim condensed consolidated financial statements for the quarter ended March 31, 2020, notes to the financial statements, and management’s discussion and analysis for the quarter ended March 31, 2020, 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.