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GoGold Reports 10% Increase in Production at Parral
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) is pleased to report production for the quarter ending December 31, 2022 of 441,217 silver equivalent ounces, consisting of 159,838 silver ounces, 2,399 gold ounces, and 222 tonnes of copper. This represents an increase of 10% in silver equivalent production from the quarter ended September 30, 2022.
“In 2023, we are entering our ninth year of production at Parral. Our operations team have proven their ability in delivering a consistent, safe, environmentally friendly operation. This expertise will be invaluable as we advance development at Los Ricos towards the ultimate goal of production,” said Brad Langille, President and CEO. “2023 will truly be a transformative year for GoGold.”
Table 1: Quarterly Production Summary
| Quarter Ended | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 |
| Silver Production (oz) | 221,202 | 195,678 | 186,655 | 213,495 | 145,944 | 159,838 |
| Gold Production (oz) | 3,437 | 2,558 | 2,791 | 3,081 | 2,278 | 2,399 |
| Copper Production (tonnes) | 138 | 123 | 125 | 98 | 124 | 222 |
| Silver Equivalent Production (oz)1 | 526,044 | 444,071 | 455,991 | 509,796 | 400,467 | 441,217 |
| 1. “Silver equivalent production” include gold ounces and copper tons produced and converted to a silver equivalent based on a ratio of the average market metal price for each period. The gold:silver ratio for each of the periods presented was: Sep 2021 – 73, Dec 2021 – 77, Mar 2022 – 77, June 2022 – 83, Sep 2022 – 90, Dec 2022 – 82. The copper:silver ratios were: Sep 2021 – 383, Dec 2021 – 417, Mar 2022 – 411, June 2022 – 415, Sep 2022 – 398, Dec 2022 – 377. | ||||||
Mr. Robert Harris, P.Eng. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release.
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.
Posted January 11, 2023
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