GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)  is pleased to report production for the quarter ending December 31, 2024 of 551,337 silver equivalent ounces, consisting of 226,343 silver ounces, 3,213 gold ounces, 121 tonnes of copper, and 161 tonnes of zinc.

“Parral’s SART Zinc circuit, which was completed in 2024, has exceeded expectations on both base metal production and has increased the leachability of gold and silver in the heap as well, which is driving the 36% increase in production which we saw this quarter. We expect the benefits of this optimization to continue through 2025. In the quarter, our cash balance increased from $72M on September 30 to $76M at December 31. We believe Parral will prove to be a significant source of additional capital as we embark on anticipated construction of Los Ricos South,” said Brad Langille, President and CEO.  “In 2025, we see the following key milestones adding significant shareholder value:

• Parral significantly contributing to the growth in our cash balance leading up to and during the anticipated construction at Los Ricos South;
• Release of Los Ricos South’s Definitive Feasibility Study (“DFS”) expected imminently;
• Our expectation is that we will receive a positive outcome on our permit application for our underground mine at Los Ricos South by the end of March 2025;
• Enter into definitive agreement on project financing for balance of funds required for construction of Los Ricos South, discussions with prospective lenders are positive and are in advanced stages;
• Anticipate a definitive positive construction decision of Los Ricos South after DFS, permits, and financing in place;
• Continue with Los Ricos South near mine exploration, targeting additional growth in resources during the anticipated construction phase of the mine;
• Upgrade the Los Ricos North project with more drilling, advancing engineering and technical reports, with the ultimate objective of proceeding to the mine permitting stage.”

Table 1: Quarterly Production Summary

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 related to Parral.

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.

Figure 1: Quarterly Production Summary (CNW Group/GoGold Resources Inc.)