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GoGold Reports Quarterly Production at Parral of 509,796 Silver Equivalent Ounces

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GoGold Reports Quarterly Production at Parral of 509,796 Silver Equivalent Ounces

 

 

 

 

 

GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) is pleased to report production for the quarter ending June 30, 2022 of 509,796 silver equivalent ounces, consisting of 213,495 silver ounces, 3,081 gold ounces, and 98 tonnes of copper.

 

“Parral production continues to trend higher to normal rates and continues to provide meaningful cash flow contributing to the general and administrative costs and the Los Ricos exploration expenditures,” said Brad Langille, President and CEO.

 

Table 1: Quarterly Production Summary

 

Quarter Ended Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Silver Production (oz) 302,933 315,632 221,202 195,678 186,655 213,495
Gold Production (oz) 3,208 3,170 3,437 2,558 2,791 3,081
Copper Production (tonnes) 86 120 138 123 125 98
Silver Equivalent Production (oz)1 551,207 575,302 526,044 444,071 455,991 509,796
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:  Mar 2021 – 69, Jun 2021 – 68, Sep 2021 – 73, Dec
2021 – 77, Mar 2022 – 77, June 2022 – 83.  The copper:silver ratios were: Mar 2021 – 320, June 2021 – 369, Sep 2021 – 383, Dec 2021 – 417, Mar
2022 – 411, June 2022 – 415.

 

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 July 13, 2022

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