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Golconda Gold Ltd. Releases Q3 2025 Production Update

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Golconda Gold Ltd. Releases Q3 2025 Production Update

 

 

 

 

 

Golconda Gold Ltd. (TSX-V: GG) (OTCQB: GGGOF) is pleased to announce production of 3,588 ounces of gold for the third quarter of 2025 at its Galaxy Gold Mine, an 18% increase in gold production compared to Q2 2025 and a 51% increase compared to Q3 2024.

 

The Q3 production numbers are as follow:

 

Mining     Q3
2025
Q2
2025
Q3
2024
Princeton Ore Mined (t) 22,303 12,346 7,231
Ore Grade (g/t) 3.39 4.63 3.95
Waste (t) 11,037 11,317 10,669
Galaxy Ore Mined (t) 18,200 19,135 20,870
Ore Grade (g/t) 3.22 3.06 2.91
Waste (t) 7,253 10,410 14,580
Total Ore Mined (t) 40,503 31,481 28,101
Ore Grade (g/t) 3.31 3.67 3.18
Waste (t) 18,290 21,727 25,249

 

Processing     Q3
2025
Q2
2025
Q3
2024
Concentrate produced   (t) 3,229 2,480 2,129
Concentrate grade   (g/t) 34.6 38.0 34.8
Gold produced   (oz) 3,588 3,030 2,384

 

Golconda Gold CEO, Ravi Sood commented: “Galaxy achieved record gold production in Q3, totalling 3,588 ounces of gold, an 18% increase on Q2 2025 and a 51% increase on Q3 2024. This was largely due to increased ore mined from the Princeton orebody, increasing 81% compared to Q2 2025 due to commencing mining at the Princeton Top section during the quarter. Production in the first three quarters of 2025 is 74% ahead of the same period in 2024. With the materially higher gold price, the Company is generating significant operational cash flow and continues to de-leverage its balance sheet and invest in further expansion at Galaxy, including refurbishment of the existing sub-vertical shaft and associated infrastructure to allow mining on a second level at the Galaxy ore body by the end of 2025, adding an additional ore source to the processing plant, which has significant spare capacity1.”

 

About Golconda Gold

 

Golconda Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. Golconda Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol “GG” and the OTCQB under the symbol “GGGOF”. Golconda Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Golconda Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.

 

Posted October 8, 2025

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