GoGold Reports 36% Production Increase at Parral, Eyes Los Ricos South Development

GoGold Resources ( (TSE:GGD) ) has shared an announcement.

GoGold Resources has reported a 36% increase in silver equivalent production at its Parral site, reaching 551,337 ounces for the quarter ending December 31, 2024. This increase was driven by the successful operation of the SART Zinc circuit, which improved base metal production and gold and silver leachability. The company’s cash balance rose from $72 million to $76 million, and it expects Parral to significantly contribute to its financing needs for the anticipated construction of Los Ricos South. Upcoming milestones for 2025 include the release of Los Ricos South’s Definitive Feasibility Study, positive permitting outcomes for an underground mine, and advancing project financing discussions.

More 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 Chihuahua and has Los Ricos South and Los Ricos North exploration projects in Jalisco, building a portfolio of low-cost, high-margin projects.

YTD Price Performance: -0.24%

Average Trading Volume: 168,375

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $261.8M

For detailed information about GGD stock, go to TipRanks’ Stock Analysis page.