GoGold earns $13.33-million (U.S.) in fiscal Q1

Executive Summary

• GoGold Resources Inc. reported record financial results for the quarter ended December 31, 2025, driven by strong production at its Parral operation.
• The company achieved record quarterly revenue of $31.1 million and record operating cash flows of $9.7 million, significantly exceeding previous records.
• The company ended the quarter with a strong cash position of $245.6 million, positioning it to fund the upcoming Los Ricos build while awaiting final permits.

Key Details

• Revenue: Record quarterly revenue of $31.1 million, a 62% increase over the previous record.
• Cash Flow: Record operating cash flow of $9.7 million (up 23% from previous record); Record Parral free cash flow of $18.1 million.
• Net Income: $13.3 million for the quarter, approaching the prior year's annual net income of $17.3 million.
• Cash Position: $245.6 million in cash at quarter-end.
• Production Volume: 456,179 silver equivalent ounces produced.
• Sales Volume: 486,928 silver equivalent ounces sold.
• Realized Price: Average sales price of $63.88 per silver equivalent ounce sold.
• Production Composition:
  • Silver: 205,104 ounces
  • Gold: 2,914 ounces
  • Copper: 96 tonnes
  • Zinc: 150 tonnes
• Operational Context: CEO Brad Langille noted that the average sales price was well below the current spot price, indicating potential for further margin expansion. The company is currently awaiting final permits for the Los Ricos project.

Notable Quotes

• "Parral is producing record results for the company, with record quarterly cash flows and revenues. We generated revenue of $31.1-million in the quarter at an average sales price for the quarter of $63.88 per silver equivalent ounce sold, which is well below current spot price. Our consistently strong production resulted in record operating cash flows of $9.7-million in the quarter and net income of $13.3-million for the quarter, which is approaching last year's annual net income of $17.3-million," said Brad Langille, president and chief executive officer.
• "We ended the quarter with $245-million in cash, which has put us in an exceptional position to capitalize on our upcoming Los Ricos build, while we await our final permits."