GoGold produces 456,179 AgEq oz at Parral in fiscal Q1

Executive Summary

• GoGold Resources Inc. reported Q1 2026 production figures for its Parral mine, totaling 456,179 silver equivalent ounces.
• The company generated record cash flows during the quarter, supported by a strong balance sheet with $245 million in U.S. cash.
• Management anticipates placing orders for long-lead-time items for the upcoming mine build at Los Ricos South while awaiting final environmental permits.

Key Details

• Total Production: 456,179 silver equivalent ounces.
• Metal Breakdown:
  • Silver: 205,104 ounces.
  • Gold: 2,914 ounces.
  • Copper: 96 tonnes.
  • Zinc: 150 tonnes.
• Production Trends vs. Previous Quarter:
  • Gold production increased by approximately 8%.
  • Silver production decreased slightly by 3%.
  • The reported silver equivalent production appears lower than the previous quarter due to a marked increase in the silver price relative to the gold price.
• Financial Position:
  • Generated record cash flows.
  • Cash balance stands at $245 million (U.S.).
• Operational Updates:
  • Completing detailed engineering work for the upcoming mine build.
  • Anticipates being in a position to place orders for long-lead-time items in the coming weeks.
  • Awaiting final environmental permit for the Los Ricos South project.

Notable Quotes

• "Parral had an excellent quarter for the company, generating record cash flows. Current market silver and gold prices have substantially increased since the end of December. As we report our production in silver equivalent ounces and the silver price has increased markedly relative to the gold price, our reported silver equivalent production appears lower compared to the previous quarter. Gold production increased by approximately 8 per cent, while silver production slightly decreased by 3 per cent compared to the previous quarter." — Brad Langille, President and CEO.
• "Our very strong balance sheet, which includes a cash balance of $245-million (U.S.), together with our record Parral cash flow has put us in an excellent position for our upcoming mine build." — Brad Langille, President and CEO.