GoGold Releases Financial Results for Q3 2025 Generating Net Income of $8.2M USD
GoGold Resources (OTCQX:GLGDF) reported strong financial results for Q3 2025, generating net income of $8.2 million and revenue of $17.7 million from the sale of 527,933 silver equivalent ounces at an average price of $33.54 per ounce.
The company's Parral tailings project delivered robust performance, contributing to operating cash flow of $7.2 million. Production reached 555,500 silver equivalent ounces, including 201,616 silver ounces and 3,100 gold ounces. The company maintains a strong financial position with cash reserves of $139 million, bolstered by a $57 million financing during the quarter.
Operating metrics showed improvement with cash costs of $17.21 and AISC of $22.78 per silver equivalent ounce. Year-to-date revenues have more than doubled compared to the previous year, generating operating cash flows exceeding $20 million over the past nine months.
GoGold Resources (OTCQX:GLGDF) ha riportato risultati finanziari solidi per il terzo trimestre del 2025, con un utile netto di 8,2 milioni di dollari e ricavi per 17,7 milioni di dollari derivanti dalla vendita di 527.933 once equivalenti d'argento a un prezzo medio di 33,54 dollari per oncia.
Il progetto di residui di Parral ha mostrato una performance robusta, contribuendo a un flusso di cassa operativo di 7,2 milioni di dollari. La produzione ha raggiunto 555.500 once equivalenti d'argento, comprendendo 201.616 once d'argento e 3.100 once d'oro. L'azienda mantiene una solida posizione finanziaria con riserve di cassa pari a 139 milioni di dollari, rafforzate da un finanziamento di 57 milioni di dollari nel trimestre.
I parametri operativi sono migliorati, con costi in contanti di 17,21 dollari e AISC di 22,78 dollari per oncia equivalente d'argento. I ricavi da inizio anno sono pi霉 che raddoppiati rispetto all'anno precedente, generando flussi di cassa operativi superiori a 20 milioni di dollari negli ultimi nove mesi.
GoGold Resources (OTCQX:GLGDF) report贸 s贸lidos resultados financieros para el tercer trimestre de 2025, generando un ingreso neto de 8.2 millones de d贸lares y unos ingresos de 17.7 millones de d贸lares por la venta de 527,933 onzas equivalentes de plata a un precio promedio de 33.54 d贸lares por onza.
El proyecto de relaves Parral mostr贸 un desempe帽o robusto, contribuyendo a un flujo de caja operativo de 7.2 millones de d贸lares. La producci贸n alcanz贸 555,500 onzas equivalentes de plata, incluyendo 201,616 onzas de plata y 3,100 onzas de oro. La compa帽铆a mantiene una posici贸n financiera s贸lida con reservas de efectivo de 139 millones de d贸lares, reforzada por una financiaci贸n de 57 millones durante el trimestre.
Los indicadores operativos mejoraron con costos en efectivo de 17.21 y AISC de 22.78 d贸lares por onza equivalente de plata. Los ingresos acumulados en el a帽o m谩s que se han duplicado respecto al a帽o anterior, generando flujos de caja operativos superiores a 20 millones en los 煤ltimos nueve meses.
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鞖挫榿 歆�響滊弰 臧滌劆霅橃柎 鞚� 頇橃偘 鞓姢雼� 順勱笀 牍勳毄鞚� 17.21雼煬, AISC電� 22.78雼煬毳� 旮半頄堨姷雼堧嫟. 鞐办磮攵�韯办潣 毵れ稖鞚� 鞝勲厔 雽�牍� 霊� 氚� 鞚挫儊 歃濌皜頄堨溂氅�, 歆�雮� 9臧滌洈臧� 2,000毵� 雼煬 鞚挫儊鞚� 鞓侅梾 順勱笀 頋愲鞚� 彀届稖頄堨姷雼堧嫟.
GoGold Resources (OTCQX:GLGDF) a publi茅 de solides r茅sultats financiers pour le troisi猫me trimestre 2025, g茅n茅rant un revenu net de 8,2 millions de dollars et un chiffre d'affaires de 17,7 millions de dollars gr芒ce 脿 la vente de 527 933 onces 茅quivalentes argent 脿 un prix moyen de 33,54 dollars l'once.
Le projet de r茅sidus de Parral a offert une performance robuste, contribuant 脿 un flux de tr茅sorerie op茅rationnel de 7,2 millions de dollars. La production a atteint 555 500 onces 茅quivalentes argent, incluant 201 616 onces d'argent et 3 100 onces d'or. L'entreprise maintient une position financi猫re solide avec des r茅serves de tr茅sorerie de 139 millions de dollars, renforc茅es par un financement de 57 millions de dollars au cours du trimestre.
Les indicateurs op茅rationnels se sont am茅lior茅s avec des co没ts en esp猫ces de 17,21 dollars et un AISC de 22,78 dollars par once 茅quivalente argent. Les revenus cumul茅s depuis le d茅but de l'ann茅e ont plus que doubl茅 par rapport 脿 l'ann茅e pr茅c茅dente, g茅n茅rant des flux de tr茅sorerie op茅rationnels sup茅rieurs 脿 20 millions de dollars au cours des neuf derniers mois.
GoGold Resources (OTCQX:GLGDF) meldete starke Finanzergebnisse f眉r das dritte Quartal 2025 mit einem Nettoeinkommen von 8,2 Millionen US-Dollar und einem Umsatz von 17,7 Millionen US-Dollar durch den Verkauf von 527.933 Silber盲quivalentunzen zu einem Durchschnittspreis von 33,54 US-Dollar pro Unze.
Das Parral-R眉ckst盲nde-Projekt des Unternehmens zeigte eine robuste Leistung und trug zu einem operativen Cashflow von 7,2 Millionen US-Dollar bei. Die Produktion erreichte 555.500 Silber盲quivalentunzen, darunter 201.616 Unzen Silber und 3.100 Unzen Gold. Das Unternehmen verf眉gt 眉ber eine starke Finanzlage mit Barmitteln in H枚he von 139 Millionen US-Dollar, unterst眉tzt durch eine Finanzierung von 57 Millionen US-Dollar im Quartal.
Die operativen Kennzahlen verbesserten sich mit Cash-Kosten von 17,21 US-Dollar und AISC von 22,78 US-Dollar pro Silber盲quivalentunze. Die Ums盲tze im bisherigen Jahresverlauf haben sich im Vergleich zum Vorjahr mehr als verdoppelt und generierten in den letzten neun Monaten operative Cashflows von 眉ber 20 Millionen US-Dollar.
- Net income increased significantly to $8.2M from a loss in Q3 2024
- Revenue grew 71% year-over-year to $17.7M
- Strong cash position of $139M, up $61M during the quarter
- Operating cash flow of $7.2M vs negative cash flow in Q3 2024
- Production costs improved with AISC decreasing to $22.78 from $24.59 per silver equivalent ounce
- Total tonnes stacked decreased to 402,906 from 425,804 year-over-year
- Cost of sales increased significantly to $10.17M from $4.59M in Q3 2024
Halifax, Nova Scotia--(Newsfile Corp. - August 6, 2025) - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") announces the financial results for the quarter ending June 30, 2025, with the Parral tailings reprocessing project generating revenue of
"Parral continued to generate significant cash flow for the Company during the quarter, driving operating cash flow of
Highlights for the quarter ending June 30, 2025:
- Cash of
$139 million USD, an increase of$61 million during the quarter including the$57 million financing - Cash flow from operations of
$7.2 million - Revenue of
$17.7 million on the sale of 555,933 silver equivalent ounces at an average realized price per ounce of$33.54 - Production of 555,500 silver equivalent ounces, consisting of 201,616 silver ounces, 3,100 gold ounces, 128 copper tonnes, 140 zinc tonnes
- Net income of
$8.2 million - Cash cost per silver equivalent ounce of
$17.21 - All in sustaining cost per silver equivalent ounce of
$22.78
Following are tables showing summarized financial information and key performance indicators:
| Summarized Consolidated Financial Information | Three months ended June 30 | Nine months ended June 30 | |||||||||||
| (in thousands USD, except per share amounts) | 2025 | 2024 | 2025 | 2024 | |||||||||
| Revenue | $ | 17,707 | $ | 10,358 | $ | 54,408 | $ | 26,097 | |||||
| Cost of sales, including depreciation | 10,174 | 4,590 | 34,760 | 17,173 | |||||||||
| Operating income (loss) | 4,629 | 3,600 | 12,079 | 1,869 | |||||||||
| Net income | 8,214 | (483 | ) | 11,436 | 864 | ||||||||
| Basic net income per share | 0.022 | (0.002 | ) | 0.033 | 0.003 | ||||||||
| Cash flow provided by (used in) operations | 7,245 | (2,157 | ) | 20,264 | (9,819 | ) | |||||||
| Key Performance Indicators1 | Three months ended June 30 | Nine months ended June 30 | ||||||||||
| (in thousands USD, except per ounce amounts) | 2025 | 2024 | 2025 | 2024 | ||||||||
| Total tonnes stacked | 402,906 | 425,804 | 1,195,583 | 1,223,665 | ||||||||
| Silver equivalent ounces sold | 527,933 | 365,119 | 1,709,416 | 1,044,346 | ||||||||
| AG真人官方ized silver price | $ | 33.54 | $ | 28.37 | $ | 31.83 | $ | 24.99 | ||||
| Adjusted AISC per silver equivalent ounce2 | $ | 22.78 | $ | 24.59 | $ | 22.73 | $ | 24.47 | ||||
| Adjusted Cash cost per silver equivalent ounce2 | $ | 17.21 | $ | 18.54 | $ | 18.20 | $ | 17.59 | ||||
1Key performance indicators are unaudited non-GAAP measures, see reconciliation in MD&A.
2Gold, copper and zinc are converted using average market prices.
This news release should be read in conjunction with the interim condensed consolidated financial statements for the quarter ended June 30, 2025, notes to the financial statements, and management's discussion and analysis for the quarter ended June 30, 2025, which have been filed on SEDAR+ and are available on the Company's website.
Technical information contained in this news release with respect to GoGold has been reviewed and approved by Mr. Bob Harris, P.Eng., who is a qualified person for the purposes of NI 43-101.
About GoGold Resources
GoGold Resources (TSX: GGD) 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 and development projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit .
For further information please contact:
Steve Low, Corporate Development
GoGold Resources Inc.
T: 416 855 0435
Email : [email protected]
Or visit :
CAUTIONARY STATEMENT:
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.
This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Parral tailings project, the Los Ricos project, future operating margins, future production and processing, and future plans and objectives of GoGold, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.
Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with the GoGold's projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.
Cautionary non-GAAP Measures and Additional GAAP Measures
Note that for purposes of this section, GAAP refers to IFRS. The Company believes that investors use certain non-GAAP and additional GAAP measures as indicators to assess mining companies. They are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared with GAAP. Non-GAAP and additional GAAP measures do not have a standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures presented by other companies.
Additional GAAP measures that are presented on the face of the Company's consolidated statements of comprehensive income include "Operating income (loss)". These measures are intended to provide an indication of the Company's mine and operating performance. Per ounce measures are calculated by dividing the relevant mining and processing costs and total costs by the tonnes of ore processed in the period. "Adjusted cash costs per ounce" and "Adjusted all-in sustaining costs per ounce" are used in this analysis and are non-GAAP terms typically used by mining companies to assess the level of gross margin available to the Company by subtracting these costs from the unit price realized during the period. These non-GAAP terms are also used to assess the ability of a mining company to generate cash flow from operations. There may be some variation in the method of computation of these metrics as determined by the Company compared with other mining companies. In this context, "Adjusted cash costs per ounce" reflects the cash operating costs allocated from in-process and dore inventory associated with ounces of silver and gold sold in the period. "Adjusted cash costs per ounce" may vary from one period to another due to operating efficiencies, grade of material processed and silver/gold recovery rates in the period. "Adjusted all-in sustaining costs per ounce" include total cash costs, exploration, corporate and administrative, share based compensation and sustaining capital costs. For a reconciliation of non-GAAP and GAAP measures, please refer to the Management Discussion and Analysis dated August 5, 2025 for the period ended June 30, 2025, as presented on SEDAR+.
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