Halifax, NS – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (“GoGold”, “the Company”) announces
the financial results for the year ending September 30, 2025, with Parral revenue doubling, generating a
record $72.5 million (all amounts are in U.S. dollars) from the sale of 2.1 million silver equivalent ounces.
“Parral had a banner year for us, producing record revenues of $73 million, driving cash flows from
operations of $26 million and net income of $17 million. In 2025, we realized a silver selling price of $33/oz,
so with silver prices currently above $55/oz the outlook for 2026 is very strong,” said Brad Langille,
President and CEO. “With our $143 million CAD bought deal financing completed last month, we currently
have over $240 million USD in cash, and no debt. With our strong balance sheet, and our feasibility study
estimating capital costs of $227 million for the construction of Los Ricos South, we are substantially derisked for the execution phase of the project in 2026. Another substantial advantage for our Company is
the flexibility to aggressively advance Los Ricos North towards feasibility and permitting as we are
constructing the South. We believe that this aggressive plan will realize maximum shareholder value from
these historically strong commodity prices.”
Highlights for the year ending September 30, 2025:
• Cash of $141.1 million USD
• Revenue of $72.5 million on the sale of 2.1 million silver equivalent ounces at an average realized
price per ounce of $33.80 USD
• Net income of $17.3 million
• Production of 2,150,192 silver equivalent ounces, consisting of 851,102 silver ounces, 12,289 gold
ounces, 476 copper tonnes, 609 zinc tonnes
• Adjusted cash cost per silver equivalent ounce of $18.35
• Adjusted all in sustaining cost per silver equivalent ounce of $23.72

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