Halifax, NS – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (“GoGold”, “the Company”) is pleased to report production for the quarter ending June 30, 2020 of 504,444 silver equivalent ounces, consisting of 270,044 silver ounces, 1,914 gold ounces, and 104 tonnes of copper.
Production in the quarter was only reduced by 16% compared to the previous quarter, despite being impacted by a partial shutdown of Parral due to COVID-19. While leaching of material on the heap leach continued throughout the quarter, stacking of fresh material was reduced, but has since returned to pre-shutdown stacking rates, with monthly production now approaching pre-COVID levels.
“In spite of the COVID-19 related shutdown at Parral for part of the quarter, we were able to achieve an exceptional result. With the increase in realized silver price for the quarter of approximately $1.50 per ounce, there was minimal economic impact at Parral,” said Brad Langille, President and CEO. “We expect to see similar site cash flows as the previous quarter.”

Table 1: Quarterly Production Summary
Quarter Ended Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
Silver Production (oz) 250,073 326,625 379,082 365,795 270,044
Gold Production (oz) 2,281 2,921 2,407 2,355 1,914
Copper Production (tonnes) - - - 28 104
Silver Equivalent Production (oz)1 451,011 580,711 584,988 600,697 504,444

1. “Silver equivalent production” include gold ounces and copper tons produced and converted to a silver equivalent based on a ratio of the average market metal price for each period.
The gold:silver ratio for each of the periods presented was: Jun 2019 – 88, Sep 2019 – 87, Dec 2019 – 86, Mar 2020 – 96, Jun 2020 – 105. The copper:silver ratios were: Mar 2020 – 340, June 2020 – 326.
Mr. Robert Harris, P.Eng. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release.

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 project in the state of Chihuahua and has the Los Ricos exploration project in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.