GoGold Reviews Quarterly Manufacturing at Parral of 406,150 Silver Identical Oz.
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GoGold Reviews Quarterly Manufacturing at Parral of 406,150 Silver Identical Oz.


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Buying and selling Symbols: TSX: GGD
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HALIFAX, NS, Oct. 15, 2024 /PRNewswire/ – GoGold Assets Inc. (TSX: GGD) (OTCQX: GLGDF(“GoGold”, “the Company”) is happy to document manufacturing for the quarter finishing September 30, 2024 of 406,150 silver identical oz, consisting of 167,001 silver oz, 2,232 gold oz, 132 tonnes of copper, and 100 tonnes of zinc.

“The quarter yielded continuing production growth, and more importantly we saw a substantial increase in production in the month of September where the heap achieved equilibrium at a level generating significant free cash flow for that month. The addition of the zinc circuit, along with other optimizations, has not only paid off in a saleable zinc product and recycling of the associated cyanide, but also it appears that it has improved the leaching of gold and silver,” Brad Langille, President and CEO said. “As we complete final engineering and anticipate the issuance of our permit for the Los Ricos South underground mine, we see Parral adding meaningfully to our cash flow on a go-forward basis.”

Desk 1: Quarterly Manufacturing Abstract

Quarter Ended

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Silver Manufacturing (oz.)

203,894

169,443

109,016

138,657

138,708

167,001

Gold Manufacturing (oz.)

1,512

1,106

1,848

2,184

2,436

2,232

Copper Manufacturing (tonnes)

135

115

95

93

148

132

Zinc Manufacturing (tonnes)

92

125

100

Silver Identical Manufacturing (oz.)1

375,112

300,789

300,260

375,745

400,236

406,150

1.

“Silver equivalent production” come with gold oz and copper lots produced and transformed to a silver
identical in line with a ratio of the typical marketplace steel value for every length. The gold:silver ratio for
every of the classes introduced had been: Jun 2023 – 82, Sep 2023 – 83, Dec 2023 – 85, Mar 2024 – 93, Jun
2024 – 86, Sep 2024 – 88. The copper:silver ratios had been: Jun 2023 – 352, Sep 2023 –
356, Dec 2023 – 356, Mar 2024 – 365, Jun 2024 – 346, Sep 2024 – 320. The zinc:silver ratios had been: Mar 2024 – 104, Jun
2024 – 98, Sep 2024 – 94.

Desk 2: Annual Manufacturing Abstract

Quarter Ended

Sep 2019

Sep 2020

Sep 2021

Sep 2022

Sep 2023

Sep 2024

Silver Manufacturing (oz.)

1,059,438

1,315,661

1,138,358

741,772

706,891

553,381

Gold Manufacturing (oz.)

9,149

10,089

13,447

10,708

7,032

8,700

Copper Manufacturing (tonnes)

260

470

469

615

468

Zinc Manufacturing (tonnes)

316

Silver Identical Manufacturing (oz.)1

1,847,835

2,295,416

2,270,073

1,810,326

1,517,264

1,482,406

1.

“Silver equivalent production” come with gold oz and copper lots produced and transformed to a silver
identical in line with a ratio of the typical marketplace steel value for every length. The gold:silver ratio for
every of the classes introduced had been: 2019 – 86, 2020 – 89, 2021 – 72, 2022 – 82, 2023 – 83, 2024 – 88.
The copper:silver ratio for the classes introduced had been: 2020 – 302, 2021 – 348, 2022 – 410, 2023 – 373,
2024 – 345. The zinc:silver ratios had been: 2024 – 99.

Mr. Robert Harris, P.Eng. is the certified particular person as outlined by means of Nationwide Device 43-101 and is answerable for the technical knowledge of this let fall indistinguishable to Parral.

About GoGold Assets
GoGold Assets (TSX: GGD) is a Canadian-based silver and gold manufacturer fascinated about working, growing, exploring and obtaining prime attribute tasks in Mexico. The Corporate operates the Parral Tailings mine within the atmosphere of Chihuahua and has the Los Ricos South and Los Ricos North exploration tasks within the atmosphere of Jalisco. Headquartered in Halifax, NS, GoGold is construction a portfolio of low value, prime margin tasks. For more info consult with gogoldresources.com.

CAUTIONARY STATEMENT:

The securities described herein have now not been, and may not be, registered beneath the USA Securities Occupation of 1933, as amended (the “U.S. Securities Act”), or any atmosphere securities regulations, and might not be presented or bought inside of the USA or to, or for the advantage of, U.S. individuals (as outlined in Legislation S beneath the U.S. Securities Occupation) aside from in compliance with the registration necessities of the U.S. Securities Occupation and acceptable atmosphere securities regulations or pursuant to exemptions therefrom. This let fall does now not represent an do business in to promote or a solicitation of an do business in to shop for of any of GoGold’s securities in the USA.

This information let fall would possibly comprise “forward-looking information” as outlined in acceptable Canadian securities law. All statements alternative than statements of ancient truth, integrated on this let fall, together with, with out limitation, statements in regards to the Parral tailings mission, the Los Ricos mission, week working margins, week manufacturing and processing, and week plans and targets of GoGold, represent ahead searching knowledge that contain diverse dangers and uncertainties. Ahead-looking knowledge is in line with quite a lot of components and guesses which were worn to build such knowledge however which would possibly turn out to be fallacious, together with, however now not restricted to, guesses in reference to the continuance of GoGold and its subsidiaries as a going fear, common financial and marketplace statuses, mineral costs, the accuracy of mineral useful resource estimates, and the efficiency of the Parral mission There will also be deny guarantee that such knowledge will turn out to be correct and untouched effects and week occasions may range materially from the ones expected in such forward-looking knowledge.

Noteceable components that might motive untouched effects to range materially from GoGold’s expectancies come with exploration and construction dangers related to the GoGold’s tasks, the failure to determine estimated mineral sources or mineral reserves, volatility of commodity costs, permutations of medication charges, and world financial statuses. For spare knowledge with appreciate to chance components acceptable to GoGold, reference will have to be made to GoGold’s steady disclosure fabrics filed from era to era with securities regulators, together with, however now not restricted to, GoGold’s Annual Data Method. The forward-looking knowledge contained on this let fall is made as of the day of this let fall.

SOURCE GoGold Assets Inc.

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