GoGold Resources Inc report production for the quarter ending December 31, 2024 of 551,337 silver equivalent ounces, consisting of 226,343 silver ounces, 3,213 gold ounces. & other metals. “Parral’s SART Zinc circuit, which was completed in 2024, has exceeded expectations on both base metal production and has increased the leachability of gold and silver in the heap as well, which is driving the 36% increase in production which we saw this quarter.
We expect the benefits of this optimization to continue through 2025. We believe Parral will prove to be a significant source of additional capital as we embark on anticipated construction of Los Ricos South,” said Brad Langille, President and CEO.
In 2025, we see the following key milestones adding significant shareholder value,
1: Our expectation is that we will receive a positive outcome on our permit application for our underground mine at Los Ricos South by the end of March 2025;
2: Enter into definitive agreement on project financing for balance of funds required for construction of Los Ricos South, discussions with prospective lenders are positive and are in advanced stages.
3: Anticipate a definitive positive construction decision of Los Ricos South after DFS, permits, and financing in place.
4: Continue with Los Ricos South near mine exploration, targeting additional growth in resources during the anticipated construction phase of the mine.
5: Upgrade the Los Ricos North project with more drilling, advancing engineering and technical reports, with the ultimate objective of proceeding to the mine permitting stage.
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