GoGold reports record quarterly production at Parral
(Kitco News) - GoGold Resources (TSX: GGD) today reported record production for the quarter ending December 31, 2020 of 614,149 silver equivalent ounces, consisting of 298,591 silver ounces, 3,632 gold ounces, and 125 tonnes of copper.
“Parral had another excellent quarter, setting another production record, which generated over US$5 million in free cash flow. With the strength of Parral’s cash flow, we were able to increase our cash balance from US$53 million at September 30 to US$56 million at December 31,” said President and CEO Brad Langille. “For the second consecutive quarter, Parral made GoGold self-funding by paying all of the exploration and administrative costs for the company,” added Langille.
GoGold Resources 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.