Gogold Annual Production Increases 45%

2025-10-16 08:07:47

(MENAFN- Newsfile Corp) Halifax, Nova Scotia--(Newsfile Corp. - October 16, 2025) - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to report a 45% increase in production for the year ending September 30, 2025, to 2,150,192 silver equivalent ounces, consisting of 851,102 silver ounces, 12,289 gold ounces, 476 tonnes of copper, and 609 tonnes of zinc.

"Parral delivered an excellent year for the Company, with production up 45% from 2024 to 2025. Through the year it provided excellent cash flow, which continues to improve with the increase in metal prices," Brad Langille, President and CEO stated. "Our very strong balance sheet, which includes a cash balance of $141 million USD at year end, together with the continued robust Parral cash flow has put us in an excellent position for our upcoming mine build. It also provides flexibility to advance Los Ricos North and explore around our mine reserves as we approach the execution phase at Los Ricos South."

Table 1: Annual Production Summary

Quarter Ended	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Silver Production (oz)	1,315,661	1,138,358	741,772	706,891	553,381	851,102
Gold Production (oz)	10,089	13,447	10,708	7,032	8,700	12,289
Copper Production (tonnes)	260	470	469	615	468	476
Zinc Production (tonnes)	-	-	-	-	316	609
Silver Equivalent Production (oz) ¹	2,295,416	2,270,073	1,810,326	1,517,264	1,482,406	2,150,192

"Silver equivalent production" include gold ounces, copper tons and zinc 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 were: 2020 - 89, 2021 - 72, 2022 - 82, 2023 - 83, 2024 - 88, 2025 - 90. The copper:silver ratio for the periods presented were: 2020 - 302, 2021 - 348, 2022 - 410, 2023 - 373, 2024 - 345, 2025 - 296. The zinc:silver ratios were: 2024 - 99, 2025 - 85.

Table 2: Quarterly Production Summary

Quarter Ended	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Silver Production (oz)	138,708	167,001	226,343	210,289	201,616	212,854
Gold Production (oz)	2,436	2,232	3,213	3,279	3,100	2,697
Copper Production (tonnes)	148	132	121	117	128	110
Zinc Production (tonnes)	125	100	161	157	140	150
Silver Equivalent Production (oz) ¹	400,236	406,150	551,337	555,479	555,500	487,876

"Silver equivalent production" include gold ounces, copper tons and zinc 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 were: Jun 2024 - 86, Sep 2024 - 88, Dec 2024 - 90, Mar 2025 - 90, Jun 2025 - 98, Sep 2025 - 88. The copper:silver ratios were: Jun 2024 - 346, Sep 2024 - 320, Dec 2024 - 299, Mar 2025 - 318, Jun 2025 - 311, Sep 2025 - 251. The zinc:silver ratios were: Jun 2024 - 98, Sep 2024 - 94, Dec 2024 - 97, Mar 2025 - 89, Jun 2025 - 79, Sep 2025 - 72.

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 related to Parral.

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 mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration and development projects 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.

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