Gogold production over 555K oz

Gogold Resources announces the release of financial results for the quarter ending December 31, 2019 with revenue of US$9.3 million from the sale of 555,298 silver equivalent ounces and net income of $535,000. Parral generated $2.3 million of cash flow at site, and the company after general and administrative and working capital changes generated $789,000 from operations. 

 

Parral had another record production quarter and compared to a year ago revenue has more than doubled, driving the turnaround in cash flow from operations, brad langille, president and CEO stated.  With commissioning on the sart underway, we expect to soon realize the benefits of this optimization to parral’s profitability.

 

According to the quarter ended on December, revenue of $9.3 million, an increase of 241% from prior year on the back of record production of 584,988 silver equivalent ounces, an increase of 80% from prior year and earned net income of $535,000.

 

In Addition, The Company Filed An Amended And Restated Annual Information Form On SEDAR As An Update To The Annual Information Form Dated December 30, 2019 To, Among Other Things, Clarify That The Company Considers Their Promotora Tailings Project To Be A Mineral Project On A Property That Is Not Material To The Company.

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