Core Viewpoint - GoGold Resources Inc. reported strong financial results for Q3 2025, with significant revenue growth driven by the Parral tailings reprocessing project, generating a net income of $8.2 million USD and revenues of $17.7 million from the sale of silver equivalent ounces [1][2][5]. Financial Performance - Revenue for the quarter ending June 30, 2025, was $17.7 million, compared to $10.4 million in the same quarter of 2024, representing a year-over-year increase of approximately 70% [3]. - The cost of sales, including depreciation, was $10.2 million for Q3 2025, up from $4.6 million in Q3 2024 [3]. - Operating income for the quarter was $4.6 million, compared to $3.6 million in Q3 2024 [3]. - Net income for the quarter was $8.2 million, a significant improvement from a net loss of $0.5 million in Q3 2024 [3]. - Basic net income per share was $0.022, compared to a loss of $0.002 per share in the same quarter of the previous year [3]. Cash Flow and Position - The company generated operating cash flow of $7 million during the quarter, exceeding expenditures at Los Ricos and corporate costs [2]. - Cash flow from operations for the nine months ending June 30, 2025, was over $20 million, compared to a cash outflow of $9.8 million in the same period of 2024 [3]. - GoGold's cash position increased to $139 million, reflecting a $61 million increase during the quarter, including $57 million from financing [5]. Production and Sales Metrics - The company sold 527,933 silver equivalent ounces during the quarter at an average realized price of $33.54 per ounce [5]. - Total production for the quarter included 201,616 silver ounces, 3,100 gold ounces, 128 copper tonnes, and 140 zinc tonnes [5]. - The adjusted all-in sustaining cost (AISC) per silver equivalent ounce was $22.78, while the adjusted cash cost per silver equivalent ounce was $17.21 [5]. Future Outlook - The company anticipates receiving a permit for the Los Ricos South project, supported by its strong cash flow generation and capital position [2].
GoGold Releases Financial Results for Q3 2025 Generating Net Income of $8.2M USD
Newsfileยท2025-08-06 13:00