Golconda Gold Ltd. Releases Q3 2025 Production Update

Core Viewpoint - Golconda Gold Ltd. reported a significant increase in gold production for Q3 2025, achieving 3,588 ounces, marking an 18% rise from Q2 2025 and a 51% increase from Q3 2024, driven by enhanced mining activities at the Princeton orebody [1]. Production Summary - Q3 2025 gold production: 3,588 ounces - Q2 2025 gold production: 3,030 ounces - Q3 2024 gold production: 2,384 ounces - Ore mined from Princeton increased by 81% compared to Q2 2025 [1]. Mining and Processing Data - Total ore mined in Q3 2025: 40,503 tons - Total ore grade in Q3 2025: 3.31 g/t - Total waste in Q3 2025: 18,290 tons - Concentrate produced in Q3 2025: 3,229 tons with a grade of 34.6 g/t [1]. Future Plans - The company plans to commence mining on a second level of the Galaxy ore body by the end of 2025, which will add an additional ore source to the processing plant [1]. - The company is focused on de-leveraging its balance sheet and investing in further expansion at Galaxy, including refurbishing existing infrastructure [1]. Company Overview - Golconda Gold is an un-hedged gold producer and explorer with operations in South Africa and New Mexico, committed to world-class operational standards and community contributions [2]. - The management team consists of senior mining professionals with extensive experience in mining and processing operations [2].