GoGold Releases Record Financial Results for 2025

Core Viewpoint - GoGold Resources Inc. reported significant financial growth for the year ending September 30, 2025, with record revenues driven by increased silver equivalent sales and a strong cash position, indicating a positive outlook for future operations and projects [1][2]. Financial Performance - Revenue for the year reached $72.5 million, doubling from $36.5 million in 2024, with a notable increase in silver equivalent ounces sold to 2.1 million [3][4]. - Net income for the year was $17.3 million, compared to $1.58 million in the previous year, reflecting a substantial improvement in profitability [3][4]. - Cash flow from operations was $25.65 million, a significant turnaround from a cash outflow of $11.26 million in 2024 [3]. Production and Costs - The company produced 2,150,192 silver equivalent ounces, which included 851,102 silver ounces, 12,289 gold ounces, 476 copper tonnes, and 609 zinc tonnes [4]. - Adjusted cash cost per silver equivalent ounce was $18.35, while the adjusted all-in sustaining cost was $23.72 [4]. Market Outlook - The average realized silver price for the year was $33.80 per ounce, with current prices exceeding $55 per ounce, suggesting a strong market outlook for 2026 [2]. - The company has a robust cash position of over $240 million and no debt, positioning it well for future project developments [2]. Project Development - The feasibility study for the Los Ricos South project estimates capital costs of $227 million, with plans to advance both Los Ricos South and North projects simultaneously [2]. - The company aims to maximize shareholder value by aggressively advancing its projects in response to favorable commodity prices [2].