HALIFAX, NS, Jan. 5, 2022 /CNW/ - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to report production for the quarter ending December 31, 2021 of 444,071 silver equivalent ounces, consisting of 195,678 silver ounces, 2,558 gold ounces, and 123 tonnes of copper.
"We are accelerating our aggressive drill program at both Los Ricos North and South and anticipate our normal flow of drilling results from the district over the coming weeks. We see 2022 as a year of aggressive growth in resource ounces at the Los Ricos projects with this growth being financed partially by Parral's cash flow and by our very strong balance sheet," said Brad Langille, President and CEO. "At Parral, we project production this year to be approximately 2 to 2.2 million silver equivalent ounces, with cash flow from Parral contributing towards exploration and general and administrative expenses. In this quarter, we transitioned between different zones in the tailings deposit which impacted production, putting us slightly below our annualized average yearly production."