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Message: GoGold Up Near 7% As Reports Record Parral Production for Quarter ending March 31, 2019; Flags Further Improvement

GoGold Up Near 7% As Reports Record Parral Production for Quarter ending March 31, 2019; Flags Further Improvement

posted on Apr 04, 2019 12:17PM

 

2019-04-04 12:14:42 PM ET (MT Newswires)
   
   

12:14 PM EDT, 04/04/2019 (MT Newswires) -- GoGold Resources Inc. (GGD.TO) was at last look up near 7% as it announced Thursday record production of 288,693 ounces of silver and 1,613 ounces of gold for 424,210 silver equivalent ounces at the Parral project during the quarter ended March 31, 2019, an increase of 30% from the previous quarter. It said this eclipses the previous production record of 417,191 set in March 2018.

In a statement, the company said it continues to focus on "quality agglomeration to ensure strong recoveries are achieved." In the most recent quarter, the company began increasing the number of daily tons placed on the heap leach pad which is the main driver of increased production. During the quarter ended March 31, 2019, it placed 478,874 tons on the heap leach pad which is an increase of 35% over the previous quarter.

Brad Langille, President and CEO, in the statement said, "Production increased each month during the quarter and the company expects that there will be continued improvement in the June 30, 2019 quarter."

Price: 0.31, Change: +0.02, Percent Change: +6.90

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