- Polymetallic producer GoGold Resources (TSX:GGD) achieved record quarterly revenue and cash flow in fiscal Q1 2026 driven by strong and consistent production
- GoGold is a Canadian-based silver, gold, copper and zinc producer advancing high-quality projects in Mexico
- GoGold stock has added 109.15 per cent year-over-year but only 24.03 per cent since 2021
GoGold Resources (TSX:GGD), a polymetallic producer in Mexico, achieved record quarterly revenue and cash flow in fiscal Q1 2026 driven by strong and consistent production. Here’s a breakdown:
- Revenue reached US$31.1 million, besting the company’s previous record by 62 per cent.
- Operating cash flow hit US$9.7 million, surpassing the previous record by 23 per cent, generating record free cash flow of US$18.1 million.
- Net income rose to US$13.3 million, up from a US$136 million loss year-over-year.
These record-breaking figures stem from the sale of 486,928 silver equivalent ounces (SEO) at an average realized price of US$63.88 per ounce, comfortably below the US$83.81 price at the time of writing.
The news coincides with strong Q1 2026 production at Parral yielding 456,179 SEO – including 205,104 ounces of silver, 2,914 ounces of gold, 96 tons of copper and 150 tons of zinc – just below the 502,000 SEO average over the past six quarters.
GoGold closed the quarter out with US$245.6 million in cash, granting it considerable flexibility as it ushers its more than 300-million-SEO Los Ricos project towards production.
Management commentary
“Parral is producing record results for the company, with record quarterly cash flows and revenues. Our consistently strong production resulted in record operating cash flows of US$9.7 million in the quarter and net income of US$13.3 million for the quarter, which is approaching last year’s annual net income of US$17.3 million,” Brad Langille, president and chief executive officer of GoGold Resources, said in Wednesday’s news release. “We ended the quarter with US$245 million in cash, which has put us in an exceptional position to capitalize on our upcoming Los Ricos build, while we await our final permits.”
About GoGold Resources
GoGold is a Canadian-based silver, gold, copper and zinc producer advancing high-quality projects in Mexico.
GoGold stock (TSX:GGD) is up by 0.63 per cent trading for C$3.20 as of 10:15 am ET. The stock has added 109.15 per cent year-over-year but only 24.03 per cent since 2021.
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