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INTERNATIONAL. GoGold Resources reported a record production of silver for the quarter as of September 30 of 580,711 equivalent ounces of silver, consisting of 326,625oz of silver and 2,921oz of gold, representing a 29% increase from the equivalent of silver of 451,011 oz from the previous quarter due to the strong production of its Parral tailings project in Chihuahua, Mexico.
Production for its fiscal year that ended on September 30 was 1.8Moz of silver equivalent, consisting of 1.1Moz of silver and 9,149oz of gold, an annual record and an increase of 42% compared to 547,421oz of silver equivalent of the previous year.
In Parral, the construction of a SART processing circuit is scheduled to be completed before the end of the year and will provide economic benefits by allowing the operation to recover a high quality salable copper sulphide product, rebuild cyanide to reduce the highest cost. Individual operation in Parral and improved heap leaching efficiency.
GoGold Resources shares are quoted in C65c, valuing the company at $ 121 million. |
