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Parral Reports Tenth Consecutive Quarter of Positive Cash Flow on Production of 575K AgEq Oz
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Parral Reports Ninth Consecutive Quarter of Positive Cash Flow on Production of 551K AgEq Oz
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Trading Symbols: TSX: GGD
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)
( GoGold , the Company ) is pleased to report production for the quarter ending March 31, 2021 of 551,207 silver equivalent ounces ( AgEq ), consisting of 302,933 silver ounces, 3,208 gold ounces, and 86 tonnes of copper. Parral has generated positive free cash flow for nine consecutive quarters, with estimated free cash flows exceeding US$5.5 million this quarter. Parral has become our engine of free cash flow, generating in excess of US$5.5 million this quarter. Parral has funded our exploration program at Los Ricos for three consecutive quarters, said Brad Langille, President and CEO. Parral s free cash flow, when reinvested in Los Ricos, is creating exceptional value growth for our shareholders.
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K92 Mining Provides 2021 Operational Outlook
K92 Mining Inc.January 20, 2021 GMT Production in 2021 is expected to grow 16-36% year over year, with Gold Equivalent (“AuEq”) production of between 115,000 and 135,000 ounces. High margin production forecasted in 2021, with Cash Costs between $515-565 per ounce gold and All-in Sustaining Costs between $825-$875 per ounce gold. Exploration to increase significantly, with expenditures of $14-17 million projected in 2021. During the course of 2020, the drill rig fleet doubled to ten drill rigs. Our eleventh drill rig is expected to arrive on site imminently.
GoGold Reports Record Quarterly Production of 614K AgEq Oz at Parral
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GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)
( GoGold , the Company ) is pleased to report record production for the quarter ending December 31, 2020 of 614,149 silver equivalent ounces, consisting of 298,591 silver ounces, 3,632 gold ounces, and 125 tonnes of copper. Parral had another excellent quarter, setting another production record, which generated over US$5 million in free cash flow. With the strength of Parral s cash flow, we were able to increase our cash balance from US$53 million at September 30 to US$56 million at December 31, said Brad Langille, President and CEO. For the second consecutive quarter, Parral made GoGold self-funding by paying all of the exploration and administrative costs for the Company.
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