GoGold Resources Inc T.GGD

Alternate Symbol(s): GLGDF

Metals & Mining Silver

GoGold Resources Inc. is a Canada-based silver and gold producer. The Company is principally engaged in the exploration, development, and production of silver and gold in Mexico. It is focused on operating, developing, exploring and acquiring projects in Mexico. The Company operates the Parral Tailings mine (Parral) located in the state of Chihuahua, Mexico, and the Los Ricos district exploration property (Los Ricos), which includes two projects approximately 25 kilometers apart - Los Ricos South (LRS) and Los Ricos North (LRN), which are located in the state of Jalisco, Mexico. The Parral tailings Project is within the town limits of Hidalgo del Parral, in the State of Chihuahua, Mexico, which covers approximately 141 ha. The Los Ricos property is made up of 45 concessions and covers over 25,000 hectares, which is located roughly 100 km northwest of the city of Guadalajara and is easily accessible by paved road.

TSX:GGD - Post by User

GoGold Resources Inc

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Comment by InvestLargeCon May 19, 2018 10:20am

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Post# 28056286

RE:GGD generated both positive CF and FREE CF in Q2 FY 2018 !!

stockfy wrote: GGD generated positive cash flow AND free cash flow in Q2!

Positive operating cash flow was almost US$1 million and free cash flow was US$300,000 in Q2!

And this happened despite the fact that GGD sold much less production than it produced in Q2 due to the settlement delay in the refinery!

This is why the CEO announced in the latest European Gold Forum in April that GGD generates free CF in Q3! Today's reports proves that the generation of FREE CF has started since Q2 despite the settlement delay in the refinery mentioned below:

Halifax, NS – GoGold Resources Inc. (TSX: GGD) (“GoGold”, “the Company”) reports record production of 417,191 silver equivalent ounces in the quarter and generated revenue of $5.4 million on the sale of 337,821 silver equivalent ounces at an average realized price of $15.99 in the quarter ending March 31, 2018. (All amounts are in U.S. dollars)

The difference between ounces produced and sold was attributed to an increase in ounces awaiting settlement at the refinery. These ounces were received and sold in April 2018 and the Company does not expect there to be a delay in settlements in the current quarter. The Company’s production represents an increase of 50% over the second quarter of 2017 and the sixth consecutive quarter of production growth.