Latest news with #Parral
Globe and Mail
16 hours ago
- Business
- Globe and Mail
Junior Miner Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) Drilling in Mexico's Silver Belt
a featured article on Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF). Kingsmen Resources Ltd is a junior mining company headquartered in Vancouver, British Columbia, focused on the exploration of its 100% owned Las Coloradas silver project in the prolific Parral mining district of Chihuahua, Mexico. 'The best place to find a mine is where there was one.'- Kingsmen CEO June 9, 2025- a global investor news source covering mining and metals stocks issues a featured article on Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF). Kingsmen Resources Ltd is a junior mining company headquartered in Vancouver, British Columbia, focused on the exploration of its 100% owned Las Coloradas silver project in the prolific Parral mining district of Chihuahua, Mexico. Following a recent Exploring Mining Podcast with Scott Emerson, President & CEO of Kingsmen Resources Ltd,, Investor Ideas highlights key points discussed, recent news from the Company and the catalysts moving Kingsmen forward. So why Chihuahua, Mexico? Scott Emerson told 'The best place to find a mine is where there was one.' 'When I was identifying potential projects, I wanted a project that no other junior had ever held before.' The Las Coloradas mine, historically operational from 1944 to 1952, and was a significant silver producer. Mining focused on high-grade epithermal veins along the Soledad and Soledad II structures, with historical grades reaching up to 600 g/t silver. The deposit features silver, gold, copper, lead, and zinc in quartz-calcite veins, typical of the region's carbonate replacement deposits. Past production targeted shallow oxide ore, leaving untapped potential at depth. With recent news announcements of a $1.135 million capital raise and the commencement of a 14-hole diamond drilling program, Kingsmen is positioning itself as a notable player in the area. Located approximately 30 kilometers southeast of Hidalgo de Parral in the Central Mexican Silver Belt, the Las Coloradas project is an underground epithermal, high-grade, narrow-vein silver-gold-copper-lead-zinc deposit within Chihuahua's Carbonate Replacement Deposits belt. The property spans a 1.7 km mineralized corridor, with key structures such as Soledad and Soledad II hosting significant silver and gold potential. The project's proximity to other major mining operations, such as First Majestic's Gatos Mine (NYSE:AG) (TSX:AG) (70 km north) and Kootenay Silver Inc.'s (TSXV: KTN) (OTCQX: KOOYF) La Cigarra project (35 km northwest), underscores its strategic location in a district known for its rich mineral endowment. Kingsmen's exploration efforts have focused on expanding known mineralization along the Soledad and Soledad II structures, which extend 1.7 km and 1.4 km, respectively. Recent geochemical sampling has revealed promising silver-gold correlations across three target zones—Mine, Aguilar, Leona, and the newly identified DBD zone—indicating potential for both quartz vein silver mineralization and intrusion-related gold-enriched targets. The company's data-driven approach, including 3D -IP (Induced polarization), has refined drill targets to test mineralization at depth, where blind extensions and new structures are likely below the water table (approximately 125 meters). The ongoing 14-hole diamond drilling program, which has been announced, targets these high-grade zones, with drill pads already constructed and all necessary permits and land access agreements secured. The program aims to confirm the continuity of mineralization along strike and at depth, potentially unlocking significant value by delineating a resource in a historically productive mining district. CEO Scott Emerson has emphasized the company's vision to become 'the preeminent explorer in the Parral mining district,' highlighting the project's scalability and exploration upside. From the news:"We're thrilled to be able to launch our initial drill program at our Las Coloradas project. It's rare to control a project in the prolific Parral Mining District that hosts documented high-grade silver, but which is essentially untested due to its previously fragmented ownership. After months of rigorous technical work, culminating in our recent IP geophysical survey, we interpret a deeper, coherent mineralizing system at Las Coloradas than has been documented or tested to date. This campaign marks a pivotal moment for Kingsmen shareholders as we embark on a well-designed drill program, that we believe gives us an excellent chance of discovery." Chihuahua's mining-friendly environment further enhances the project's potential. The state is a hub for mineral production, with a well-established infrastructure and a skilled workforce, as noted on Chihuahua's official mining portal. This supportive backdrop, combined with the region's geological potential, positions Las Coloradas as a cornerstone asset for Kingsmen. As Scott talks about in the recent podcast, Kingsmen's capital structure is designed to support its exploration ambitions while maintaining a tight share count. As of the latest disclosures on the company's website, Kingsmen has approximately 26 Million common shares issued and outstanding. The company also has 1.6million stock options and 4.7million warrants outstanding, resulting in a fully diluted share count of around 31 million. Scott also told in the recent interview that he and his family first invested in the company at $0.15 a share; there were no free shares issued. Scott Emerson and his family own about 30% he says. No shares were issued for debt and no shares issued for the property acquisition. A second round was done at $0.25. In April 2025, Kingsmen announced a non-brokered private placement targeting up to $1.5 million, which was successfully closed in May 2025 at $1.135 million. The offering consisted of units priced at $0.72 each comprising one common share and one-half of a warrant exercisable at $1.05 for 24 months. The proceeds are earmarked for advancing the Las Coloradas drilling program and general working capital, ensuring the company is well-funded for its near-term objectives. The company also holds a 1% net smelter return (NSR) royalty on the La Trini claims, part of GoGold Resources Inc.'s Los Ricos North project in Mexico, providing a potential passive income stream to complement its exploration activities. Experienced Management: Led by President and CEO Scott Emerson, Kingsmen's team has a track record of advancing exploration projects. Emerson's focus on data-driven exploration and district-scale potential underscores the company's disciplined approach to value creation. Kieran Downes, a Professional Geologist with more than 40 years of expertise in gold, base metals, uranium, and diamond exploration, serves as a director. He earned a (Hons.) in Geology from University College Galway in 1971 and a Ph.D. in Geology from Dublin University in 1974. Mr. Downes was a Post-Doctoral Fellow at the Institute for Industrial Research & Standards, Dublin, from 1974 to 1977. As a Registered Professional Geologist in British Columbia, he leads Tristia Ventures Corp., a firm specializing in mineral exploration, property valuation, and geochemistry services. Maintaining a base in Mexico, Carlos Garza, an Industrial and Systems Engineer, serves as a director with extensive experience in mining consulting. As a key figure in a mining consulting firm, Mr. Garza spearheads multiple exploration projects across Mexico, specializing in the acquisition, maintenance, and management of mining concessions. His expertise encompasses community relations, operational processes for mineral exploration, and direct involvement in the production, processing, and commercialization of minerals. Director Mark J. Pryor joined as an accomplished geologist with over 40 years of experience driving the success of numerous precious metal projects, notably with the Electrum Group. He has been instrumental in advancing several brownfield initiatives, including the Los Gatos Mine in Mexico's Central Mexican Silver Belt. Throughout his career, Mr. Pryor has held significant roles with leading mining firms, including Electrum Group, Anglo American, Placer Dome, and Antofagasta Minerals, leveraging his expertise to enhance project development and exploration outcomes. 'The Los Gatos Mine is about 70 kilometers from the Las Coloradas silver project,' Scott Emerson told in his recent interview. On January 14, 2025, First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) completed its acquisition of Gatos Silver Inc., a $970 million transaction initially announced on September 5, 2024. Under the definitive merger agreement, First Majestic acquired all outstanding shares of Gatos Silver, with Gatos shareholders receiving 2.550 First Majestic shares for each Gatos share, equating to $13.49 per share. This deal made Gatos Silver a wholly-owned subsidiary of First Majestic, strengthening its portfolio with Gatos' high-grade Cerro Los Gatos silver mine in Mexico. As drilling progresses and results emerge, Kingsmen has the potential to establish itself as a leading explorer in one of Mexico's most prolific silver districts. This article dives into the company's flagship Las Coloradas property, its share structure and the value-add opportunities based on recent news and company disclosures. About - Big Investing Ideas Named as one of 100 Best Investment Blogs and Websites in 2025 (8th) is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Disclaimer/Disclosure: This content featuring Kingsmen Resources ltd. is paid for content at part of a monthly marketing mining stock showcase (payment disclosure). This is not investment opinion and should not be construed as such. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: Follow us on X@investorideas @Exploringmining Contact to be a guest or sponsor this podcast 800-665-0411 Media Contact Company Name: Investor ideas Contact Person: Dawn Van Zant Email: Send Email Phone: 800 665 0411 Address: 5134 Cliff Drive City: Delta State: BC Country: Canada Website:
Globe and Mail
19 hours ago
- Business
- Globe and Mail
Kingsmen Resources Ltd. Hunt for Silver - Why Chihuahua?
Drilling into High-Grade Silver Potential at Las Coloradas Property Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - June 9, 2025) - a global investor news source covering mining and metals stocks issues a featured article on Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF). Las Coloradas Project Kingsmen Resources Ltd is a junior mining company headquartered in Vancouver, British Columbia, focused on the exploration of its 100% owned Las Coloradas silver project in the prolific Parral mining district of Chihuahua, Mexico. Following a recent Exploring Mining Podcast with Scott Emerson, President & CEO of Kingsmen Resources Ltd., Investor Ideas highlights key points discussed, recent news from the Company and the catalysts moving Kingsmen forward. So why Chihuahua, Mexico? Scott Emerson told "The best place to find a mine is where there was one. "When I was identifying potential projects, I wanted a project that no other junior had ever held before." The Las Coloradas mine, historically operational from 1944 to 1952, and was a significant silver producer. Mining focused on high-grade epithermal veins along the Soledad and Soledad II structures, with historical grades reaching up to 600 g/t silver. The deposit features silver, gold, copper, lead, and zinc in quartz-calcite veins, typical of the region's carbonate replacement deposits. Past production targeted shallow oxide ore, leaving untapped potential at depth. With recent news announcements of a $1.135 million capital raise and the commencement of a 14-hole diamond drilling program, Kingsmen is positioning itself as a notable player in the area. Located approximately 30 kilometers southeast of Hidalgo de Parral in the Central Mexican Silver Belt, the Las Coloradas project is an underground epithermal, high-grade, narrow-vein silver-gold-copper-lead-zinc deposit within Chihuahua's Carbonate Replacement Deposits belt. The property spans a 1.7 km mineralized corridor, with key structures such as Soledad and Soledad II hosting significant silver and gold potential. The project's proximity to other major mining operations, such as First Majestic's Gatos Mine (70 km north) and Kootenay Silver Inc.'s La Cigarra project (35 km northwest), underscores its strategic location in a district known for its rich mineral endowment. Kingsmen's exploration efforts have focused on expanding known mineralization along the Soledad and Soledad II structures, which extend 1.7 km and 1.4 km, respectively. Recent geochemical sampling has revealed promising silver-gold correlations across three target zones-Mine, Aguilar, Leona, and the newly identified DBD zone-indicating potential for both quartz vein silver mineralization and intrusion-related gold-enriched targets. The company's data-driven approach, including 3D -IP (Induced polarization), has refined drill targets to test mineralization at depth, where blind extensions and new structures are likely below the water table (approximately 125 meters). The ongoing 14-hole diamond drilling program, which has been announced, targets these high-grade zones, with drill pads already constructed and all necessary permits and land access agreements secured. The program aims to confirm the continuity of mineralization along strike and at depth, potentially unlocking significant value by delineating a resource in a historically productive mining district. CEO Scott Emerson has emphasized the company's vision to become "the preeminent explorer in the Parral mining district," highlighting the project's scalability and exploration upside. From the news:"We're thrilled to be able to launch our initial drill program at our Las Coloradas project. It's rare to control a project in the prolific Parral Mining District that hosts documented high-grade silver, but which is essentially untested due to its previously fragmented ownership. After months of rigorous technical work, culminating in our recent IP geophysical survey, we interpret a deeper, coherent mineralizing system at Las Coloradas than has been documented or tested to date. This campaign marks a pivotal moment for Kingsmen shareholders as we embark on a well-designed drill program, that we believe gives us an excellent chance of discovery." This article dives into the company's flagship Las Coloradas property, its share structure and the value-add opportunities based on recent news and company disclosures. Watch the recent podcast interview - Exploring Mining Talks to CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) about Las Coloradas Silver Project. Cannot view this video? Visit: Research mining stocks at with our free mining stocks directory at About - Big Investing Ideas Named as one of 100 Best Investment Blogs and Websites in 2025 (8th) is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed. Disclaimer/Disclosure: This content featuring Kingsmen Resources ltd. is paid for content at part of a monthly marketing mining stock showcase (payment disclosure). This is not investment opinion and should not be construed as such. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published/created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: Learn more about publishing your news release and our other news services on the newswire Global investors must adhere to regulations of each country. Please read privacy policy:
Yahoo
01-03-2025
- Health
- Yahoo
Medicaid recipients fear ‘buzzsaw cuts' for Trump's agenda: ‘We're not going to be alive forever'
At the age of 62, Marya Parral knows that her, and her husband's, years of being able to care for their two developmentally disabled sons are numbered, and so they have done everything they can to ensure their children can continue to live independently. For their oldest, Ian, that's meant placing him in a program on an organic farm that caters to people diagnosed with autism. For Joey, their youngest, who has both autism and Down syndrome, Parral has found a caregiver who can help him deliver newspapers and run errands around their community of Ocean City, New Jersey. Parral said none of this would be affordable without help from Medicaid, the federal government's insurance program for poor and disabled Americans. But this week, the Republican-controlled House of Representatives approved a budget framework that would make deep cuts to the program, and Parral worries her sons will lose what she has worked so hard to build. 'We're not going to be alive forever. We're trying to set up a life for them, but that entire life that we're working so hard to set up for them is dependent on Medicaid,' Parral said. 'So it's really devastating to think about cuts.' Producing a budget is the first step in the Republican-controlled Congress's drive to enact legislation that will pay for Donald Trump's priorities. House lawmakers will now spend weeks working to write and pass a bill that is expected to approve $4.5tn in extended tax cuts, as well as funding for Trump's plan for mass deportations of undocumented immigrants. To pay for it, Republicans are considering a rollback of the federal social safety net, particularly Medicaid, which has nearly 80 million enrollees in all 50 states. The budget plan proposes an $880bn reduction in funding for the insurance over the next 10 years, an amount that experts warn would hollow out the program and have ripple effects across the entire American healthcare system. Megan Cole Brahim, a professor at Boston University School of Public Health and an expert on Medicaid, said the cut was the largest ever proposed, and if enacted would 'have far-reaching impacts not just for those who rely on Medicaid, but for entire communities and economies'. 'These changes mean millions of Americans – including the low-income, elderly, persons with disabilities, children – will lose health insurance coverage,' she said. 'Others may see significant reductions in benefits or limited access to care. The impact on hospitals and health systems will be significant, particularly for safety-net and rural hospitals, which are already on the brink of closure. Patient revenues will fall, uncompensated care will rise. There will be staff layoffs and site closures.' John Driscoll, a healthcare executive and chair of the board of UConn Health in Connecticut, said: 'The scale of the buzzsaw cuts to Medicaid would undermine every hospital's ability to actually support its mission to care for the community, and would be a dangerous cut to the nursing-home infrastructure in the country.' Republican leaders backed the cuts to Medicaid, as well as to similar programs such as one that helps poor Americans afford food, as a way to mollify lawmakers in their party who want the US's large budget deficit addressed. Still, not everyone is pleased. As the budget was being debated, eight Republican representatives, some of whom Democrats are keen to unseat in next year's midterm elections, wrote to the House speaker, Mike Johnson, warning that their districts' large Hispanic populations would be harmed. 'Slashing Medicaid would have serious consequences, particularly in rural and predominantly Hispanic communities where hospitals and nursing homes are already struggling to keep their doors open,' they said. All eight ultimately voted for the resolution, but the dissent may be a warning sign for the budget's prospects of enactment, particularly in the House, where the GOP has a mere three-seat majority. It also remains unclear whether Republicans will try to pass all of Trump's priorities in one bill, or split them into two. The GOP has made clear they want to fully pay for the extension of Trump's tax cuts, and Elyssa Schmier, vice-president of government relations for advocacy group MomsRising, said Medicaid and social safety programs are the party's prime targets for cost savings. 'If you're not going to go after, say, the Pentagon budget, if they're only going to go to some of these big mandatory spending programs, there's only so many places that Republicans feel that they can go,' she said. In the days since the budget's approval, Johnson and Trump have scrambled to downplay the possibility of slashing Medicaid, insisting they intend only to root out 'fraud, waste and abuse.' 'The president said over and over and over: 'We're not going to touch social security, Medicare or Medicaid.' We've made the same commitment,' Johnson told CNN in an interview. Democrats have little leverage to stop the budget, which can be passed with simple majorities in both chambers. But the Democratic senator Ruben Gallego warned that gutting the social safety net to extend tax cuts that have mostly benefited the rich will alienate voters who sided with the GOP last November. 'It will be on Donald Trump and Republicans, the fact that he's going to side with the ultra-rich versus the working poor,' said Gallego, who won election to his seat in Arizona even as Trump captured the state's electoral votes. 'Families that are barely making a living, scratching a living, they're now going to get kicked off healthcare to give tax cuts to the mega-rich.' The proposed cut to Medicaid would remove billions of dollars in funding from congressional districts nationwide that are represented by lawmakers from both parties, according to an analysis by the liberal Center for American Progress. In California's San Joaquin valley, the Democratic representative Jim Costa's district would lose the third-largest amount of funding, according to the data, and Medicaid coverage would be imperiled for more than 450,000 residents. 'This reckless budget prioritizes the wealthy while devastating those who need help the most,' Costa said. 'I voted no because this resolution is bad for our valley and a threat to the wellbeing of the people I represent.'
The Guardian
01-03-2025
- Health
- The Guardian
Medicaid recipients fear ‘buzzsaw cuts' for Trump's agenda: ‘We're not going to be alive forever'
At the age of 62, Marya Parral knows that her, and her husband's, years of being able to care for their two developmentally disabled sons are numbered, and so they have done everything they can to ensure their children can continue to live independently. For their oldest, Ian, that's meant placing him in a program on an organic farm that caters to people diagnosed with autism. For Joey, their youngest, who has both autism and Down syndrome, Parral has found a caregiver who can help him deliver newspapers and run errands around their community of Ocean City, New Jersey. Parral said none of this would be affordable without help from Medicaid, the federal government's insurance program for poor and disabled Americans. But this week, the Republican-controlled House of Representatives approved a budget framework that would make deep cuts to the program, and Parral worries her sons will lose what she has worked so hard to build. 'We're not going to be alive forever. We're trying to set up a life for them, but that entire life that we're working so hard to set up for them is dependent on Medicaid,' Parral said. 'So it's really devastating to think about cuts.' Producing a budget is the first step in the Republican-controlled Congress's drive to enact legislation that will pay for Donald Trump's priorities. House lawmakers will now spend weeks working to write and pass a bill that is expected to approve $4.5tn in extended tax cuts, as well as funding for Trump's plan for mass deportations of undocumented immigrants. To pay for it, Republicans are considering a rollback of the federal social safety net, particularly Medicaid, which has nearly 80 million enrollees in all 50 states. The budget plan proposes an $880bn reduction in funding for the insurance over the next 10 years, an amount that experts warn would hollow out the program and have ripple effects across the entire American healthcare system. Megan Cole Brahim, a professor at Boston University School of Public Health and an expert on Medicaid, said the cut was the largest ever proposed, and if enacted would 'have far-reaching impacts not just for those who rely on Medicaid, but for entire communities and economies'. 'These changes mean millions of Americans – including the low-income, elderly, persons with disabilities, children – will lose health insurance coverage,' she said. 'Others may see significant reductions in benefits or limited access to care. The impact on hospitals and health systems will be significant, particularly for safety-net and rural hospitals, which are already on the brink of closure. Patient revenues will fall, uncompensated care will rise. There will be staff layoffs and site closures.' John Driscoll, a healthcare executive and chair of the board of UConn Health in Connecticut, said: 'The scale of the buzzsaw cuts to Medicaid would undermine every hospital's ability to actually support its mission to care for the community, and would be a dangerous cut to the nursing-home infrastructure in the country.' Republican leaders backed the cuts to Medicaid, as well as to similar programs such as one that helps poor Americans afford food, as a way to mollify lawmakers in their party who want the US's large budget deficit addressed. Still, not everyone is pleased. As the budget was being debated, eight Republican representatives, some of whom Democrats are keen to unseat in next year's midterm elections, wrote to the House speaker, Mike Johnson, warning that their districts' large Hispanic populations would be harmed. 'Slashing Medicaid would have serious consequences, particularly in rural and predominantly Hispanic communities where hospitals and nursing homes are already struggling to keep their doors open,' they said. All eight ultimately voted for the resolution, but the dissent may be a warning sign for the budget's prospects of enactment, particularly in the House, where the GOP has a mere three-seat majority. It also remains unclear whether Republicans will try to pass all of Trump's priorities in one bill, or split them into two. The GOP has made clear they want to fully pay for the extension of Trump's tax cuts, and Elyssa Schmier, vice-president of government relations for advocacy group MomsRising, said Medicaid and social safety programs are the party's prime targets for cost savings. 'If you're not going to go after, say, the Pentagon budget, if they're only going to go to some of these big mandatory spending programs, there's only so many places that Republicans feel that they can go,' she said. In the days since the budget's approval, Johnson and Trump have scrambled to downplay the possibility of slashing Medicaid, insisting they intend only to root out 'fraud, waste and abuse.' 'The president said over and over and over: 'We're not going to touch social security, Medicare or Medicaid.' We've made the same commitment,' Johnson told CNN in an interview. Democrats have little leverage to stop the budget, which can be passed with simple majorities in both chambers. But the Democratic senator Ruben Gallego warned that gutting the social safety net to extend tax cuts that have mostly benefited the rich will alienate voters who sided with the GOP last November. 'It will be on Donald Trump and Republicans, the fact that he's going to side with the ultra-rich versus the working poor,' said Gallego, who won election to his seat in Arizona even as Trump captured the state's electoral votes. 'Families that are barely making a living, scratching a living, they're now going to get kicked off healthcare to give tax cuts to the mega-rich.' The proposed cut to Medicaid would remove billions of dollars in funding from congressional districts nationwide that are represented by lawmakers from both parties, according to an analysis by the liberal Center for American Progress. In California's San Joaquin valley, the Democratic representative Jim Costa's district would lose the third-largest amount of funding, according to the data, and Medicaid coverage would be imperiled for more than 450,000 residents. 'This reckless budget prioritizes the wealthy while devastating those who need help the most,' Costa said. 'I voted no because this resolution is bad for our valley and a threat to the wellbeing of the people I represent.'
Yahoo
12-02-2025
- Business
- Yahoo
GoGold Releases Financial Results for Q1 2025 including Record $19.1 Million Revenue at Parral and Announces New Director
Halifax, Nova Scotia--(Newsfile Corp. - February 12, 2025) - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") announces the financial results for the quarter ending December 31, 2024, with Parral generating record revenue of $19.1 million (all amounts are in U.S. dollars) from the sale of a record 625,972 silver equivalent ounces. "Parral generated significant cash flows for the Company during the quarter which helped us increase our cash balance by over $4 million. As Parral approaches the anniversary of eleven years of production, it has had a record quarter for revenue generation, exceeding the old record by over $4 million. This is a strong indication that our SART Zinc circuit added last year at a cost of $2 million is truly paying off," said Brad Langille, President and CEO. "We believe Parral will prove to be a significant source of additional capital as we embark on anticipated construction of Los Ricos South." Highlights for the quarter ending December 31, 2024: Cash of $76.0 million USD, an increase of $4.3 million during the quarter Cash flow from operations of $7.9 million Record revenue of $19.1 million on the sale of 625,972 silver equivalent ounces at an average realized price per ounce of $30.51 USD Production of 551,337 silver equivalent ounces, consisting of 226,343 silver ounces, 3,213 gold ounces, 121 copper tonnes, 161 zinc tonnes Adjusted cash cost per silver equivalent ounce of $19.33 Adjusted all in sustaining cost per silver equivalent ounce of $22.45 Following are tables showing summarized financial information and key performance indicators: Summarized Consolidated Financial InformationThree months ended Dec 31(in thousands USD, except per share amounts)2024 2023Revenue $ 19,098$ 6,799Cost of sales, including depreciation13,519 6,067Operating income (loss)3,668 (1,609 ) Net (loss) income(136 )192Basic net income (loss) per share(0.000 )0.001Cash flow provided by (used in) operations7,868 (3,027 ) Key Performance Indicators1Three months ended Dec 31(in thousands USD, except per ounce amounts)2024 2023Total tonnes stacked415,161 373,884Silver equivalent ounces sold625,972 305,087Adjusted AISC per silver equivalent ounce2 $ 22.45$ 24.64Adjusted Cash cost per silver equivalent ounce2 $ 19.33$ 16.83Realized silver price $ 30.51$ 22.281Key performance indicators are unaudited non-GAAP measures, see reconciliation in MD&A.2Gold, copper and zinc are converted using average market prices. This news release should be read in conjunction with the interim condensed consolidated financial statements for the quarter ended December 31, 2024, notes to the financial statements, and management's discussion and analysis for the quarter ended December 31, 2024, which have been filed on SEDAR+ and are available on the Company's website. New Director Appointed The Company has appointed Jorge Aguirre to its Board, effective February 10, 2025. Mr. Aguirre holds a degree in civil engineering as well as a master's degree in applied public management and is the CEO of a large privately held construction company in Mexico which has been recognized as a socially responsible company. With over 15 years of experience in construction, Mr. Aguirre has extensive experience within the industry, spanning several sectors and specialties and is active in addressing community business and social issues, including acting as president of the Red Cross in Hermosillo, Sonora from 2022 to 2024. "We're extremely pleased to have Jorge join the team. His technical skills, experience and business relationships in Mexico will be invaluable to GoGold as we move forward with our Los Ricos district," said John Turner, Board Chair. Technical information contained in this news release with respect to GoGold has been reviewed and approved by Mr. Bob Harris, who is a qualified person for the purposes of NI 43-101. About GoGold Resources GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration and development projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit For further information please contact: Steve Low, Corporate DevelopmentGoGold Resources Inc.T: 416 855 0435 Email : steve@ visit : CAUTIONARY STATEMENT: The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States. This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Parral tailings project, the Los Ricos project, future operating margins, future production and processing, and future plans and objectives of GoGold, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information. Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with the GoGold's projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release. Cautionary non-GAAP Measures and Additional GAAP Measures Note that for purposes of this section, GAAP refers to IFRS. The Company believes that investors use certain non-GAAP and additional GAAP measures as indicators to assess mining companies. They are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared with GAAP. Non-GAAP and additional GAAP measures do not have a standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures presented by other companies. Additional GAAP measures that are presented on the face of the Company's consolidated statements of comprehensive income include "Operating income (loss)". These measures are intended to provide an indication of the Company's mine and operating performance. Per ounce measures are calculated by dividing the relevant mining and processing costs and total costs by the tonnes of ore processed in the period. "Adjusted cash costs per ounce" and "Adjusted all-in sustaining costs per ounce" are used in this analysis and are non-GAAP terms typically used by mining companies to assess the level of gross margin available to the Company by subtracting these costs from the unit price realized during the period. These non-GAAP terms are also used to assess the ability of a mining company to generate cash flow from operations. There may be some variation in the method of computation of these metrics as determined by the Company compared with other mining companies. In this context, "Adjusted cash costs per ounce" reflects the cash operating costs allocated from in-process and dore inventory associated with ounces of silver and gold sold in the period. "Adjusted cash costs per ounce" may vary from one period to another due to operating efficiencies, grade of material processed and silver/gold recovery rates in the period. "Adjusted all-in sustaining costs per ounce" include total cash costs, exploration, corporate and administrative, share based compensation and sustaining capital costs. For a reconciliation of non-GAAP and GAAP measures, please refer to the Management Discussion and Analysis dated February 11, 2025 for the period ended December 31, 2024, as presented on SEDAR+. To view the source version of this press release, please visit Sign in to access your portfolio
