# GoGold Resources Los Ricos South project construction

> Live situation record from CLSTR: https://clstr.news/situations/gogold-resources-los-ricos-south-project-construction
> Updated: 2026-10-13T22:41:25.000Z. Sources: 15. Developments: 3.

GoGold Resources has commenced construction on its Los Ricos South silver project in Jalisco, Mexico. The project is being financed through existing cash reserves and revenue from the Parral Tailings Project in Chihuahua. As of the end of the June quarter, the company reported US$284 million in cash and no debt.

By the end of the 2026 fiscal year, GoGold reported record silver production of 1,000,242 ounces, representing an 18% increase from the previous year, alongside 11,647 ounces of gold production. The company also produced 326 tonnes of copper and 466 tonnes of zinc. During the September quarter, the Parral tailings mine contributed approximately 530,000 silver-equivalent ounces.

GoGold maintains a strong liquidity position with US$288 million in cash. This capital is intended to fund the Los Ricos South construction, with an estimated spending plan of US$245.2 million between late 2026 and September 2028. The company has stated the project is fully funded without the need for additional debt or equity. While Los Ricos South is under construction, the nearby Los Ricos North remains an exploration and development project.

## Timeline

### 2026-10-13: GoGold Resources hits 1 million ounce silver production milestone

GoGold Resources surpassed 1 million ounces of silver production in fiscal 2026, ending the year with US$288 million in cash to fund its Los Ricos South project in Mexico.

7 sources. https://clstr.news/cluster/gogold-resources-reports-186-million-silver-equivalent-ounces

### 2026-09-29: GoGold Resources begins construction on Los Ricos South project

GoGold Resources has begun construction on the Los Ricos South silver project in Mexico, supported by 284 million USD in cash and ongoing revenue from its Parral Tailings Project.

5 sources. https://clstr.news/cluster/gogold-resources-begins-construction-on-los-ricos-south-project

### 2026-09-23: GoGold Resources advances Los Ricos South silver project construction

GoGold Resources is progressing with construction at its Los Ricos South silver project in Jalisco, Mexico, targeting its first production in the second quarter of 2028.

4 sources. https://clstr.news/cluster/gogold-resources-advances-los-ricos-south-construction-in-mexico

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Cite as: GoGold Resources Los Ricos South project construction. CLSTR, https://clstr.news/situations/gogold-resources-los-ricos-south-project-construction