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GoGold Resources Los Ricos South project construction

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2026-09-29 08:47 UTC → 2026-10-15 06:27 UTC · added removed

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, with Chihuahua. As of the end of the June quarter, the company reporting reported US$284 million in cash and no debt as of debt. By the end of the June quarter. Construction activities include land clearing and preparation, with over 150 contractors currently on-site. All orders for long-lead equipment, such as crushers, SAG mills, and electrical switchgear, have been placed. The company aims to achieve its first 2026 fiscal year, GoGold reported record silver pour in production of 1,000,242 ounces, representing an 18% increase from the second quarter previous year, alongside 11,647 ounces of 2028 gold production. The company also produced 326 tonnes of copper and expects 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 maintain cash reserves fund the Los Ricos South construction, with an estimated spending plan of at least US$130 US$245.2 million during between late 2026 and September 2028. The company has stated the construction phase. 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.

Versions

  1. 2026-10-15 06:27 UTC GoGold Resources Los Ricos South project construction
  2. 2026-09-29 08:47 UTC GoGold Resources Los Ricos South project construction

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