GoGold Resources Inc. announced production for the quarter ending September 30, 2023. During the quarter, GoGold completed a rehandling program at Parral where old pad material was rehandled and restacked which resulted in the reclamation of new pad space which will defer further pad capital expenditure. Production was impacted as a result of the rehandling program, as the rehandled material was a lower grade than stacking new material.

Production during the quarter was 300,789 silver equivalent ounces, consisting of 169,443 silver ounces, 1,106 gold ounces, and 115 tonnes of copper. Currently, only new material is being stacked at Parral. SART Zinc Circuit: Construction of a zinc circuit addition to the SART plant at Parral is well underway and projected to be completed by the end of this year, with the project on budget and on schedule.

Testing completed has demonstrated that an addition of a zinc circuit to the SART plant should produce a saleable zinc product and more importantly regenerate cyanide that is expected to greatly increase cash flow at Parral operation over the next seven years of mine life. Summary of Zinc circuit effects: Saleable zinc precipitate to be added to the revenue stream; Regeneration of approximately 750 tons of cyanide per quarter; Anticipated to generate net increased cash flows of $1.5 million per quarter; Zinc circuit capital expenditure estimated at $2 million over 6 month construction period; Project payback expected within 6 months after construction; Parral up to end of its mine life will be a producer of silver, gold, copper and zinc; Expected to result in better precious metals recovery.