GoGold Announces Q3 Financial Results

GoGold Announces Q3 Financial Results Halifax, Nova Scotia--(Newsfile Corp. - August 12, 2026) - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") announces financial results for the quarter ending June 30, 2026 with record quarterly operating cash flows of $26.3 million (all amounts are in U.S. dollars) on revenue of $27.8 million from the sale of 419,986 silver equivalent ounces ("SEO"). "Parral continues to provide excellent results, propelling the Company to record operating cash flows of $26.3 million. As we complete our twelfth year at Parral, it continues to operate strongly and is producing record cash flows for us," said Brad Langille, President and CEO. "At quarter end, we held $284 million USD in cash, which exceeds the initial capital expenditure of $227 million per the feasibility study for our recently permitted Los Ricos South. With our permit in hand at Los Ricos South and a positive construction decision from the board, we are well positioned to create long-term benefits for all stakeholders." Highlights for the quarter ending March 31, 2026: Record operating cash flow of $26.3 million USD Cash of $284 million USD Revenue of $27.8 million on the sale of 419,986 SEO at an average realized price per ounce of $66.09 Net income of $10.9 million Production of 477,464 SEO, consisting of 268,673 silver ounces, 3,036 gold ounces, 88 tonnes of copper, and 116 tonnes of zinc. Summarized Consolidated Financial Information Three months ended Jun 30 Nine months ended Jun 30 (in thousands USD, except per share amounts) 2026 2025 2026 2025 Revenue $ 27,758 $ 17,707 $ 89,191 $ 54,408 Cost of sales, including depreciation 11,257 10,174 33,218 34,760 Operating income 10,635 4,572 45,306 11,884 Net income 10,889 8,214 40,633 11,436 Basic net income per share 0.025 0.022 0.095 0.033 Cash flow provided by operations 1 26,325 7,245 57,181 20,264 1 Includes a positive adjustment of $15,530 from working capital for the quarter ended June 30, 2026 ($1,792 in June 30, 2025). Key Performance Indicators 1 Three months ended Jun 30 Nine months ended Jun 30 (in thousands USD, except per ounce amounts) 2026 2025 2026 2025 Total tonnes stacked 424,831 402,906 1,217,881 1,195,583 SEO sold 2 419,986 527,933 1,290,609 1,709,416 Realized silver price $ 66.09 $ 33.53 $ 69.11 $ 31.83 All in sustaining cost ("AISC") per SEO 2 $ 40.78 $ 22.78 $ 32.90 $ 27.55 Cash cost per SEO 2 $ 24.07 $ 17.21 $ 23.07 $ 18.20 1 Key performance indicators are unaudited non-GAAP measures, see reconciliation in MD&A. 2 SEO include gold ounces, copper tonnes, and zinc tonnes sold converted to a silver equivalent based on a ratio of the average market metal price for each period. The ratio of gold:silver for each of the periods presented was: Q3-25 - 98, Q3-26 - 62. The ratio for copper was: Q3-25 - 311, Q3-26 - 181. The ratio for zinc was: Q3-25 - 79, Q3-26 - 48. Silver equivalent ounces sold have been impacted by the strengthening of silver prices relative to gold for the three months ended June 30, 2026 compared to June 30, 2025, with the equivalency ratio of gold:silver decreasing from 98 to 62. For comparison purposes, using the June 30, 2025 equivalency ratio for the quarter ended June 30, 2026 would result in 531,825 SEO sold, which also results in an increase of $8.58 per SEO to AISC. AISC was also significantly impacted in the quarter by a non-cash fair value adjustment of $2.5 million on stock based awards due to the increase in t...