GoGold Sold 413,073 Silver Equivalent Ounces for Revenue of $7.1 Million

GoGold Resources (TSX: GGD) (“GoGold”, “the Company”) is pleased to announce the release of financial results for the quarter ending March 31, 2017. GoGold recorded revenue of $7.1 million from the sale of 413,073 silver equivalent ounces with a cash cost per silver equivalent ounce of $9.80 and an operating income of $1.8 million for the quarter (All amounts are in U.S. dollars).
Financial Highlights for the quarter ending March 31, 2017:

• Revenue of $7.1 million from the sale of 413,073 silver equivalent ounces, a realized price of $17.21 per silver equivalent ounce
• Operating income of $1.8 million
• Cash flow from operations before changes in non-cash working capital of $2.4 million, or 1 cent per basic share
• Cash cost per silver equivalent ounce of $9.80
• All in sustaining cost per silver equivalent ounce of $11.76
• Produced 422,773 silver equivalent ounces

GoGold produced 4,065 gold ounces and 138,179 silver ounces for a total of 422,773 silver equivalent ounces in the quarter ending March 31, 2017. The Company’s Parral project contributed 2,008 gold and 137,606 silver ounces for a total of 278,230 silver equivalent ounces. Parral production continues to increase as improvements to the heap leaching process made in November 2016 take effect, with March marking the seventh consecutive month that production has increased.
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