GoGold Resources (GGD) Q2 2025 earnings summary

Executive summary

• Parral mine generated $17.6 million in revenue from 555,511 silver equivalent ounces sold for Q2 2025, with strong operating cash flow of $5.1 million and a $2 million increase in cash balance at quarter end.

• Cash position strengthened further to approximately $135 million after April's bought deal financing, supporting execution of Los Ricos South project.

Financial highlights

• Revenue for the quarter ended March 31, 2025, was $17.6 million, up from $8.9 million in the same quarter last year.

• Net income for the quarter was $3.2 million, compared to $1.3 million in the prior year period.

• Operating income reached $3.8 million, up from a loss of $0.1 million year-over-year.

• Cash flow from operations was $5.1 million, compared to negative $4.6 million in the prior year.

• Cash balance at quarter end was $78.3 million, increasing by $2 million during the quarter.

Outlook and guidance

• Strong cash position post-financing enables robust execution of Los Ricos South development plans.

• Management expects continued positive cash flow from Parral to support corporate and project expenditures.