GoGold Resources Reports 18% Increase in Fiscal 2026 Silver Production and US$288 Million Cash Balance

• Fiscal 2026 production totalled 1,857,966 silver equivalent ounces (SEO), including 1,000,242 ounces of silver.
• Silver production rose 18% from fiscal 2025.
• Parral produced 529,719 SEO in the September quarter, up 11% from the June quarter.
• The cash balance increased during the quarter despite construction spending at Los Ricos South.
• More than 80% of detailed engineering at Los Ricos South was completed before construction began in August 2026.

GoGold Resources (TSX: GGD) is a Canada-based silver and gold producer headquartered in Halifax, Nova Scotia, with all of its assets in Mexico. The company operates the Parral Tailings mine in Chihuahua state, which recovers metals from material left over by historic mining. In Jalisco state, it holds the Los Ricos South project, now under construction following board approval, and the Los Ricos North exploration and development project. The company’s focus is on operating, developing, exploring and acquiring low-cost, high-margin projects.

Fiscal 2026 Annual Production of 1,857,966 SEO Led by an 18% Rise in Silver

For the fiscal year ended September 30, 2026, GoGold produced 1,000,242 ounces of silver, 11,647 ounces of gold, 326 tonnes of copper and 466 tonnes of zinc, for a total of 1,857,966 SEO. Silver output increased 18% from 851,102 ounces in fiscal 2025, the highest annual total in the five fiscal years reported. Gold production was 5% lower year-over-year.

SEO converts gold, copper and zinc into an equivalent number of silver ounces using average metal prices for the period. Total SEO declined 14% from fiscal 2025, mainly because silver prices rose relative to gold, which moved the gold-to-silver conversion ratio from 90 to 66. Using fiscal 2025 conversion ratios, fiscal 2026 production would have totalled 2,184,844 SEO, a 2% increase year-over-year.

In the quarter ended September 30, 2026, Parral produced 529,719 SEO, an 11% increase from 477,464 SEO in the June quarter. Production for the quarter included 295,785 ounces of silver, 3,148 ounces of gold, 58 tonnes of copper and 107 tonnes of zinc.

Year-End Cash Balance of US$288 Million

GoGold ended fiscal 2026 with US$288 million in cash. The balance increased over the September quarter, the same period in which construction spending began at Los Ricos South.

President and CEO Brad Langille said

“Parral has delivered another strong quarter for us, adding cash to the balance sheet and we ended the year with a balance of US$288 million. With construction at Los Ricos South having commenced in August and after taking account of significant spending in the quarter on the build, we were able to increase our cash balance during the quarter due to Parral’s strong performance.”

Parral is currently GoGold’s only producing operation. Los Ricos South is in construction, and Los Ricos North remains at the exploration and development stage.

Los Ricos South Construction Progressing as Planned

Construction at Los Ricos South started in August 2026 and is progressing as planned.

President and CEO Brad Langille said

“Construction continues to progress as planned and the Company will be providing frequent updates over the following months. With more than 80% of the detailed engineering completed prior to ground breaking and such a strong balance sheet, the company is focused on strong execution.”

Detailed engineering is the final design stage of a mine build. It produces the complete technical plans for the processing plant and supporting infrastructure that contractors use during construction.

Milestones and Next Steps

Fiscal 2026 was GoGold’s first year of more than one million ounces of silver production in the five-year period reported, and it also saw construction begin at the company’s second project. Over the coming months, GoGold plans to provide regular construction updates on Los Ricos South while Parral continues to operate in Chihuahua.

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