GoGold Resources Reports Five-Year High Silver Output as Parral Production Rises 21%

• Parral Tailings mine produced 477,464 silver equivalent ounces in the quarter ended June 30, 2026, up 21% from the prior quarter.
• Quarterly silver production totalled 268,673 ounces, the highest quarterly figure in five years.
• Cash balance increased by approximately $22 million during the quarter to $284 million USD, with no outstanding debt.
• GoGold's Board approved a construction decision for the Los Ricos South project following receipt of its final permit.
• The company states it is fully funded to build Los Ricos South using existing cash resources.

GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) is a Canada-based silver and gold producer focused on operating, developing and exploring projects in Mexico. The company operates the Parral Tailings mine in the state of Chihuahua and is developing the Los Ricos South project, for which the Board has approved a construction decision. GoGold also holds the Los Ricos North exploration and development project. Both Los Ricos properties are located in the state of Jalisco, and the company is headquartered in Halifax, Nova Scotia.

Q3 2026 Parral Tailings Mine Production Up 21% Quarter-Over-Quarter With Five-Year High Silver Output

For the quarter ended June 30, 2026, GoGold reported production of 268,673 ounces of silver, 3,036 ounces of gold, 88 tonnes of copper and 116 tonnes of zinc from the Parral Tailings mine. Combined, this totalled 477,464 silver equivalent ounces, a figure that converts all metals produced into their silver value so total output can be compared across quarters. This was a 21% increase from the 394,605 silver equivalent ounces produced in the prior quarter, ended March 31, 2026.

Silver production of 268,673 ounces was the highest quarterly total in five years.

The Parral Tailings mine reprocesses material left over from previous mining activity to recover silver, gold, copper and zinc, rather than mining new ore.

President and CEO Brad Langille said:

"The Parral tailings mine had another excellent quarter for the company, with production increasing by 21% compared to the previous quarter and quarterly silver production at a five year high. Parral continues to generate substantial cash flows, with our cash balance increasing in the quarter by approximately $22 million to $284 million USD, we are fully financed for the upcoming build and have no debt."

Cash Balance Increased by Approximately $22 Million to $284 Million USD Supporting Fully Funded Los Ricos South Build

GoGold's cash balance increased by approximately $22 million during the quarter, reaching $284 million USD as of June 30, 2026. The company holds no outstanding debt.

GoGold states that it is fully funded to construct the Los Ricos South project from existing cash resources, without the need for additional financing.

This funding position applies to the Los Ricos South construction decision, described in the following section.

Los Ricos South Construction Decision Approved Following Permit Receipt

GoGold's Board of Directors approved a construction decision for the Los Ricos South project after the company received its final remaining permit.

A construction decision is the formal approval to proceed with building a mine, generally issued once permitting and planning requirements have been completed. Los Ricos South is located in the state of Jalisco, along with the earlier-stage Los Ricos North project.

President and CEO Brad Langille said:

"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."

Milestones and Next Steps

During the quarter ended June 30, 2026, GoGold reported a 21% increase in Parral production, a five-year high in quarterly silver output, and an increase in its cash balance to $284 million USD. The company also received its final permit for Los Ricos South, following which the Board approved a construction decision for the project.

GoGold has stated it is fully funded to proceed with construction of Los Ricos South.

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