GoGold Announces Parral Expansion that is Expected to Double Throughput and Releases First Quarter Production

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/644-tsx/ggd/15687-gogold-announces-parral-expansion-that-is-expected-to-double-throughput-and-releases-first-quarter-production.html#.Vp54NeTrvIU

HALIFAX, Jan 19, 2016 /CNW/ – GoGold Resources Inc. (TSX: GGD) (“GoGold”, “the Company”) reports that this quarter the Company is focused on increasing production at Parral through an expansion of both the stacking circuit and the Merrill-Crowe processing facility (the “Parral Expansion”). The Parral Expansion will be completed this quarter and will result in the ability to double the ore processing to 10,000 tons per day.  The capital for the Parral Expansion of $10 million will double throughput representing a significant return on investment.  This increased throughput will result in lower unit costs and increase our future operating margin.

Leave a Reply