GoGold Resources Inc. (TSX: GGD) (“GoGold”, “the Company”) is pleased to announce the release of financial results for the quarter and year ending September 30, 2016 with an operating income of $943,000 for the year (All amounts are in U.S. dollars). GoGold recorded revenue of $16.7 million from the sale of 640,121 silver ounces and 5,533 gold ounces during the year.
Financial Highlights for the year ending September 30, 2016:
- Revenue of $16.7 million from the sale of 640,121 silver ounces and 5,533 gold ounces, a realized price of $15.50 per silver equivalent ounce
- Operating income of $943,000
- Cash flow from operations before changes in non-cash working capital of $3 million, or 2 cents per basic share
- Cash cost per ounce of silver, net of gold by-product credits was $0.76
- Cash cost per silver equivalent ounce was $6.60
- All in sustaining cost per silver equivalent ounce was $10.93
- Produced 654,864 silver and 6,028 gold ounces, providing 1,111,629 silver equivalent ounces
