HALIFAX, Feb. 13, 2017 /CNW/ – GoGold Resources Inc. (TSX: GGD) (“GoGold”, “the Company”) is pleased to announce the release of financial results for the quarter ending December 31, 2016. GoGold recorded revenue of $6.9 million from the sale of 413,941 silver equivalent ounces with a cash cost per silver equivalent ounce of $6.70, with an operating income of $2.175 million for the quarter (All amounts are in U.S. dollars).
Financial Highlights for the quarter ending December 31, 2016:
- Revenue of $6.856 million from the sale of 413,941 silver equivalent ounces, a realized price of $16.56 per silver equivalent ounce
- Operating income of $2.175 million
- Cash flow from operations before changes in non-cash working capital of $3 million, or 2 cents per basic share
- Cash cost per silver equivalent ounce of $6.70
- All in sustaining cost per silver equivalent ounce of $9.16
- Produced 403,545 silver equivalent ounces