What GoGold Resources does

GoGold Resources Inc. is a Canadian-based precious metals producer focused on silver and gold mining operations in Mexico. The company is headquartered in Halifax, Nova Scotia, listed on the TSX (GGD) and OTCQX (GLGDF), and currently operates one producing asset, the Parral Tailings Mine in Chihuahua, a low-cost agglomerated heap leach facility that processes 340 years of historic mining tailings through a Merril Crowe plant, with recently added SART and zinc circuits that allow recovery of silver, gold, copper, and zinc byproducts. Recoveries at Parral are reported at 65%, and the operation generates the cash flow that funds the company's growth pipeline.

GoGold's growth pipeline is anchored by the Los Ricos district in Jalisco, Mexico, acquired in 2019 and covering more than 24,000 hectares. Los Ricos South is a fully permitted bulk tonnage underground mine that received final SEMARNAT environmental approval and board construction authorization in June 2026, with a feasibility study base case of US$355M After-Tax NPV, a 28% After-Tax IRR, a 15-year mine life producing 80 million payable silver equivalent ounces, US$227M in initial capex, and an all-in sustaining cost of US$12.32/oz AgEq. Los Ricos North is an earlier-stage exploration project with a May 2023 PEA showing US$413M After-Tax NPV and a 13-year mine life producing 110.3 million payable AgEq ounces.

The company monetizes production by selling silver, gold, and copper (and increasingly zinc credits) into global commodity spot markets at prevailing market prices, with FY2025 (ending September 30, 2025) revenue of $72.5M and net income of $17.3M. Capital formation is led by BMO Capital Markets through a series of bought deal financings totaling over C$400M cumulatively, with the most recent being a C$144M offering in November 2025. GoGold's GTM is investor-relations-led, targeting institutional and retail investors through mining investment conferences (Deutsche Goldmesse, New Orleans Investment Conference), analyst coverage from Stifel, BMO Capital Markets, and Desjardins Securities, and ongoing press release flow. Management is led by CEO Brad Langille, a co-founder of Gammon Gold and Mexgold with a track record of building the Ocampo and El Cubo mines, and Chairman John Turner, who leads Fasken's Global Mining Group.

Name

GoGold Resources

Legal name

GoGold Resources Inc.

Website

https://gogoldresources.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

GoGold Resources is a Canadian-based silver and gold producer operating the Parral heap leach tailings mine in Chihuahua, Mexico, with the fully permitted Los Ricos South underground mine advancing to construction in Jalisco, targeting institutional and retail precious-metals investors.

Ownership category

akta.pro rank

Product category

Silver and Gold Mining

NAICS

Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Silver Mining (IMAKAEAB)

Keywords

• Silver gold mining
• Precious metals production
• Heap leach processing
• Mineral exploration development
• Mining development Mexico

Headquarters

HQ city

Halifax

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Others

Revenue model

1. Silver and Gold Sales: GoGold generates revenue through the sale of silver, gold, and copper produced from its Parral Tailings mine in Chihuahua, Mexico. Revenue is commodity price-dependent and calculated on a silver equivalent ounce basis. The company reported record revenue of $72.5 million in 2025 and $31.1 million in Q4 2025, with realized silver equivalent prices averaging $63.88/oz.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

GoGold Resources is a Canadian-based silver and gold producer that operates the Parral Tailings heap leach mine in Chihuahua, Mexico, processing historic tailings to produce saleable silver, gold, and copper. The company is also developing the fully permitted Los Ricos South bulk tonnage underground mine in Jalisco, Mexico, and holds the advanced exploration-stage Los Ricos North project covering over 24,000 hectares. Revenue is generated through the sale of silver equivalent ounces at prevailing commodity market prices.

Product overview

GoGold Resources is a Canadian-based silver and gold producer operating two core projects in Mexico: the Parral Tailings Mine (a producing low-cost heap leach operation) and the Los Ricos project (divided into Los Ricos South, a fully permitted mine under construction, and Los Ricos North, an advanced exploration project). The company also processes material from the Esmerelda tailings property at its Parral facility.

Differentiator

Problem solved

Functional benefit

Products and services

• Parral Tailings Mine Low-cost agglomerated heap leach silver and gold production operation processing historic tailings from 340 years of mining in Hidalgo del Parral, Chihuahua, Mexico. Produces saleable silver, gold, and copper at a 65% recovery rate, with material loaded, trucked approximately 11km out of the city, agglomerated, and stacked on a heap leach pad where solution is applied and pregnant solution is processed through a Merril Crowe facility. The operation also remediates and reclaims urban land in the city of Parral while generating positive operating cash flows that fund exploration and development.
• Los Ricos South Project Fully permitted bulk tonnage underground mine development project in Jalisco, Mexico, with construction approved in June 2026. Feasibility study completed in January 2025 with base case After-Tax NPV of US$355 million, After-Tax IRR of 28%, 15-year mine life producing 80 million payable silver equivalent ounces, and initial capital costs of $227 million. Average all-in sustaining cost of $12.32 per silver equivalent ounce over the underground mine life. Power supply contract secured from Mexico's Federal Electricity Commission (CFE) sourced from the Yesca Hydro dam.
• Los Ricos North Project Exploration project in Jalisco, Mexico with a Preliminary Economic Assessment (PEA) completed in May 2023 showing base case After-Tax NPV of US$413 million, After-Tax IRR of 29%, and 13-year mine life producing 110.3 million payable silver equivalent ounces. The property comprises multiple concessions covering over 24,000 hectares with deposits including El Favor, Casados, La Trini, Mololoa, and El Orito, providing district-scale exploration upside.
• Esmerelda Tailings Acquired tailings property acquired in February 2015, containing 5.77 million tonnes at 49 g/t silver and 0.26 g/t gold for an estimated 13.3 million silver equivalent ounces. Material is processed at the existing Parral agglomerated heap leach facility, extending feed to the operating mine.

Quantifiable outcome

• Record quarterly revenue of $31.1 million in Q4 2025, a 62% increase over previous record
• +4 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Cominvi S.A. de C.V.coreImplementation/ SI/ Consulting Partner · 23 February 2026Mexican mining contractor selected by GoGold for construction of the Los Ricos South project. Cominvi is engaged for mine development and construction activities, bringing local expertise and established relationships in the Mexican mining sector.
• CFE (Comisión Federal de Electricidad)coreStrategic or Co-development Partner · 23 February 2026Mexico's Federal Electricity Commission providing power supply contract for Los Ricos South from the Yesca Hydro dam. This ensures reliable, sustainable power supply for the mine development and operations.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• First Majestic Silver Corp: First Majestic is a Canadian-based pure-play silver producer with multiple operating mines in Mexico, making it the closest direct comparable to GoGold's silver-focused, Mexico-centric production profile.
• MAG Silver Corp: MAG Silver is a Canadian silver-focused development and producer with its flagship Juanicipio mine in Mexico (joint venture with Fresnillo), offering a directly comparable silver/Mexico development-stage profile to GoGold.
• Endeavour Silver Corp: Endeavour Silver is a mid-tier silver-gold producer operating three underground mines in Mexico, closely comparable to GoGold in scale, geography, and dual silver-gold commodity focus.
• Americas Gold and Silver Corporation: Americas Gold and Silver operates the Cosalá operations in Mexico and the Relief Canyon mine in Nevada, with a comparable silver-gold focus and similar mid-cap profile to GoGold.
• Avino Silver & Gold Mines Ltd. Avino Silver & Gold Mines operates the Avino mine in Durango, Mexico, producing silver, gold, and copper, making it a closely comparable small-cap silver producer with similar commodity mix to GoGold's Parral operation.
• SilverCrest Metals Inc. SilverCrest operates the Las Chispas silver-gold mine in Sonora, Mexico. Although recently acquired by Coeur Mining, it remains a relevant benchmark as a high-grade Mexican silver-gold producer of similar scale and geology.
• Fortuna Silver Mines Inc. Fortuna Silver operates silver-gold mines in Mexico, Peru, and Argentina (including the recently commissioned Séguéla mine), offering a comparable silver-gold multi-jurisdiction producer profile though at larger scale than GoGold.

Broad incumbents

• Coeur Mining Inc. Coeur Mining is a US-based silver and gold producer with operations across North America (including the Las Chispas mine in Mexico acquired via SilverCrest), offering broader portfolio exposure and similar silver-gold focus to GoGold.
• Pan American Silver Corp: Pan American Silver is one of the world's largest primary silver producers with multiple Mexican operations (including La Colorada and Dolores), offering broader scale and portfolio diversification than GoGold but similar silver-gold commodity exposure.

Others

• Gammon Gold Inc. Gammon Gold is the predecessor company co-founded by GoGold CEO Brad Langille, with the Ocampo mine serving as the foundational asset for both executives. While not currently a direct competitor, it provides a strategic and management-lineage connection to GoGold's leadership.

Market position

Weaknesses1 record

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/GoGoldResources
• Facebookfacebook.com/gogoldresources
• LinkedInlinkedin.com/company/gogold-resources-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds9 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GoGold Resources