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GGD — GoGold Resources News Story

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Canada's GoGold Resources Q2 revenue rises, helped by Parral mine strength

Overview

Canada silver and gold producer's Q2 revenue rose to record $30.3 mln

Net income for Q2 rose to $16.4 mln, with basic EPS at $0.038

Record operating cash flow of $21.2 mln driven by Parral mine performance

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

PARRAL MINE PERFORMANCE - Co said record operating cash flows were driven by strong performance at the Parral mine

HIGHER SILVER PRICES - Realized silver prices rose sharply compared to the prior year, impacting revenue and silver equivalent ounces sold

Company press release: ID:nNFCNtnrL

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Revenue$30.33 mln
Q2 Net Income$16.44 mln
Q2 Basic EPS$0.04
Q2 Operating Income$18.50 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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