Canada's GoGold Resources Q3 revenue rises on elevated silver prices

GoGold Resources

12/08/2026 12:55

Overview
Canada silver and gold producer's Q3 revenue rose yr/yr, net income and EPS increased
Company achieved record operating cash flow, driven by strong Parral mine performance
Cash holdings at quarter end exceeded initial capital expenditure for Los Ricos South project

Outlook
Company did not provide specific guidance for the current quarter or full year in the press release

Result Drivers
PARRAL MINE PERFORMANCE - Co attributed record operating cash flows to strong Parral mine operations
HIGHER SILVER PRICES - Strengthening silver prices relative to gold impacted SEO sold and revenue
AISC ADJUSTMENTS - All-in sustaining cost per SEO was affected by changes in equivalency ratios and a non-cash fair value adjustment on stock-based awards

Company press release: ID:nNFC9kvD9d

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$27.76 mln
$35 mln (1 Analyst)
Q3 Net Income
 
$10.89 mln
 
Q3 Basic EPS
 
$0.025
 
Q3 Operating Income
 
$10.64 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the diversified mining peer group is "buy"
Wall Street's median 12-month price target for GoGold Resources Inc. is C$5.13, about 35.2% above its August 11 closing price of C$3.79
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Aug 12 - Canada's Avino Q2 revenue rises on higher silver prices
Aug 12 - Canada's Andean Precious Metals Q2 revenue falls on higher average realized prices for gold and silver
Aug 11 - Canada's Integra Resources Q2 revenue rises on higher gold prices

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.)