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GoGold Resources ( (TSE:GGD) ) has issued an update.
GoGold Resources reported first-quarter 2026 production from its Parral operation of 456,179 silver equivalent ounces, comprising 205,104 ounces of silver, 2,914 ounces of gold, 96 tonnes of copper and 150 tonnes of zinc. While reported silver-equivalent output declined due to changing metal price ratios, Parral generated record cash flows, supported by higher silver and gold prices, with gold production up about 8% and silver down roughly 3% from the prior quarter. Management highlighted a strong balance sheet, including US$245 million in cash, positioning the company to move ahead with its planned mine build at Los Ricos South, where detailed engineering is underway as it awaits the final environmental permit and prepares to order long lead-time equipment.
The most recent analyst rating on (TSE:GGD) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on GoGold Resources stock, see the TSE:GGD Stock Forecast page.
Spark’s Take on TSE:GGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:GGD is a Outperform.
GoGold Resources scores well due to its strong financial performance, characterized by robust revenue growth and profitability. Technical analysis supports a positive outlook with bullish momentum. However, the high P/E ratio suggests the stock may be overvalued, which slightly tempers the overall score.
To see Spark’s full report on TSE:GGD stock, click here.
More about GoGold Resources
GoGold Resources is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high-quality, low-cost projects in Mexico. The company operates the Parral Tailings mine in Chihuahua and is advancing its Los Ricos South and Los Ricos North exploration and development projects in Jalisco, building a portfolio aimed at high-margin precious metals production.
YTD Price Performance: 14.09%
Average Trading Volume: 2,069,849
Technical Sentiment Signal: Buy
Current Market Cap: C$1.27B
Learn more about GGD stock on TipRanks’ Stock Analysis page.