GoGold Resources Inc.
GoGold Resources is a Canadian silver, gold, and copper producer operating the Parral Tailings retreatment mine in Chihuahua, Mexico, alongside its flagship Los Ricos South and Los Ricos North development projects in Jalisco. Fiscal Q3 2026 production reached 477,464 silver-equivalent ounces, up 21% quarter-over-quarter, and annual production grew 45% to over 2.1M AgEq ounces for the year ended September 30, 2025.
Notable vs. Peers
- Financials score of 10/10 is stronger than the peer average of 6.9/10.
- All-in sustaining cost of $30.30/oz AgEq is 16% lower than the peer producer average of $35.86/oz AgEq.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Jun 2014 · Source
- Mar 2015 · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Not in place: tailings facility.
Combined view across 3 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
- 28%Los Ricos South Project, Jalisco, Mexico
- 15 yrsLos Ricos South Project, Jalisco, Mexico
Jurisdiction (40%)6/10
Mexico has a long mining history and generally mining-friendly states (Chihuahua, Jalisco), though shifting federal mining-law rhetoric in recent years keeps it a notch below top-tier jurisdictions like Canada or Australia.
Infrastructure (40%)8.6/10
A confirmed mill, confirmed road access, confirmed grid power, and no confirmed tailings facility at Parral Tailings Mine & Los Ricos District, Mexico.
Nearby producing mine (20%)10/10
San Francisco del Oro (Minera Frisco, S.A.B. de C.V.) is 19 km away -- within shared-mill trucking range.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:8.1/10
Nearest producing mine: San Francisco del Oro (Minera Frisco, S.A.B. de C.V.), 19 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:6/10
Mexico: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:5/10
Primary commodity: Silver
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President, Chief Executive Officer and Director of GoGold Resources Inc. Joined GoGold as a strategic advisor in 2010, became President & CEO in 2016 and a Director in 2020. Has raised over $1 billion in capital across his career. Career: Co-Founder, Director and CEO of Gammon Gold Inc. (1999-2007, led the Ocampo and El Cubo mines from grassroots to commercial production in Mexico; Gammon Gold was later renamed AuRico Gold Inc. in 2011, after his tenure) and, concurrently, of Mexgold Resources Inc. (1999-2007).
Chief Financial Officer of GoGold Resources Inc. Career: CFO, Brigus Gold Corp. (2011-2012, real Black Fox gold producer, later merged into Primero Mining Corp. in 2014, well after his departure); Senior Vice President, Finance, AuRico Gold Inc. (2007-2011, later merged into Alamos Gold Inc. in 2015, well after his departure); Director of Finance, Eastern Canada division of Sysco Corporation (2004-2007, non-mining).
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
GoGold's register is specialist-heavy even though our own records hold only one negligible line. Dedicated precious-metals funds on the shareholder list include Sprott Gold Equity Fund, ASA Gold & Precious Metals, Franklin Gold & Precious Metals, the Sprott Silver Miners & Physical Silver ETF and Goehring & Rozencwajg Resources Fund, alongside the usual rules-based sector ETFs. Around 35 institutions have filed on the stock and institutional ownership is 32.3%. What is missing is size: no individual position is disclosed at a level we can score, no producer or strategic holder is on the register, and there are no insider transactions on record.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Despite its name, GoGold Resources' primary metal is silver: it produces silver, gold and copper from the Parral tailings retreatment operation in Chihuahua, Mexico, in commercial production since March 2015, and is developing the Los Ricos South and Los Ricos North projects in Jalisco. Its measured and indicated resources contain 103,650,000 oz of silver (31,090,000 oz measured, 72,559,000 oz indicated) plus 51,604,000 oz inferred, made up of Los Ricos South (57,150,000 oz, estimate effective January 2025) and Los Ricos North (46,500,000 oz, December 2021). The board approved construction of the Los Ricos South underground mine in June 2026 after final SEMARNAT permits, and construction started on 25 August 2026. The January 2025 Los Ricos South feasibility study shows an after-tax NPV5% of US$355M and a 28% IRR at US$26.80/oz silver over a 15-year mine life. Parral produced 477,464 silver-equivalent ounces in the quarter to 30 June 2026; its all-in sustaining cost in the quarter to 31 March 2026 was US$30.30 per silver-equivalent ounce.
GoGold Resources' Feasibility Study for Los Ricos South in Jalisco, Mexico (announced 16 Jan 2025) outlines a re-engineered 2,000tpd underground mine over a 15-year mine life. After-tax NPV5 of US$355M and after-tax IRR of 28% on US$227M of initial capital, at base-case prices of US$26.80/oz silver, US$2,330/oz gold and US$4.00/lb copper. Rises to US$469M NPV5 and 34% IRR at approximate spot prices of US$30/oz silver and US$2,608/oz gold. Proven and Probable Reserves of 10.2Mt at 275.7 g/t AgEq for 90.7Moz AgEq contained; 79.9Moz AgEq payable (41.1Moz silver, 423.6koz gold, 11.2Mlb copper).