Halifax, NS – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (“GoGold”, “the Company”) is pleased to report production for the year ending September 30, 2021 of 2,270,073 silver equivalent ounces (“AgEq”), consisting of 1,138,358 silver ounces, 13,447 gold ounces, and 470 tonnes of copper. Quarterly production at Parral was 526,044 silver equivalent ounces, consisting of 221,202 silver ounces, 3,437 gold ounces, and a record 138 tonnes of copper.
“Parral in 2021 proved to be a very stable operation, producing 2.3 million silver equivalent ounces similar to the prior year, and generated in excess of $US 22 million in free cash flow over the year,” said Brad Langille, President and CEO. “We believe that the reinvestment of this free cash flow into the Los Ricos project is generating exceptional value growth for our shareholders.”

Table 1: Quarterly Production Summary
Quarter Ended Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
Silver Production (oz) 270,044 300,740 298,591 302,933 315,632 221,202
Gold Production (oz) 1,914 3,414 3,632 3,208 3,170 3,437
Copper Production (tonnes) 104 128 125 86 120 138
Silver Equivalent Production (oz)1 504,444 605,287 614,149 551,207 575,302 526,044
1. “Silver equivalent production” include gold ounces and copper tons produced and converted to a silver equivalent based on a ratio of the average market metal price for each period. The gold:silver ratio for each of the periods presented was: Jun 2020 – 105, Sep 2020 – 79, Dec 2020 – 76, Mar 2021 – 69, Jun
2021 – 68, Sep 2021 – 73. The copper:silver ratios were: Mar 2020 – 340, June 2020 – 326, Sep 2020 –
274, Dec 2020 – 305, Mar 2021 – 320, June 2021 – 369, Sep 2021 – 383.

Table 2: Annual Production Summary
Quarter Ended Sep 2019 Sep 2020 Sep 2021
Silver Production (oz) 1,059,438 1,315,661 1,138,358
Gold Production (oz) 9,149 10,089 13,447
Copper Production (tonnes) - 260 470
Silver Equivalent Production (oz)1 1,847,835 2,295,416 2,270,073
1. “Silver equivalent production” include gold ounces and copper tons produced and converted to a silver
equivalent based on a ratio of the average market metal price for each period. The gold:silver ratio foreach of the periods presented was: Sep 2019 – 86, Sep 2020 – 89, Sep 2021 – 72. The copper:silver ratio for the periods presented was: Sep 2020 – 302, Sep 2021 – 348

Mr. Robert Harris, P.Eng. is the qualified person as defined by National Instrument 43-101 and is
responsible for the technical information of this release.

About GoGold Resources
GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.
see & read more on
https://gogoldresources.com/images/uploads/files/2021_10_06_Q4_Production.pdf