GoGold recorded revenue of $12.5 million from the sale of 825,236 silver equivalent ounces since declaring commercial production on March 1, 2015 at the Company’s Parral operation during the year ended September 30, 2015.
* The shutdown at Velardena has progressed on time and below cost projections, due primarily to reduced severance costs as a number of employees have been assigned to work at the oxide plant, which is leased to a third party
* The Company has received an $800,000 tax refund related to activities of ECU Silver Mining, prior to its acquisition by the Company in September 2011
* The Company has received a $500,000 payment under the oxide plant lease earlier than expected, as required permits have been obtained and ore processing has commenced in December
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