GoGold Advances Construction Activities at Its Los Ricos South Project, Mexico
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GoGold Resources relased an update on construction at its Los Ricos South Project in Jalisco, Mexico, following the commencement announced on August 25, 2026. The project is progressing on schedule, and the company reiterates first silver pour in the second quarter of 2028.
“Construction at Los Ricos South is moving ahead at full steam. Site clearing is well advanced, with more than 150 contractors on site, and all long-lead equipment orders have been placed,” said Brad Langille, president and CEO.
“With $284 million in cash in addition to cash flow from Parral, the project is fully funded with no debt or additional equity required. Based on our internal estimates using $60/oz silver and $4,200/oz gold, we see our maximum cash outlay in Q3 2027 and maintain cash reserves at a minimum of $130 million throughout the build. We are progressing on schedule and remain focused on delivering first silver pour in Q2 2028,” added Langille.
LOS RICOS SOUTH CONSTRUCTION HIGHLIGHTS
Active Site Works
Site clearing and earthworks advancing at the process plant site with more than 150 contractors on site.
All Long-lead Orders Placed
All long-lead equipment orders have been placed, with procurement continuing on schedule. The long-lead orders include the SAG mill, tailings filter, crusher, electrical switchgear, Merrill-Crowe plant, conveyors, slurry pumps, hydrocyclones, feeders, and screens.
Plant Design
The design by M3 and DENM Engineering is at 90 percent complete.
Underground Mining Contractor Selected
Cominvi planned to mobilize to site in Q4 2026.
Schedule Maintenance
Construction and procurement remain on schedule, with first silver pour reiterated for Q2 2028.
To date, the company has spent $15 million on the project.
GoGold Resources 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 Project, which is in development with a construction decision approved by the board, and Los Ricos North exploration and development project, both in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects.
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