$GGD.TO

Earnings Flash (GGD.TO) GoGold Reported Record Quarterly Operating Cash Flows of US$21.2M On Revs of $30.3M From Sale of 383,695 Silver Equivalent Ounces

GoGold Resources' Net Income, Revenue Surge YoY in Quarter Ending March 31

GoGold Resources' (GGD.TO) net income and revenue surged year over year for the three months ended March 31 amid strong silver prices, the company said Wednesday.GoGold booked a net income of US$16.4 million, or $0.038 per share, for the quarter, jumping from $3.4 million, or $0.010 per share, in the year-ago quarter.Revenue climbed year over year to $30.3 million from $17.6 million as the realized silver price more than doubled to $79.04 per ounce from $31.70/oz.Silver equivalent sales reached 383,695 ounces compared to 555,511 ounces in the previous year.The company posted record operating cash flow of $21.2 million, soaring year over year from $5.1 million.Price: $2.88, Change: $+0.21, Percent Change: +7.68%