Approval Breakthrough...: The Next Stage Ignites! Mexico Gives Green Light! Clear Path for Mine Construction!
SEMARNAT gives the green light, the board approves construction, and 'Los Ricos South' moves to the next phase. GoGold Resources is on the cusp of a new company chapter.
Advertisement/Advertorial - This article appears on behalf of GoGold Resources Inc.! · Paid relationship: SRC swiss resource capital AG maintains a paid IR consulting contract with GoGold Resources Inc. · Creator: JS Research GmbH, Olsberg · Author: Jörg Schulte (CEO JS Research GmbH) · Compensation through SRC · First publication: June 9, 2026, 5:41 a.m. Europe/Berlin ·
Dear readers,
In the resource sector, there are announcements – and there are real turning points. Exactly such a turning point now lies before GoGold Resources Inc. (WKN: A1JAES).
The company has received the still outstanding permits from the Mexican environmental authority SEMARNAT for its silver-gold project 'Los Ricos South' in the state of Jalisco, Mexico. At the same time, the board of directors has made the construction decision. From start of construction to first metal pour, GoGold expects approximately 24 months.
Source: GoGold Resources
This changes the quality of the investment story significantly. From an advanced development project with a feasibility study, technical preparation, and a strong balance sheet, it is now becoming a concrete construction project.
Silver market: strong stage for new projects!
Silver remains one of the most exciting commodities of the coming years. The metal combines the classic precious metal function with broad industrial demand from photovoltaics, electronics, power grids, automotive technology, and other future-oriented sectors.
For companies like GoGold (WKN: A1JAES), this environment is particularly interesting. The silver market needs not only exploration stories but projects that can actually move toward production. The new permit announcement hits exactly this point.
SEMARNAT gives green light: 'Los Ricos South' can be built!
GoGold Resources (WKN: A1JAES) announced yesterday, June 8, 2026, one of the most important milestones in the company's history: SEMARNAT has granted all permits and approvals required for construction of the 'Los Ricos South' underground mine.
This news is far more than a formal step. In mining, permits often determine whether a project remains in study status or whether it can become a real mine. At GoGold, this critical hurdle has now been cleared.
This shifts the market's focus: No longer the permit question is central, but rather implementation – i.e., construction progress, cost control, procurement, construction execution, commissioning, and first metal pour.
Source: Own illustration based on company information from GoGold Resources
'Los Ricos South': From study to construction project!
The basis for 'Los Ricos South' is the feasibility study published in January 2025. It describes an underground project with a planned processing capacity of 2,000 tonnes per day.
The study indicates proven and probable reserves of approximately 10.2 million tonnes averaging about 276 g/t silver equivalent. In total, these reserves correspond to around 91 million ounces of silver equivalent.
Over the planned mine life, the study estimates production of approximately 80 million payable ounces of silver equivalent. These consist of about 41 million ounces of silver, approximately 424,000 ounces of gold, and about 11 million pounds of copper. For the first five production years, average annual production of approximately 7.3 million ounces of silver equivalent is indicated.
Source: GoGold Resources
The economic key figures are also strong: In the base case, the study yielded an after-tax NPV(5%) of US$355 million and an after-tax IRR of 28%. The initial capital costs were estimated at US$227 million. For the first five production years, GoGold (WKN: A1JAES) cites average all-in sustaining costs, i.e., AISC, of US$11.19 per ounce of silver equivalent.
'Parral' delivers cash flow – full coffers support construction!
GoGold (WKN: A1JAES) is not a pure developer without ongoing revenues. With the 'Parral Tailings' mine in the Mexican state of Chihuahua, the company has an active operation that processes historical tailings material and extracts silver, gold, and by-products.
In the second quarter of fiscal year 2026, 'Parral' produced 394,605 ounces of silver equivalent. This consisted of 230,680 ounces of silver, 2,549 ounces of gold, 84 tonnes of copper, and 93 tonnes of zinc.
Financially, the quarter was particularly strong: GoGold reported for the quarter ended March 31, 2026, revenue of US$30.3 million, operating cash flow of US$21.2 million, and free cash flow from 'Parral' of US$14.6 million.
The most important point, however, remains the balance sheet. As of March 31, 2026, GoGold (WKN: A1JAES) had US$262.2 million in cash. Thus, the cash position is theoretically above the initial investment requirement of US$227 million from the feasibility study. Together with ongoing cash flow from 'Parral', this results in an exceptionally strong starting position for the construction phase.
Source: Own illustration based on company information from GoGold Resources
Why this step changes the GoGold story!
Until now, the story was: GoGold (WKN: A1JAES) produces with 'Parral', has plenty of cash, and is waiting for the permit for 'Los Ricos South'. Now, it reads: GoGold produces with 'Parral', has plenty of cash, has received the permit, and can proceed with construction of the next mine.
That is a clear difference. Uncertainty has not disappeared, but it has shifted. Previously, the focus was on the permit. Now, the focus is on implementation. For shareholders and interested investors, the starting position becomes significantly more tangible.
Additionally, 'Los Ricos North' remains the second major building block in the district. While 'Los Ricos South' now moves toward construction, 'Los Ricos North' offers further development potential within the same project area. GoGold thus possesses an operating mine, a permitted construction project, and an additional development option.
Advertorial paid for by GoGold Resources! We publish this paid contribution produced by Commodity-TV on behalf of GoGold.
Conclusion: The next company chapter begins!
GoGold Resources (WKN: A1JAES) has achieved a central milestone with the receipt of the SEMARNAT permit for 'Los Ricos South'. At the same time, the board has approved construction of the underground mine. From start of construction to first metal pour, the company expects approximately 24 months.
The starting position is strong: 'Parral' delivers ongoing revenues and cash flow, GoGold has a very high level of liquidity, and the initial capital costs for 'Los Ricos South' are, according to the feasibility study, below the most recently reported cash balance.
The direction is clear: GoGold (WKN: A1JAES) is today no longer a pure silver developer waiting for a permit. GoGold is a producing company with a well-filled treasury and a now permitted construction project in Mexico. In a silver market that urgently needs new, advanced projects, this is a remarkable starting position.
Best regards,
Your
Jörg Schulte
Sources: GoGold Resources Inc., press release dated June 8, 2026: "GoGold Achieves Major Milestone: Final Remaining Permits Secured and Construction Approved for Los Ricos South Underground Mine" GoGold Resources Inc., press release dated May 6, 2026: "GoGold Announces Record Quarterly Operating Cash Flow" GoGold Resources Inc., press release dated April 15, 2026: "GoGold Announces Q2 2026 Parral Production" GoGold Resources Inc., press release dated February 23, 2026: "GoGold Advances the Development of their Los Ricos South Project" GoGold Resources Inc., press release dated January 16, 2025: "Los Ricos South Feasibility Study with After Tax NPV of US$355M" wallstreet-online.de, article dated June 8, 2026; Company information GoGold Resources Inc.; The Silver Institute. Source intro image: Symbol image, AI generated
