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HALIFAX,
NS, May
23, 2024 /CNW/ - GoGold Resources Inc.
(TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is
pleased to present its fourth annual Sustainability Report that
sets out the Company's performance and achievements with respect to
its environmental, social and governance ("ESG") practices.
The Company is steadfastly committed to responsible mining
practices, prioritizing safety, environmental responsibility, and
benefits for local communities.
"We're pleased to release our fourth annual Sustainability
Report which outlines our performance and achievements related to
ESG practices. Silver continues to be a metal that is a
key component of the emerging green economy. Our partnership
with the Town of Parral to help remediate their land produces
silver at a low carbon footprint of 0.006 tons of carbon dioxide
equivalent ("tCO2e") per ounce of silver equivalent
produced," said Brad Langille,
President and CEO. "We believe the work our ESG team have
been doing at Los Ricos South has been instrumental in establishing
our partnership with the local community. We will continue on
this path as we advance Los Ricos South towards production."
Highlights of the Report:
- Energy consumption decrease of 44% compared to prior year,
including a 25% decrease at Parral.
- Decreased carbon dioxide emissions by 38% compared to the
previous year.
- 0.006 tCO2e per oz of silver equivalent produced at
Parral.
- 0.006 tCO2e per tonne of ore processed.
- Increase of over 8% in safety and professional development
training to over 12,000 hours.
- Awarded the ESR distinction (Empresa Socialmente Responsables –
Corporate Social Responsibility)
- $17.2 million USD spent in local
purchases, including $422,000 in
community investment.
- Donation of 600 machine hours to nearby towns in order to help
with local infrastructure.
- Social impacts in nearby communities include providing food
packages to elderly, educational and sports supplies to local
children and medical attention to residents.
The full update is available for download at
www.gogoldresources.com/sustainability/
The Sustainability Report addresses ESG issues, detailing the
performance and results of the Company from January 1 to December 31, 2023. The methodology
and approach used in the report were based on the Global Reporting
Initiative guidelines.
GoGold is dedicated to supporting the United Nations Sustainable
Development Goals ("SDGs") by prioritizing them in line with
GoGold's four core principles: safety and health, environmental
conservation, work environment, and community engagement. The SDGs
are a critical part of the United Nations' 2030 Sustainable
Development Agenda, and the Company's actions directly and
indirectly impact each. GoGold is committed to enhancing its
efforts to promote sustainable development and to engage Company
stakeholders in planning and decision-making.
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
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.
CAUTIONARY STATEMENT:
The securities described herein have not been, and will not be,
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or any state securities laws,
and may not be offered or sold within the
United States or to, or for the benefit of, U.S. persons (as
defined in Regulation S under the U.S. Securities Act) except in
compliance with the registration requirements of the U.S.
Securities Act and applicable state securities laws or pursuant to
exemptions therefrom. This release does not constitute an offer to
sell or a solicitation of an offer to buy of any of GoGold's
securities in the United
States.
This news release may contain "forward-looking information" as
defined in applicable Canadian securities legislation. All
statements other than statements of historical fact, included in
this release, including, without limitation, statements regarding
the Parral tailings project, the Los Ricos project, future
operating margins, future production and processing, and future
plans and objectives of GoGold, constitute forward looking
information that involve various risks and uncertainties.
Forward-looking information is based on a number of factors and
assumptions which have been used to develop such information but
which may prove to be incorrect, including, but not limited to,
assumptions in connection with the continuance of GoGold and its
subsidiaries as a going concern, general economic and market
conditions, mineral prices, the accuracy of mineral resource
estimates, and the performance of the Parral project There can be
no assurance that such information will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such forward-looking information.
Important factors that could cause actual results to differ
materially from GoGold's expectations include exploration and
development risks associated with the GoGold's projects, the
failure to establish estimated mineral resources or mineral
reserves, volatility of commodity prices, variations of recovery
rates, and global economic conditions. For additional information
with respect to risk factors applicable to GoGold, reference should
be made to GoGold's continuous disclosure materials filed from time
to time with securities regulators, including, but not limited to,
GoGold's Annual Information Form. The forward-looking information
contained in this release is made as of the date of this
release.
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SOURCE GoGold Resources Inc.
