09:12 AM EDT, 04/10/2024 (MT Newswires) -- GoGold Resources ( GLGDF ) on Wednesday reported a 6.1% drop in first quarter silver equivalent production versus the corresponding period in 2023.

Production fell to 375,745 ounces compared with 400,145 ounces in the first quarter of 2023. But it was up from 300,260 in December 2023.

Silver production fell to 138,657 ounces from 173,717 ounces a year earlier while gold production increased to 2,184 ounces from 2,016 ounces a year earlier. Copper production fell by more than a third to 93 tonnes.

"Now that the SART Zinc circuit's commissioning has been completed and is operational, we are seeing an increase in the leaching of gold and silver, in addition to the production of a saleable zinc and copper product. We anticipate further increases in silver and gold production over the coming months as the extraction of zinc and copper from the heap leach solution improves the precious metal leachability in the heap," Brad Langille , President and CEO said in a statement.

"At Los Ricos South, we continue to advance our definitive feasibility study, which we are anticipating completion this summer. With the gains realized from the SART plant at Parral, along with the significant metal price increase, Parral, as planned, is becoming a contributor to the future funding of the Los Ricos South project."