09:15 AM EDT, 10/08/2025 (MT Newswires) -- Golconda Gold ( GGGOF ) , which rose 6.5% yesterday, announced Wednesday production of 3,588 ounces of gold for the third quarter of 2025 at its Galaxy Gold Mine, an 18% increase in gold production compared to Q2 2025 and a 51% increase compared to Q3 2024.

Golconda Gold ( GGGOF ) CEO, Ravi Sood, said: "Galaxy achieved record gold production in Q3, totalling 3,588 ounces of gold, an 18% increase on Q2 2025 and a 51% increase on Q3 2024. This was largely due to increased ore mined from the Princeton orebody, increasing 81% compared to Q2 2025 due to commencing mining at the Princeton Top section during the quarter. Production in the first three quarters of 2025 is 74% ahead of the same period in 2024. With the materially higher gold price, the company is generating significant operational cash flow and continues to de-leverage its balance sheet and invest in further expansion at Galaxy, including refurbishment of the existing sub-vertical shaft and associated infrastructure to allow mining on a second level at the Galaxy ore body by the end of 2025, adding an additional ore source to the processing plant, which has significant spare capacity."