TORONTO, Ontario — January 15, 2026 — Leads & Copy — Golconda Gold Ltd. reported a 69% increase in gold production for the year ended December 31, 2025, compared to the previous year.
The company (TSX-V: GG; OTCQB: GGGOF) produced 3,455 ounces of gold for the fourth quarter of 2025 and 13,020 ounces of gold for the year at its Galaxy Gold Mine.
In 2025, Golconda Gold mined 135,428 tonnes of ore from its Galaxy and Princeton ore bodies, with an average grade of 3.46 g/t, compared to 87,695 tonnes at 3.18 g/t in 2024. This represents a 54% increase in ore tonnes mined year-on-year at a 9% higher grade.
The company established stoping at a new mining area, Princeton Top, in Q2 2025, contributing 16,477 tonnes of ore at a grade of 3.03 g/t during FY 2025. It also completed the refurbishment of the sub-vertical shaft and associated infrastructure on Galaxy 26 and 27 levels, with the first ore development blast occurring in December 2025.
Golconda Gold increased the size of its mining fleet, adding one new drill rig, three LHD’s, and two dump trucks during FY 2025, and ended Q4 2025 with 6,410 tonnes of stockpiled ore on the surface and underground at an average grade of 3.21 g/t, representing approximately 660 ounces of contained gold expected to be processed in the first quarter of 2026.
In processing, the company produced 11,289 tonnes of concentrate at an average grade of 35.9 g/t containing 13,020 ounces of gold in FY 2025, compared to 6,661 tonnes at 36.0 g/t containing 7,712 ounces of gold in FY 2024.
Provisional gold sales reached 10,143 ounces of payable gold at an average realized price of $3,458 per ounce in FY 2025, compared to gold sales of 6,049 ounces of payable gold at an average realized gold price of $2,394 per ounce in FY 2024, marking a 68% increase in gold sold at a 44% higher realized gold price.
Golconda Gold CEO Ravi Sood said that 2025 was a transformational year for Galaxy and Golconda Gold. Sood noted that two historic mining areas were re-established during the year, Princeton Top and Galaxy 26/27 levels, and that investments in mining equipment enabled gold production to increase 69% compared to 2024. The CEO added that the increase in production, combined with the rise in realized gold price, has enabled the company to invest further in the Galaxy development plan and improve the company’s balance sheet and working capital position.
Ravi Sood is the CEO of Golconda Gold Ltd. He can be reached at +1 (647) 987-7663 or ravi@golcondagold.com.
Source: Golconda Gold
