Gold Resource Corporation Reports Fatality at Arista Underground Mine

Rhea-AI Summary

Gold Resource Corporation (GORO) reported a tragic incident at its Arista mine in Oaxaca, Mexico, where an employee was fatally injured on December 24, 2020. The Company is cooperating with authorities to investigate the cause of the accident, which occurred in an unauthorized area of the mine. Operations at the site continue alongside the investigation. GORO is reviewing and updating safety procedures, prioritizing employee health and safety, and extends condolences to the affected family and colleagues.

Positive

• None.

Negative

• A fatal accident occurred at the Arista mine, raising safety concerns.
• The incident may impact employee morale and public perception of operational safety.

COLORADO SPRINGS, Dec. 28, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Gold Resource Corporation (NYSE American: GORO) (the “Company”) regretfully reports an Arista mine employee was fatally injured Thursday, December 24, 2020 at its operations in Oaxaca, Mexico.  The Company is working with authorities in an ongoing investigation to establish the exact cause of the accident. 

The incident involved a light vehicle in an unauthorized and inactive area of the Arista underground mine.  The Company immediately informed the relevant authorities, and an investigation of the incident is currently ongoing.  Company mining operations continue in parallel with the investigation. 

The entire management team of Gold Resource Corporation extend our deepest sympathies to the family, friends and colleagues who have lost their loved one in this tragic accident.  Safety procedures are currently being reviewed and updated as employee health and safety are priority one for the Company.

About GRC: 

Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.  For more information, please visit GRC’s website, located at www.goldresourcecorp.com and read the Company’s 10-K for an understanding of the risk factors involved. 

Contacts:

Corporate Development

Greg Patterson

303-320-7708

www.goldresourcecorp.com

FAQ

What happened at Gold Resource Corporation's Arista mine on December 24, 2020?

An employee was fatally injured in an accident involving a light vehicle in an unauthorized area.

How is Gold Resource Corporation responding to the incident at the Arista mine?

The Company is working with authorities on an investigation and reviewing safety procedures.

Is Gold Resource Corporation's mining operations continuing after the fatal accident?

Yes, mining operations are continuing while the investigation is ongoing.

What precautions is Gold Resource Corporation taking following the fatal incident?

The Company is reviewing and updating its safety procedures to prioritize employee health and safety.

How does the fatal accident at GORO’s mine affect its stock performance?

Such incidents can negatively impact investor confidence and public perception of the company's operations.