Gold Resource Corporation Will Reschedule Its Fourth Quarter and Full Year 2021 Results

Rhea-AI Summary

Gold Resource Corporation (NYSE American: GORO) has postponed the release of its fourth quarter and full year 2021 financial results to finalize accounting efforts linked to the acquisition of Aquila Resources Inc., completed on December 10, 2021. The preliminary results announced on January 19, 2022, remain unchanged, and the company will set a new date for filing these results along with details for a related conference call. GORO focuses on its operations at the Don David Gold Mine in Oaxaca, Mexico, and aims to advance the Back Forty Project in Michigan.

Positive

• Acquisition of Aquila Resources Inc. potentially enhances resource base.
• Focus on developing the Back Forty Project, indicating growth strategy.

Negative

• Delay in releasing financial results could raise concerns among investors regarding transparency.
• Uncertainty around the impact of the acquisition on financial performance until results are released.

DENVER--(BUSINESS WIRE)-- Gold Resource Corporation (NYSE American: GORO) (the “Company”) announced today that it is postponing the release of its fourth quarter and full year 2021 financial results to provide additional time for the Company and its advisors to complete the year end accounting work associated with the acquisition of Aquila Resources Inc. on December 10, 2021.

The preliminary results announced on January 19, 2022, remain unchanged. Additional information will be provided as the Company sets a new date for filing the fourth quarter and full year 2021 results along with conference call details.

About GRC:

Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the company’s focus has been to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine and now that our acquisition of Aquila Resources Inc. is closed, to develop the Back Forty Project in Michigan, USA. For more information, please visit GRC’s website, located at www.goldresourcecorp.com and read the company’s Form 10-K for an understanding of the risk factors associated with its business.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220222006168/en/

Kim Perry

Chief Financial Officer

Kim.Perry@GRC-USA.com

www.goldresourcecorp.com

Source: Gold Resource Corporation

FAQ

Why did Gold Resource Corporation postpone its financial results release?

Gold Resource Corporation postponed its financial results release to complete accounting work related to its acquisition of Aquila Resources Inc.

What date did Gold Resource Corporation acquire Aquila Resources Inc.?

Gold Resource Corporation acquired Aquila Resources Inc. on December 10, 2021.

What are the preliminary results for Gold Resource Corporation?

The preliminary results for Gold Resource Corporation, announced on January 19, 2022, remain unchanged.

What is the focus of Gold Resource Corporation after the acquisition?

After the acquisition, Gold Resource Corporation is focusing on developing the Back Forty Project in Michigan.

What are the main operations of Gold Resource Corporation?

Gold Resource Corporation operates primarily at the Don David Gold Mine in Oaxaca, Mexico.