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Gold Resource Corporation (GORO) is a dynamic mining and metals company headquartered in Colorado Springs, Colorado, USA. Specializing in the production, development, and exploration of gold and silver, GORO operates significant projects in Oaxaca, Mexico, and Nevada, USA. The company focuses on low capital expenditure projects with the potential for high returns, ensuring efficient and profitable operations.
The company's flagship project, Don David Gold in Oaxaca, Mexico, is a prime example of its commitment to resource extraction and economic growth. Additionally, the Back Forty project in Michigan, USA, underscores GORO's strategic expansion and exploration efforts.
Gold Resource Corporation's approach balances operational efficiency with sustainable practices, aiming for minimal environmental impact while maximizing output. The company is known for its robust financial health, strategic partnerships, and a strong portfolio of valuable assets.
With a focus on delivering shareholder value, GORO continually seeks new opportunities to enhance its production capabilities and resource base. Its transparent business practices and commitment to community engagement further solidify its reputation in the industry. Stay updated with the latest news and developments from Gold Resource Corporation to understand its impact and future trajectory.
Gold Resource Corporation (GORO) reported its Q1 2023 results, marking a continuation of solid operations with a total of 10,055 gold equivalent ounces sold, including 6,508 ounces of gold and 294,815 ounces of silver. The company generated $31.2 million in revenue but faced a net loss of $1 million, translating to $0.01 per share. EBITDA stood at $6.3 million. Key investments included $5 million in the Don David Gold Mine and Back Forty Project, with an expansion exploration drilling program exceeding 2,500 meters. GORO maintained a solid cash position of $21.4 million and working capital increased to $24.1 million, indicating financial stability.
Gold Resource Corporation (NYSE American: GORO) reported Q1 2023 results, selling 6,508 ounces of gold and 294,815 ounces of silver, totaling 10,055 gold equivalent ounces. Key metrics include 3,060 tonnes of zinc, 332 tonnes of copper, and 1,417 tonnes of lead. Production improvements were attributed to targeted drilling and a new leadership team enhancing efficiency and safety. The average price for gold was $1,915 per ounce, and silver was $23 per ounce. Compared to Q1 2022, gold sales decreased from 8,381 ounces, while silver sales increased from 265,407 ounces. Highlights also include ongoing feasibility studies at the Back Forty Project in Michigan, aiming to refine capital estimates and metallurgical testing.
Gold Resource Corporation (AMEX: GORO) has announced its annual meeting of shareholders scheduled for 10:00 a.m. Mountain Time on Thursday, June 15, 2023, at 7800 East Union Avenue, Denver, Colorado. The record date to determine eligible shareholders is set for April 17, 2023. Further details regarding the agenda will be shared in the Notice of Annual Meeting and Proxy Statement, which will be filed with the Securities and Exchange Commission.
Gold Resource Corporation is primarily engaged in the production, development, and exploration of gold and silver, with operations focused on the Don David Gold Mine in Oaxaca, Mexico.
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