Gold Resource Corporation - GORO STOCK NEWS

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.

Gold Resource Corporation (NYSE American: GORO) reported 42,757 gold equivalent ounces sold in 2022, exceeding guidance. Despite a net loss of $6.3 million, the company generated $138.7 million in revenue and achieved an EBITDA of $29.5 million. The year-end cash balance stood at $23.7 million. Key investments included $31.3 million in the Don David Gold Mine and Back Forty Project. The company continues to face challenges like inflation and localized operational issues but remains optimistic about future drilling results. Plans for 2023 include significant capital investments and a focus on community collaboration for project sustainability.

Gold Resource Corporation (NYSE American: GORO) has announced promising drilling results from its Three Sisters, Marena, South Soledad, and Sagrario vein systems. These findings indicate potential for higher-grade resources and expanded mineralization, with drill intercepts revealing significant precious and base metal mineralization within 100 to 120 meters of existing workings. Highlights include notable gold and silver grades from various drill holes, particularly in the Three Sisters vein system. The company is advancing its 2023 exploration objectives to identify and define additional mineral resources while continuing infill drilling to upgrade inferred resources.