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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 a cash balance of $31.2 million and a net income of $4.0 million for Q1 2022, translating to an EPS of $0.05. The company sold 8,381 ounces of gold and 265,407 ounces of silver, generating $45.4 million in revenue. Investments totaled $7.1 million in exploration and infrastructure, with significant progress in environmental governance. The Don David Gold Mine received the ESR award for community commitment for the eighth year, reinforcing its social responsibility.
Gold Resource Corporation (NYSE American: GORO) will release its financial and operating results for the period ended
Gold Resource Corporation (NYSE American: GORO) has announced a quarterly dividend of $0.01 per share for Q2 2022, payable on June 30, 2022, to shareholders of record as of June 15, 2022. This dividend is subject to variation based on operational cash flows, company strategies, construction needs, and market conditions. The company primarily operates the Don David Gold Mine in Oaxaca, Mexico, and is focused on developing its Back Forty Project in Michigan, USA.
Gold Resource Corporation (AMEX: GORO) announced the hiring of Patrick Frenette as Vice President, Technical Services, and Steve Donohue as Vice President, Environmental and Regulatory Affairs. Both will play critical roles in advancing the Back Forty Project in Michigan, focusing on an environmentally friendly design for the optimized feasibility study and permitting. With over 18 years of mining experience, Frenette's expertise complements Donohue's 30 years of environmental permitting experience. CEO Allen Palmiere emphasizes their addition enhances project success likelihood.
Gold Resource Corporation (GORO) reported robust Q1 2022 results, selling 8,381 ounces of gold and 265,407 ounces of silver, translating to a gold equivalent of 11,729 ounces. Other sales included 4,359 tonnes of zinc, 408 tonnes of copper, and 1,639 tonnes of lead, contributing to a cash balance exceeding $31 million. The Don David Gold Mine in Mexico showed strong production, while the Back Forty Project in Michigan advanced significantly during the quarter.
Gold Resource Corporation (AMEX: GORO) will host its annual shareholders' meeting on May 19, 2022, at 9:00 a.m. Mountain Time in Denver, Colorado. The record date for shareholders entitled to vote is March 21, 2022. Details regarding the business to be conducted will be included in the Notice of Annual Meeting and Proxy Statement, which will be filed with the Securities and Exchange Commission.
The company focuses on gold and silver production, primarily from its Don David Gold Mine in Oaxaca, Mexico, and is developing the Back Forty Project in Michigan, USA.
Gold Resource Corporation (GORO) reported a net income of $8.0 million and revenue of $125.2 million for the year ending December 31, 2021. The company produced 22,644 gold ounces and invested $25.5 million in infrastructure at the Don David Gold Mine. Notable achievements include the completion of a filter press plant and the acquisition of the Back Forty Project in Michigan. Looking ahead, GORO projects 2022 gold production between 24,000 to 26,000 ounces and plans significant investment in exploration and infrastructure.
Gold Resource Corporation (NYSE American: GORO) will host a conference call on March 11, 2022, at 10:00 a.m. Eastern Time to discuss its fourth quarter and full year 2021 financial and operational results. The call will include remarks from key executives, followed by a live Q&A session. Investors can join via a webcast or telephone, with dial-in details provided. The company's operations focus on the Don David Gold Mine in Oaxaca, Mexico, and the recent acquisition of Aquila Resources Inc. aims to further development at the Back Forty Project in Michigan, USA.
Gold Resource Corporation (AMEX: GORO) announced a quarterly dividend of $0.01 per common share for Q1 2022, payable on March 31, 2022, to shareholders on record as of March 15, 2022. The company noted that dividend amounts may vary and be adjusted at the Board's discretion based on factors like operational cash flows and market conditions. Additionally, Gold Resource operates primarily at the Don David Gold Mine in Oaxaca, Mexico, and plans to develop the Back Forty Project in Michigan following its acquisition of Aquila Resources Inc.
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.
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