Gold Resource Corporation - GORO STOCK NEWS

Gold Resource Corporation (NYSE American: GORO) reported a significant spike in COVID-19 cases at its Don David Gold Mine, with 77 confirmed cases among workers. In response, the company has enhanced its COVID-19 safety protocols and extended medical assistance to local communities. Currently, 30% (292 individuals) of the workforce is fully vaccinated, with an expected increase of 200 in the coming week. The company cautions that operations might be constrained until mid to late September due to these protocols, although it has not withdrawn its production guidance for 2021.

Gold Resource Corporation (GORO) announced significant geological developments at the Don David Gold Mine. The company confirmed the up-dip extension of the Switchback vein system, revealing additional mineralization 30 meters above current mine workings. Drilling results indicate potential for new mineral resources, with positive drill highlights including up to 4.45 g/t gold and 4,460 g/t silver in recent tests. The Sandy vein system also showed continuity, paving the way for future exploration and resource expansion.

Gold Resource Corporation (NYSE American: GORO) declared a quarterly dividend of $0.01 per common share, payable on September 30, 2021, to shareholders of record by September 15, 2021. The decision to transition to quarterly dividend payments was made by the Company’s directors, reflecting a commitment to governance. Notably, the dividend exchange program allowing cash dividends to be converted into minted gold and silver has been discontinued since July 1, 2021. Dividends may vary based on operational cash flows and market conditions.

Gold Resource Corporation (GORO) reported strong financial performance for Q2 2021, with revenues of $30.8 million and net income of $1.3 million. The company also increased its cash position to $30.5 million by June 30, 2021. The production totaled 9,685 gold equivalent ounces at a cash cost of $713 per ounce. Despite challenges with safety protocols and modest shortfalls in silver and base metal production, the firm remains focused on exploration and sustainable operations. An $11.2 million investment in infrastructure improvements is underway.

Gold Resource Corporation (GORO) reported preliminary production results for Q2 2021, achieving 9,685 gold equivalent ounces sold, including 5,697 gold ounces and 270,321 silver ounces. The production faced challenges due to ground conditions, leading to a change in mine sequencing. Despite these difficulties, the company remains confident in its annual production guidance and cost management. Sales statistics show substantial increases in gold and silver ounces compared to Q2 2020, highlighting ongoing operational growth.

Gold Resource Corporation (GORO) will release its Q2 2021 financial and operating results on July 27, 2021, after market close. The results will be filed with EDGAR, and a conference call is scheduled for July 28, 2021, at 11:00 AM Eastern Time. During the call, executives including President Allen Palmiere and CFO Kim Perry will present insights and conduct a Q&A session. Investors can join via a provided webcast link or through designated telephone numbers. For further information, visit the Company’s website.

Gold Resource Corporation (GORO) has appointed Alberto Reyes as the new Chief Operating Officer, strengthening its senior leadership team. With over 20 years of global mining experience, Reyes is expected to enhance operational performance and safety. Previously, he held senior roles at companies such as Newcrest Mining and Coeur Mining. The company's focus remains on unlocking the potential of its existing infrastructure in Oaxaca, Mexico.

Gold Resource Corporation (NYSE American: GORO) announced a shift from monthly to quarterly dividend payments. The first $0.01 quarterly dividend is scheduled for June 30, 2021, to shareholders on record as of June 15, 2021. This change aims to enhance corporate governance and may affect dividend amounts based on operational cash flows and market conditions. The company, which operates in Oaxaca, Mexico, seeks to maximize its resource potential under new leadership. For comprehensive risk factors, refer to the Company’s 10-K filing.

Gold Resource Corporation (GORO) reported its Q1 2021 financial results, producing 6,097 gold ounces and 307,610 silver ounces, totaling 10,750 gold equivalent ounces. The company achieved a net income of $2.5 million with earnings per share of $0.03 on revenues of $27.3 million. Cash costs were $408 per ounce, while all-in sustaining costs rose to $937 per ounce. The company plans to invest $5.0 million into exploration and maintains a cash balance of $27.2 million. A conference call is scheduled for April 29, 2021.