Welcome to our dedicated page for Gold Resource Corporation news (Ticker: GORO), a resource for investors and traders seeking the latest updates and insights on Gold Resource Corporation stock.
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.
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Gold Resource Corporation (GORO) announces preliminary fourth quarter results, including the sale of 3,757 ounces of gold and 258,252 ounces of silver. The company sold 2,182 tonnes of zinc, 327 tonnes of copper, and 820 tonnes of lead. The president and CEO stated that production was lower due to lower average grades but the 2023 drill program showed positive results. The company faced challenges with lower metal prices and a strong Mexican peso against the US Dollar. The conference call will be held on March 14, 2024, to discuss the results.
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Gold Resource Corporation (NYSE American: GORO) announces exceptional results from step-out exploration drill hole 523136 at Don David Gold Mine. The hole intersects 17.3 meters grading 12.54 g/t Au/Eq, including 9.4 g/t Au and 263 g/t Ag, showcasing high-grade resources that are more easily accessible. The results will be incorporated into a 2023 year-end resource estimate update to be released in Q1 2024.
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Gold Resource Corporation (GORO) announces year-to-date operational results from its Don David Gold Mine in Mexico. They have produced and sold 14,777 ounces of gold, 777,977 ounces of silver, 8,772 tonnes of zinc, 904 tonnes of copper, and 3,681 tonnes of lead. The cash balance is $6.7 million with no debt and working capital of $13.8 million.
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Gold Resource Corporation (GORO) has announced the postponement of its third quarter 2023 financial results release to allow for completion of the audit procedures. The preliminary results remain unchanged. The conference call to discuss the results will be held on November 7, 2023. The call will be recorded and posted on the company's website. The call will include a live Q&A session with the President, COO, and CFO. Two options are available to join the call: webcast or telephone.
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Gold Resource Corporation announces results of Technical Report Summary for Back Forty Project in Michigan
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Gold Resource Corporation to host conference call on November 3, 2023
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Gold Resource Corporation announces preliminary third quarter results, including the sale of 3,982 ounces of gold and 208,905 ounces of silver. The company also sold 2,571 tonnes of zinc, 245 tonnes of copper, and 947 tonnes of lead. The average metal prices realized for gold, silver, copper, lead, and zinc are also provided. The company's CEO mentions challenges such as decreased metal prices and the strengthening of the Mexican peso against the US Dollar. However, they are encouraged by positive results from their drill program at the Don David Gold Mine.
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Gold Resource Corporation provides an update on its ongoing drill programs at the Don David Gold Mine, with positive results indicating potential easily accessed resources in three different areas of the underground mine. The company's exploration investment strategy aims to increase the mine life by converting resources into reserves for near- and mid-term mine plans.
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Gold Resource Corporation maintains its 2023 production guidance despite lower quarterly results. The company produced and sold 10,795 ounces of gold and 569,072 ounces of silver in the first half of the year. They also had a cash balance of $18 million with no debt. The company continues to identify cost reductions and operational efficiencies.
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FAQ
What is the current stock price of Gold Resource Corporation (GORO)?
The current stock price of Gold Resource Corporation (GORO) is $0.272 as of January 9, 2025.
What is the market cap of Gold Resource Corporation (GORO)?
The market cap of Gold Resource Corporation (GORO) is approximately 25.9M.
What does Gold Resource Corporation (GORO) do?
Gold Resource Corporation specializes in the production, development, and exploration of gold and silver, with operations in Oaxaca, Mexico, and Nevada, USA.
Where is Gold Resource Corporation headquartered?
Gold Resource Corporation is headquartered in Colorado Springs, Colorado, USA.
What are the key projects of Gold Resource Corporation?
The key projects of Gold Resource Corporation include the Don David Gold project in Oaxaca, Mexico, and the Back Forty project in Michigan, USA.
What is the focus of Gold Resource Corporation's projects?
Gold Resource Corporation targets low capital expenditure projects with the potential for high returns on capital.
How does Gold Resource Corporation ensure sustainability?
Gold Resource Corporation focuses on operational efficiency and sustainable practices to minimize environmental impact while maximizing output.
What is Gold Resource Corporation's strategic approach?
Gold Resource Corporation balances strategic expansion with a commitment to delivering shareholder value and transparent business practices.
How can I stay updated with Gold Resource Corporation's news?
You can stay updated with the latest news and developments of Gold Resource Corporation by following their official releases and stock market updates.
What is the significance of the Don David Gold project?
The Don David Gold project in Oaxaca, Mexico, is a flagship operation for Gold Resource Corporation, highlighting their commitment to resource extraction and economic growth.
What is the Back Forty project?
The Back Forty project is a key exploration initiative by Gold Resource Corporation located in Michigan, USA.
What are the financial health and partnerships of Gold Resource Corporation like?
Gold Resource Corporation is known for its robust financial health, strategic partnerships, and a strong portfolio of valuable assets.
Gold Resource Corporation
NYSE:GORO
GORO Rankings
GORO Stock Data
25.93M
93.54M
2%
15.98%
0.3%
Gold
Gold and Silver Ores
United States of America
DENVER