Welcome to our dedicated page for Gold Resource news (Ticker: GORO), a resource for investors and traders seeking the latest updates and insights on Gold Resource stock.
Gold Resource Corp (GORO) delivers timely updates on its gold and silver mining operations through this dedicated news hub. Investors and industry observers will find official press releases, financial reports, and operational developments from the company’s key projects in Mexico and the United States.
This resource consolidates critical information about production milestones, exploration progress, and strategic initiatives. Track updates from the Don David Gold Mine in Oaxaca and Michigan’s Back Forty project alongside corporate financial disclosures. All content is sourced directly from company communications to ensure accuracy.
Key updates include quarterly earnings announcements, resource estimates, and operational efficiency reports. The curated collection serves as both a historical record and real-time tracking tool for GORO’s performance in the precious metals sector.
Bookmark this page for streamlined access to verified information about Gold Resource Corp’s activities. Regularly updated content supports informed analysis of the company’s position within the competitive mining landscape.
Gold Resource (NYSE American: GORO) announced management changes with Alberto Reyes departing as Chief Operating Officer effective April 21, 2025. Armando Alexandri has been appointed as the new COO effective immediately.
Alexandri brings over 40 years of mining experience, primarily in Mexico, Peru, Chile, and Ecuador. His expertise includes designing, building, and operating both underground and open-pit mines and processing plants across various Mexican regions. Notable achievements include expanding operations at the Bolivar Mine, Impact Silver's operations, Nukay (Los Filos) operation, Tahuehueto project, and Campo Morado mine.
As former COO of Luca Mining , Alexandri successfully turned around the Tahuehueto project and Campo Morado mine to profitability. He also served as President of the American Institute of Mining Engineers (Mexico) from 1999 to 2000.
Gold Resource (NYSE American: GORO) reported challenging operational results for 2024 from its Don David Gold Mine in Mexico. The company produced 18,580 gold equivalent ounces, including 8,598 gold ounces and 817,333 silver ounces, sold at average prices of $2,354 and $28.75 per ounce respectively.
Key financial metrics show deteriorating conditions: cash balance decreased to $1.6 million (down $4.6 million YoY), working capital declined 86% to $2.1 million, and total all-in sustaining costs were $2,939 per gold equivalent ounce. Production challenges stemmed from aging equipment, reduced mine access, and extended rainy season impacts.
The company faces substantial going concern issues and requires approximately $15 million in additional funding - $7 million for equipment/mill upgrades and $8 million for working capital. Without successful financing and development of the new Three Sisters vein system, operations may not be sustainable beyond H1 2025.
Gold Resource (NYSE American: GORO) has scheduled its year-end 2024 conference call for Wednesday, April 9, 2025, at 12:00 p.m. Eastern Time. The event will feature prepared remarks followed by a live Q&A session hosted by key executives including President and CEO Allen Palmiere, COO Alberto Reyes, and CFO Chet Holyoak.
Participants can join the conference through two methods: via webcast using the provided link or by telephone. The dial-in numbers are: Toll Free: +1 (800) 717-1738 and International: +1 (289) 514-5100 with Conference ID: 07674. Attendees are advised to connect at least 10 minutes before the start time. The conference recording will be made available on the company's website following the call's conclusion.
Gold Resource (NYSE American: GORO) has announced positive results from its 2024 exploration drilling program at the Don David Gold Mine in Oaxaca, Mexico. The program revealed significant findings in the Three Sisters and Gloria vein systems, with 23 underground drill holes totaling 7,671 meters.
Key highlights include high-grade intersections with gold equivalent values up to 36.10 g/t and NSR values reaching $2,314/t. The Three Sisters area showed a remarkable 307% increase in mineral resources compared to 2023. The total Life of Mine (LOM) plan reflects a 10% increase in estimated Mineral Resources, with measured and indicated resources showing an 88% conversion rate.
The newly discovered vein systems are strategically located near the current mine portal at higher elevations, which is expected to reduce haulage and production costs. The 2024 year-end estimates show total resources of 3,160,000 tonnes with an 80% conversion rate in the LOM plan.
Gold Resource (NYSE American: GORO) has released its S-K 1300 Technical Report Summary for the Don David Gold Mine (DDGM) in Oaxaca, Mexico. The report highlights the successful 2024 drilling program achievements, including:
- A 10% increase in Mineral Reserves tonnes as of December 31, 2024 compared to the previous year
- Significant growth in the Three Sisters vein system, with an 800% increase in Mineral Reserves (526,152t vs 57,890t)
- 180% increase in Mineral Resource (662,749t vs 234,014t) in the Three Sisters vein system
- Completion of 12,760 meters of drilling across 87 underground holes
The report was prepared under S-K 1300 standards, implementing improved methodologies for geological interpretations, grade estimation, and ore control models.
Gold Resource (NYSE American: GORO) has successfully completed its previously announced registered direct offering, selling 15,625,000 shares of common stock at $0.16 per share, generating total gross proceeds of approximately $2.5 million. The company conducted the offering without a placement agent and plans to utilize the net proceeds for working capital and general corporate purposes.
Gold Resource (NYSE American: GORO) has announced a registered direct offering of up to 15,625,000 shares of common stock at $0.16 per share, aiming to raise approximately $2.5 million in gross proceeds. The offering is expected to close within 10 days, subject to customary closing conditions.
The shares will be offered and sold under a shelf registration statement on Form S-3 that was declared effective by the SEC on June 9, 2023. A final prospectus supplement and accompanying prospectus will be filed with the SEC and will be available on their website.
Gold Resource (NYSE American: GORO) reports improved production at the Don David Gold Mine (DDGM) during November compared to earlier Q4. The mine achieved slightly better than break-even cash flow due to enhanced production, high metal prices, and favorable USD/peso exchange rates. While cash balance remains concerning, DDGM operations could continue through Q1 2025 without immediate capital needs. However, additional funding is required for equipment, mill upgrades, and working capital for Three Sisters and Splay 31 development. The company has submitted a tax refund request for approximately $3.8 million, expected in 2025.
Gold Resource (NYSE American: GORO) reported Q3 2024 operational results from its Don David Gold Mine in Mexico. The company produced and sold 1,357 ounces of gold and 181,434 ounces of silver at average prices of $2,561 and $30.61 per ounce, respectively. Q3 performance was significantly impacted by equipment availability issues and mining faces. The company reported a net loss of $10.5 million ($0.11 per share) and ended the quarter with $6.1 million in working capital and $1.4 million in cash. Due to production challenges, the company warns operations may not be possible beyond November 2024 without additional capital of approximately $15 million for equipment upgrades and working capital.
Gold Resource (NYSE American: GORO) reported preliminary Q3 2024 results, with sales of 1,357 ounces of gold and 181,434 ounces of silver, totaling 3,526 gold equivalent ounces. The company faces significant operational challenges, including equipment availability issues and decreased production. Total tonnes milled declined to 83,690 in Q3 2024, with lower grades across all metals. The company requires approximately $15 million in additional capital ($7M for equipment/upgrades, $8M for working capital) to continue operations beyond November 2024, as current cash flow is insufficient to fund necessary improvements.
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