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) 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.
Gold Resource (NYSE American: GORO) reported its Q2 2024 financial results for the Don David Gold Mine in Mexico. Key highlights include:
- Production of 2,724 oz gold and 234,560 oz silver
- Production of 1,771 tonnes zinc, 197 tonnes copper, and 491 tonnes lead
- Cash balance of $5.3 million and working capital of $14.3 million
- Net loss of $27.7 million or $0.30 per share
- Total gold equivalent ounces sold: 5,625
- Total sales: $20.8 million
The company faced production delays due to excessive rains and social issues related to Mexico's presidential election. Positive factors included a stronger US Dollar and higher metal prices. The drilling program progressed with positive results, potentially expanding resources and reserves.
Gold Resource (NYSE American: GORO) has announced a conference call scheduled for Wednesday, August 7, 2024, at 12:00 p.m. Eastern Time. The call will feature prepared remarks followed by a live Q&A session with key executives, including Allen Palmiere (President and CEO), Alberto Reyes (COO), and Chet Holyoak (CFO). Participants can join via webcast or telephone, with the call being recorded and later posted on the company's website. This event provides an opportunity for investors and analysts to gain insights into GORO's performance and future outlook directly from its leadership team.
Gold Resource reported its financial results for the first quarter of 2024, highlighting the production and sale of gold, silver, zinc, copper, and lead. The company also provided a corporate update on its activities, including operational challenges, exploration programs, and safety measures. Despite a net loss of $4.0 million for the quarter, the company maintained a cash balance of $5.7 million with no debt. The first quarter saw successful progress in the underground drilling program at the Don David Gold Mine, with positive results in identifying high-grade ore shoots. The company continues to focus on improving recoveries and cost efficiency amidst challenges such as lower base metal prices.
Gold Resource (NYSE American: GORO) has rescheduled the release of its first quarter 2024 financial results to allow for completion of audit procedures. The conference call will take place on May 3, 2024, with the preliminary results remaining unchanged. The company is a gold and silver producer, developer, and explorer focusing on the Don David Gold Mine in Mexico and the Back Forty Project in the USA.
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