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 Corporation (NYSE American: GORO) is a gold and silver producer, developer, and explorer with operations centered on the Don David Gold Mine in Oaxaca, Mexico and a growth project at Back Forty in Michigan, USA. The GORO news feed on this page aggregates the company’s own announcements and other coverage related to its mining activities, financial performance, and corporate developments.
Readers can find updates on operational performance at the Don David Gold Mine, including production statistics, grades, and metal sales expressed in gold equivalent ounces. Company releases discuss underground development and drilling in key vein systems such as Three Sisters, Gloria, Arista, and Switchback, along with changes in mining methods, equipment upgrades, and process plant optimization efforts.
The news stream also features quarterly financial results, liquidity discussions, and capital-raising activities, including registered direct offerings, At-The-Market equity sales, and loan agreements. Management commentary often addresses working capital, going concern considerations, and the company’s plans to improve cash flow by focusing on higher-grade zones and upgrading its mining fleet and mill.
In addition, this page captures disclosures on the Back Forty Project in Michigan, where Gold Resource Corporation is pursuing feasibility and permitting work, as well as governance items such as board appointments and management changes. Investors and researchers can use this news feed to follow how the company reports progress on its assets, responds to operational challenges, and outlines its strategic priorities over time.
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.
Gold Resource Corporation (NYSE American: GORO) reported 2021 sales of 22,644 ounces of gold and 1,066,581 ounces of silver, totaling 37,512 gold equivalent ounces. The company also sold metals including 13,553 tonnes of zinc, 1,420 tonnes of copper, and 5,999 tonnes of lead, resulting in a closing cash balance of $34.0 million. For Q4 2021, GORO achieved sales of 9,848 gold equivalent ounces despite challenges posed by COVID-19. The company has plans for further investments and projects, including the Back Forty Project in Michigan.
Gold Resource Corporation (NYSE American: GORO) has successfully completed its acquisition of Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) through a statutory plan of arrangement. The acquisition was approved on November 17, 2021, and entails the exchange of 0.0399 GRC shares for each Aquila share, totaling approximately C$30.9 million. Former Aquila shareholders will receive further information for share transfers, while Aquila is expected to be delisted from the TSX soon. This acquisition supports GRC's strategy to develop the Back Forty Project in Michigan.
Gold Resource Corporation (GORO) is participating in the H.C. Wainwright Mining Conference on November 30 and December 1, 2021. CEO Allen Palmiere will present an overview of the company and engage in one-on-one meetings with investors. The presentation will be accessible online starting on December 1, at 1:30 PM ET, with an archival period of 90 days. The company's strategic direction includes enhancing the Don David Gold Mine in Mexico and progressing the Back Forty Project in Michigan. Interested investors can register for the conference via provided links.
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