Proactive Investors - Run By Investors For Investors

Gold Resource Corp eyeing 27,000 ounces of gold for full year 2018

In the first quarter, the company had production of about 6,647 ounces of gold and 425,884 ounces of silver
Gold mine
The firm maintains its full-year production outlook of 27,000 gold ounces and 1,700,000 silver ounces

Gold Resource Corp. (NYSE:GORO) said its preliminary production results for the first quarter totaled about 6,647 ounces of gold, 425,884 ounces of silver and significant base metals.

The company also had prelminary production of 385 tonnes of copper, 1,615 tonnes of lead and 4,793 tonnes of zinc in the quarter, it said in a statement.   

READ THE BIG PIC - Gold Resource praises seventh consecutive year of profitability; updates mineral reserve at Oaxaca once again

Gold Resource, a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, has returned $110 million to shareholders in monthly dividends since commercial production began on July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

The firm maintains its full-year production outlook of 27,000 gold ounces and 1,700,000 silver ounces, plus or minus 10%. Full financial results for the first quarter will be available when Gold Resources files its quarterly report on Form 10-Q with the US Securities and Exchange Commission.  


View full GORO profile View Profile

Gold Resource Corporation Timeline

Related Articles

September 07 2018
Consolidation is ahead for junior miners due to the pressure on costs, says new CEO Tim Livesey
Copper in periodic table
October 23 2018
Bezant has a huge copper resource under licence in the Philippines
July 18 2018
Recent excitement at Mandalay has been focused on potential future output at its Australian mine

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use