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Gold Resource Corporation

Gold Resource CEO confident the Isabella Pearl project in Nevada will more than double its gold production

Gold Resource Corp (NYSE American: GORO) CEO Jason Reid tells Proactive Investors the gold mining company expects to increase gold production by more than 100% after securing final permits for its Isabella Pearl open pit heap leach gold project in Mineral County, Nevada.

Reid says close to 200,000 gold ounces are proven and probable at Isabella Pearl, targeting to recover 153,000 ounces after mining dilution, putting the company on a trajectory to target 40,000 ounces on average per year. Reid adds there is upside potential to expand the deposit and find nearby deposits to targets.

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Price: $3.72

Market: NYSEMKT
Market Cap: $243.98 m
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Gold Resource has hit ground running at Isabella Pearl, says CEO Reid

Gold Resource Corporation (NYSEMKT:GORO) may have its new Isabella Pearl acquisition on-stream as early as 2018, chief executive Jason Reid told Proactive. The project in Nevada is in the advanced stages of permitting, has a high grade of 2 grams per tonne and offers a low cost, low capex...

on 6/9/16

2 min read