Business
Gold Resource Announces Preliminary Fourth Quarter and Year-End Results
DENVER / Jan 30, 2024 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”) announces its preliminary fourth quarter results that in
About this update from Gold Resource Corporation
[{"type":"text","content":"DENVER / Jan 30, 2024 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”) announces its preliminary fourth quarter results that includes the sale of 3,757 ounces of gold and 258,252 ounces of silver resulting in total gold equivalent (AuEq) ounces of 6,768. Additionally, the company sold 2,182 tonnes of zinc, 327 tonnes of copper, and 820 tonnes of lead. During the year ending December 31, 2023, the company sold 31,085 AuEq ounces, 10,954 tonnes of zinc, 1,231 tonnes of copper, and 4,501 tonnes of lead. “Production during the quarter was lower than the last four quarters mainly due to lower average grades as was expected in our 2023 mine plan. We continue to identify and implement opportunities for cost reductions and operational efficiencies. Our 2023 drill program resulted in encouraging positive results that demonstrate the potential to increase our resources and reserves that could lead to future increased production1,” stated Allen Palmiere, President and CEO. “The last quarter has continued to present challenges beyond our control as the most metal prices have continued to be lower than planned and the Mexican peso has remained strong against the US Dollar. We did see an increase above plan in the gold price towards the end of the year which has helped to relieve some of the negative pressure from other metal prices.” Sales Statistics Three months ended December 31, Twelve months ended December 31, 2023 2022 2023 2022 Metal sold Gold (ozs.) 3,757 7,514 18,534 30,119 Silver (ozs.) 258,252 335,168 1,036,229 1,057,209 Copper (tones) 327 372 1,231 1,348 Lead (tonnes) 820 941 4,501 5,391 Zinc (tonnes) 2,182 3,265 10,954 14,157 Average metal prices realized(2) Gold ($ per oz.) 1,985 1,734 1,955 1,801 Silver ($ per oz.) 23.14 21.25 23.68 21.53 Copper ($ per tonne) 8,205 8,221 8,513 8,795 Lead ($ per tonne) 2,122 1,954 2,158 2,129 Zinc ($ per tonne) 2,516 2,577 2,621 3...