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Gold Resource Announces Preliminary Results of 8,042 Gold Equivalent Ounces Produced and Sold in Q3 2022
DENVER / Oct 12, 2022 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”) sold a total of 5,478 ounces of gold and 225,012 ounces
About this update from Gold Resource Corporation
[{"type":"text","content":"DENVER / Oct 12, 2022 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”) sold a total of 5,478 ounces of gold and 225,012 ounces of silver in Q3 2022 for a gold equivalent total of 8,042 ounces. Additionally, the Company sold 2,943 tonnes of zinc, 282 tonnes of copper, and 1,056 tonnes of lead contributing to a strong cash balance of over $22 million. Allen Palmiere, President and CEO said “Production at the Don David Gold Mine in Mexico remains on track to achieve guidance. The feasibility study continues to advance at the Back Forty Project in Michigan. In addition to the feasibility study work, we continue to focus on preparing State of Michigan permits and engaging with the community, including tribal leaders.” Sales Statistics Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 Metal sold Gold (ozs.) 5,478 5,809 22,605 16,525 Silver (ozs.) 225,012 255,394 722,041 778,776 Copper (tones) 282 269 976 1,015 Lead (tonnes) 1,056 1,550 4,450 3,940 Zinc (tonnes) 2,943 3,059 10,892 9,386 Average metal prices realized(1) Gold ($ per oz.) 1,627 1,762 1,823 1,790 Silver ($ per oz.) 19 23 22 26 Copper ($ per tonne) 7,115 9,092 9,015 9,466 Lead ($ per tonne) 1,882 2,397 2,166 2,231 Zinc ($ per tonne) 3,186 3,032 3,828 2,924 Precious metal gold equivalent ounces sold Gold Ounces 5,478 5,809 22,605 16,525 Gold Equivalent Ounces from Silver 2,564 3,361 8,575 11,151 Total AuEq Ounces 8,042 9,170 31,180 27,676 (1) Average metal prices realized vary from the market metal prices due to final settlement adjustments from our provisional invoices. Our average metal prices realized will therefore differ from the average market metal prices in most cases. Trending Production Statistics For the three months ended: Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Arista Mine ...