Business
Gold Resource Announces Preliminary Results of Over 10,000 Gold Equivalent Ounces Produced and Sold in Q1 2023
DENVER / Apr 12, 2023 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”) sold a total of 6,508 ounces of gold and 294,815 ounces
About this update from Gold Resource Corporation
[{"type":"text","content":"DENVER / Apr 12, 2023 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”) sold a total of 6,508 ounces of gold and 294,815 ounces of silver in Q1 2023 for a gold equivalent total of 10,055 ounces. Additionally, the Company sold 3,060 tonnes of zinc, 332 tonnes of copper, and 1,417 tonnes of lead. “Our 2023 annual production at the Don David Gold Mine is off to a good start. This achievement is due to mining higher average grades as a result of targeted infill drilling and mine sequencing,” stated Allen Palmiere, President and CEO. “Underground resource expansion drilling is progressing as planned. In addition, the mine is managed by a new leadership team that is already realizing improvements to maximize efficiencies and safety protocols. At the Back Forty Project in Michigan, feasibility study work related to metallurgical testing and refinement of capital cost estimates continues.” Sales Statistics Three months ended March 31, 2023 2022 Metal sold Gold (ozs.) 6,508 8,381 Silver (ozs.) 294,815 265,407 Copper (tones) 332 408 Lead (tonnes) 1,417 1,639 Zinc (tonnes) 3,060 4,359 Average metal prices realized(1) Gold ($ per oz.) 1,915 1,898 Silver ($ per oz.) 23 24 Copper ($ per tonne) 9,172 10,144 Lead ($ per tonne) 2,158 2,347 Zinc ($ per tonne) 3,195 3,842 Precious metal gold equivalent ounces sold Gold Ounces 6,508 8,381 Gold Equivalent Ounces from Silver 3,547 3,348 Total AuEq Ounces 10,055 11,729 (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: Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Arista Mine Tonnes Milled 135,398 135,801 128,884 110,682 116,616 116,721 Average Gold Grade (g/t) 1.93 3.00 2.63 1.98 2.51 2.33 Average Silver Grade (g/t) 82 81 64 80 109 94 Average Copper Grade (%) 0.38 0.41 0.32 0.37 0.45 0.37 Average Lead Grade (%) 2.17 1.97 1.99 1.59 1.58 1.73 Average Zinc Grade (%) 4.77 4.89 4.00 4.21 4.27 3.88 Combined Tonnes milled(1) 135,398 136,844 129,099 110,682 116,616 117,7...