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Gold Resource Announces Preliminary Results of Over 30,000 Gold Ounces Produced and Sold, Exceeding Production Guidance For 2022
DENVER / Jan 17, 2023 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”) sold a total of 30,119 ounces of gold and 1,057,209 ounc
About this update from Gold Resource Corporation
[{"type":"text","content":"DENVER / Jan 17, 2023 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”) sold a total of 30,119 ounces of gold and 1,057,209 ounces of silver in 2022 for a gold equivalent total of 42,757 gold equivalent ounces. Additionally, during the year the Company sold 14,157 tonnes of zinc, 1,348 tonnes of copper, and 5,391 tonnes of lead contributing to a strong cash balance of over $23 million. Allen Palmiere, President and CEO said “Despite global challenges faced this year, such as inflation, and localized challenges such as ground support and ventilation, gold and silver production at the Don David Gold Mine in Mexico still ended the year above guidance. While our grade profile is expected to decline in 2023, we continue to identify and implement improvement opportunities, including collaborating with local communities to ensure sustainability. Work continues with the feasibility study to advance the Back Forty Project in Michigan and once completed, preparation of State of Michigan permits will follow. In addition to the feasibility study work, we continue to focus on engaging with the local community.” Sales Statistics Three months ended December 31, Twelve months ended December 31, 2022 2021 2022 2021 Metal sold Gold (ozs.) 7,514 6,119 30,119 22,644 Silver (ozs.) 335,168 287,805 1,057,209 1,066,581 Copper (tones) 372 405 1,348 1,420 Lead (tonnes) 941 2,059 5,391 5,999 Zinc (tonnes) 3,265 4,167 14,157 13,553 Average metal prices realized(1) Gold ($ per oz.) 1,734 1,811 1,801 1,796 Silver ($ per oz.) 21.25 23.51 21.53 25.06 Copper ($ per tonne) 8,221 9,768 8,795 9,553 Lead ($ per tonne) 1,954 2,339 2,129 2,268 Zinc ($ per tonne) 2,577 3,466 3,539 3,091 Precious metal gold equivalent ounces sold Gold Ounces 7,514 6,119 30,119 22,644 Gold Equivalent Ounces from Silver 4,107 3,736 12,638 14,882 Total AuEq Ounces 11,621 9,855 42,757 37,526 (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 Statistic...