Business
Gold Resource Announces Year-to-Date Production Results, Reaffirms 2023 Production Guidance
DENVER / Jul 13, 2023 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”) produced and sold a total of 10,795 ounces of gold and 5
About this update from Gold Resource Corporation
[{"type":"text","content":"DENVER / Jul 13, 2023 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”) produced and sold a total of 10,795 ounces of gold and 569,072 ounces of silver for a gold equivalent total of 17,690 ounces during the first half of the year. Additionally, during the six months, the Company sold 6,201 tonnes of zinc, 659 tonnes of copper, and 2,734 tonnes of lead. Year-to-date production is on track to achieve guidance of 30,000 to 31,000 gold equivalent ounces. Allen Palmiere, President and CEO said “The first half of 2023 has been very encouraging on the exploration front with a new zone of mineralization being discovered between our two mining areas. While early, the results more than justify our focus on exploration over the past two years as we look to increasing the mine life. Operations have been as expected with exchange rates and commodity prices increasing the challenges. We look forward to providing a comprehensive update on the Q2 Earnings Release call scheduled for July 27th at 10 a.m. Mountain Time.” Production Statistics Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 Tonnes Milled 113,511 128,884 230,232 264,685 Average Gold Grade (g/t) 1.59 2.63 1.97 2.82 Average Silver Grade (g/t) 86 64 90 73 Average Copper Grade (%) 0.37 0.32 0.37 0.37 Average Lead Grade (%) 1.64 1.99 1.69 1.98 Average Zinc Grade (%) 3.72 4.00 3.80 4.46 Metal produced and sold Gold (ozs.) 4,287 8,746 10,795 17,127 Silver (ozs.) 274,257 231,622 569,072 497,029 Copper (tones) 326 286 659 694 Lead (tonnes) 1,317 1,755 2,734 3,394 Zinc (tonnes) 3,141 3,590 6,201 7,949 Precious metal gold equivalent (AuEq) ounces sold Gold Ounces 4,287 8,746 10,795 17,127 Gold Equivalent Ounces from Silver 3,402 2,729 6,980 6,077 Total AuEq Ounces 7,689 11,475 17,775 23,204 Q2 2023 Conference Call The Company will host a conference call Thursday, July 27, 2023 at 10:00 a.m. Mountain Time. The conference call will be recorded and posted to the Company’s website later in the day following the conclusion of the call. Following prepared remarks, Allen Palmiere, President and Chief Executive Officer, Alberto Reyes, Chief Operating Officer and Kim Perry...