Business
Gold Resource Corporation Closes US$6.28M Debt Facility
DENVER, June 26, 2025--Gold Resource Corporation (NYSE American: GORO) (the "Company"), along with its wholly owned subsidiary, Don David Gold Mexico ("DDGM"), is pleased to announce the execution of a loan agreement with Francisco Javier Reyes de la Campa and Jaluca Limited in the amount of US$6.28 million, to be used for working capital.
About this update from Gold Resource Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":301,"url":"https://media.zenfs.com/en/business-wire.com/edf23d2a7584cd5b686c9233b725c5c8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/K82z4hrF3SJXgLwoLLGU1g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYwMjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/edf23d2a7584cd5b686c9233b725c5c8","width":480,"height":301}},"lazy":false},{"type":"text","content":"DENVER, June 26, 2025--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the "Company"), along with its wholly owned subsidiary, Don David Gold Mexico ("DDGM"), is pleased to announce the execution of a loan agreement with Francisco Javier Reyes de la Campa and Jaluca Limited in the amount of US$6.28 million, to be used for working capital.","length":378,"tagName":"p"},{"type":"text","content":""The funds from this loan will allow us to develop and begin production from the new Three Sisters area of our Don David Gold Mine," said Allen Palmiere, the Company’s President and CEO. "Additionally, we will be purchasing replacement mining equipment and funding upgrades in the mill. This loan and the proceeds of equity issuances earlier in the year provide us with the capital to execute on our plans to increase productivity and profitability."","length":470,"tagName":"p"},{"type":"text","content":"In connection with the loan agreement, the Company has also issued a common stock purchase warrant to an affiliate of Mr. Reyes de la Campa for the purchase of up to 1,500,000 shares of the Company’s common stock at an exercise price per share of $0.65. The warrant is exercisable immediately upon issuance and expires on June 26, 2027. The warrant provides for customary adjustments in the event of stock dividends, splits and the like, and includes terms relating to the occurrence of a fundamental transaction, such as a merger, reorganization or recapitalization.","length":567,"tagName":"p"},{"type":"text","content":"Key Facility Details","length":20,"tagName":"p"},{"type":"text","content":"The key terms of the facility include the following:","length":52,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Facility Amount – US$6,280,000","length":30,"tagName":"p","attribs"...