Business
Gold Resource Corporation Produces 37,512 Gold Equivalent Ounces in 2021 and Ends Year With Strong Cash Position of $34.0 Million
DENVER / Jan 19, 2022 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”) sold a total of 22,644 ounces of gold and 1,066,581 ounc
About this update from Gold Resource Corporation
[{"type":"text","content":"DENVER / Jan 19, 2022 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”) sold a total of 22,644 ounces of gold and 1,066,581 ounces of silver in 2021 for a gold equivalent total of 37,512 ounces. Additionally, the Company sold 13,553 tonnes of zinc, 1,420 tonnes of copper and 5,999 tonnes of lead resulting in a year-end cash balance of $34.0 million. Fourth Quarter 2021 Production Highlights 9,848 gold equivalent ounces (\"Au eq oz\") sold, inclusive of 6,119 gold ounces (\"Au oz\") and 287,805 silver ounces (\"Ag oz\") sold 405 tonnes of payable copper 2,059 tonnes of payable lead 4,167 tonnes of payable zinc Allen Palmiere, President and CEO, said, “As I reflect on my first year at Gold Resource Corporation, I am pleased with the results of the Don David Gold Mine and the acquisition of Aquila Resources Corporation. Despite ground control challenges and the voluntary temporary shutdown due to COVID-19 in late August and early September, our Mexican operation still achieved the high end of guidance for gold production. Throughout the year, the team took a disciplined approach to identifying opportunities for improvements and implementing efficiencies. Our exploration investment has shown great promise and has given us excellent targets for our 2022 in-mine and near mine drill program. In addition, the completion of the filtration plant and dry stack facilities advances our environmental stewardship efforts. I am optimistic about 2022 as we continue to plan for our future in Oaxaca and advance the definitive feasibility study for the Back Forty Project in Michigan.” Sales Statistics Three months ended December 31, Full year ended December 31, 2021 2020 2021 2020 Metal sold Gold (ozs.) 6,119 6,314 22,644 17,467 Silver (ozs.) 287,805 255,945 1,066,581 1,118,032 Copper (tonnes) 405 398 1,420 1,488 Lead (tonnes) 2,059 1,755 5,999 6,582 Zinc (tonnes) 4,167 4,281 13,553 15,815 Average metal prices realized(1) Gold ($ per oz.) 1,811 1,867 1,796 1,803 Silver ($ per oz.) 23.51 24.18 25.06 21.03 Copper ($ per tonne) 9,768 7,360 9,553 6,330 Lead ($ per tonne) 2,339 1,870 2,268 1,803 Zinc ($ per tonne) 3,466 2,650 3,091 2,259 Precious metal gold...