Gold Resource Corporation (NYSE American: GORO) is a gold and silver producer targeting projects that feature low operating costs and high returns on capital. The Company's primary focus is on cash flow, with a priority to return meaningful dividends back to the owners of the Company, its shareholders. The Company has two (2) mining units located in mining friendly jurisdictions of North America. The "Oaxaca Mining Unit" consists of 100% interest in six (6) potential high-grade gold and silver properties in the southern state of Oaxaca, Mexico. The "Nevada Mining Unit" consists of 100% interest in four (4) potential high-grade gold properties in the Walker Lane Mineral Belt in western Nevada, U.S.A.
GORO successfully declared commercial production from its Oaxaca Mining Unit July 1, 2010 from a shallow, high-grade open pit at its Aguila project, which enabled the Company to reach production and cash flow in the shortest amount of time with one of the tightest capital structures for a producer. In March of 2011, GORO announced production from its polymetallic Arista mine. The Arista deposit is comprised of the Arista and Switchback vein systems, both contain high-grade gold and silver as well as the base metals of copper, lead and zinc. In 2017, GORO began mining operations from the Mirador Mine located on the Alta Gracia property. Mirador is the second operating mine with the Company's Oaxaca Mining Unit. The Company targets the extensions of these deposit and is exploring for additional deposits at its Oaxaca Mining Unit to add to its production profile.
The Company's Nevada Mining Unit consists of four (4) potential high-grade gold properties located in Nevada's Walker Lane Mineral Belt. The Isabella Pearl Project is the Company's flagship property, which is currently under construction and estimated to enter commercial production in June 2019. Gold Resource Corporation's Nevada Mining Unit now controls approximately 25,000 acres of development and exploration lands in south central Nevada's Walker Lane Mineral Belt.
The Company has distributed consecutive monthly dividends since commercial production totaling over $111 million as of October 2018. The Company's dividend target is to return as much back to shareholders as soon as possible, while balancing the needs of the operations and paying taxes. The Company has remained profitable for seven (7) consecutive years, four (4) of which were during bear markets in the precious metal space.
Mexico and Nevada U.S.A. are among the leading venues for mineral potential each with an extensive history of mining. Gold Resource Corporation is positioning to add to its current production profile from its Mexican operations by rapidly advancing its Nevada Mining Unit's potential for open pit heap leach operations.
Oaxaca Mining Unit
Gold Resource Corporation (GRC) has consolidated 100% interest in six properties in the southern state of Oaxaca, Mexico. The Company's Oaxaca Mining Unit properties were selected based on their potential to meet the Company's objectives of low operating costs and potential for high returns-on-capital. GRC currently controls over 684 square kilometers, including 55 kilometers of a geologically important structural fault corridor running North 70 West.
The Company's flagship operation is the Aguila Project, where the Arista underground polymetallic deposit is currently in production. The Arista deposit produces gold and silver, as well as the base metals copper, lead and zinc. GRC's second operating mine is the Mirador Mine on the Alta Gracia Project. The Company's additional four exploration properties are all within trucking distance of the Aguila Project's processing facilities. GRC's objective is to ultimately have multiple properties feeding ore to the strategically located mill, which aims to potentially reduce the capital required to put any future deposit discoveries into production.
Nevada Mining Unit
Gold Resource Corporation's Nevada Mining Unit now controls over 10,100 hectares (25,000 acres) of development and exploration lands in Nevada's south central Walker Lane Mineral Belt. The Isabella Pearl Project is currently in construction, with first gold production expected by June 2019. The remaining three properties are in various stages of exploration. All four Nevada properties have potential for high-grade open pit heap leach operations.
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US & Mexico
CEO, President & Director
Chief Operating Officer
Chief Financial Officer
Vice President of Exploration
Vice President Corporate Development
Vice President Legal Affairs, General Counsel and Corporate Secretary
Bill M. Conrad
Chairman of the Board
Toll Free (800) 962-4284
Toll +1 (781) 575-3120