Gold Resource Corporation (NYSE-A:GORO, ETR:GIH) said it sold a total of 6,508 ounces of gold and 294,815 ounces of silver in the first quarter of 2023, reaching a gold equivalent total of 10,055 ounces.
The company also sold 3,060 tonnes of zinc, 332 tonnes of copper and 1,417 tonnes of lead during the period.
“Our 2023 annual production at the Don David Gold Mine is off to a good start. This achievement is due to mining higher average grades as a result of targeted infill drilling and mine sequencing,” Allen Palmiere, president and CEO, said in a statement.
READ: Gold Resource Corp says gold and silver production at key mine ended 2022 above guidance
“Underground resource expansion drilling is progressing as planned. In addition, the mine is managed by a new leadership team that is already realizing improvements to maximize efficiencies and safety protocols. At the Back Forty Project in Michigan, feasibility study work related to metallurgical testing and refinement of capital cost estimates continues,” he added.
At the Arista mine, a total of 116,721 tonnes were milled in the first quarter. The average gold grade was 2.33 grams/tonne (g/t) while the average silver grade was 94 g/t. The average copper grade was 0.37%, lead was 1.73% and zinc was 3.88%, the company said.
Conference Call
The company will host a conference call on Wednesday, April 26, 2023, at 10.00am Mountain Time. To join the conference via webcast, interested parties can use the following link: https://viavid.webcasts.com/starthere.jsp?ei=1609974&tp_key=2108468e9d.
To join the call via telephone, please use the following dial-in details:
- Participant Toll Free: +1 (888) 396-8049
- International: +1 (416) 764-8646
- Conference ID: 13462059
Gold Resource Corp is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico.
Contact the author at jon.hopkins@proactiveinvestors.com