Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Gold Resource Corp eyeing 27,000 ounces of gold for full year 2018

In the first quarter, the company had production of about 6,647 ounces of gold and 425,884 ounces of silver
Gold mine
The firm maintains its full-year production outlook of 27,000 gold ounces and 1,700,000 silver ounces

Gold Resource Corp. (NYSE:GORO) said its preliminary production results for the first quarter totaled about 6,647 ounces of gold, 425,884 ounces of silver and significant base metals.

The company also had prelminary production of 385 tonnes of copper, 1,615 tonnes of lead and 4,793 tonnes of zinc in the quarter, it said in a statement.   

READ THE BIG PIC - Gold Resource praises seventh consecutive year of profitability; updates mineral reserve at Oaxaca once again

Gold Resource, a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, has returned $110 million to shareholders in monthly dividends since commercial production began on July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

The firm maintains its full-year production outlook of 27,000 gold ounces and 1,700,000 silver ounces, plus or minus 10%. Full financial results for the first quarter will be available when Gold Resources files its quarterly report on Form 10-Q with the US Securities and Exchange Commission.  


View full GORO profile View Profile

Gold Resource Corporation Timeline

Related Articles

A view of DRDGOLD's flagship Ergo asset in Johannesburg
April 30 2018
The South African miner’s appeal lies with the gold bull as bullion prices seen moving north
October 02 2018
Caledonia remains on track to produce between 55,000 and 59,000 ounces of gold this year
May 15 2018
Output is targeted to average around 225,000 ounces a year over an initial 10-year mine life

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use