Gold Resource Corporation (NYSE-A:GORO, ETR:GIH) told investors the miner had delivered "another" three months of over 10,000 gold-equivalent ounces from its Mexico operation in its second quarter.
For the three months to June 30 this year, the miner sold 11,475 ounces of gold-equivalent (Au-Eq) compared to 9,685 in the second quarter of 2021.
The figure for the latest quarter comprised of 8,746 ounces of gold and 231,622 ounces of silver.
In addition, the company sold 3,590 tonnes of zinc, 286 tonnes of copper, and 1,755 tonnes of lead from its flagship mine in Mexico, leading to a strong cash balance of over US$33 million.
READ: Gold Resource Corp reports robust financial results and strong balance sheet for 1Q 2022
"Production remains solid at the Don David Gold Mine in Mexico and the feasibility study continues to advance at the Back Forty Project in Michigan," Allen Palmiere, the CEO of GORO, told investors in a statement.
"While the volume of tonnes processed during the quarter dipped at DDGM, grades and recoveries helped ensure we delivered another quarter of over 10 thousand gold equivalent ounces," he added.
For gold, the miner received an average of US$1,874 per ounce in the quarter, and for silver, it received US$22.05 per ounce.
Gold Resource Corporation is a gold and silver producer, developer, and explorer focused on the Don David mine in Oaxaca, Mexico.
Under the direction of an experienced board and senior leadership team, the aim is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico and to develop the Back Forty project in Michigan, USA.
Contact the writer at giles@proactiveinvestors.com