Gold Resource Corporation (NYSE-A:GORO, ETR:GIH) has reported its third-quarter sales numbers of gold and other metals and announced that its feasibility study is continuing to progress.
The company sold a total of 5,478 ounces of gold and 225,012 ounces of silver in the third quarter, for a gold equivalent total of 8,042 ounces. It also sold 2,943 tonnes of zinc, 282 tonnes of copper and 1,056 tonnes.
That all contributed to a cash balance of more than $22 million, the company said. A full breakdown of the metals sold and their prices can be found here.
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Additionally, CEO Allen Palmiere provided an update on the company’s operations.
“Production at the Don David gold mine in Mexico remains on track to achieve guidance,” Palmiere said in a statement.
“The feasibility study continues to advance at the Back Forty project in Michigan. In addition to the feasibility study work, we continue to focus on preparing state of Michigan permits and engaging with the community, including tribal leaders.”
Gold Resource is unlocking what it calls the “significant upside potential” of its existing infrastructure and large land position surrounding the Don David mine. It recently closed its acquisition of Aquila Resources Inc (TSX:AQA) to develop the Back Forty Project in Michigan.
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