Gold Resource Corporation Reports Preliminary First Quarter Production of 6,647 Gold Ounces and 425,884 Silver Ounces Maintai...
April 16 2018 - 4:15PM
Gold Resource Corporation (NYSE American: GORO) (the
“Company”)
reports preliminary production results for
the first quarter ended March 31, 2018 of approximately 6,647
ounces of gold, 425,884 ounces of silver and significant base
metals. Gold Resource Corporation is a gold and silver
producer, developer and explorer with operations in Oaxaca, Mexico
and Nevada, USA. The Company has returned $110 million to
shareholders in monthly dividends since commercial production
commenced July 1, 2010, and offers shareholders the option to
convert their cash dividends into physical gold and silver and take
delivery.
Preliminary first quarter production totaled
approximately 6,647 ounces of gold, 425,884 ounces of silver, 385
tonnes of copper, 1,615 tonnes of lead and 4,793 tonnes of
zinc.
The Company maintains its 2018 Annual 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 at the time the Company files its quarterly report on
Form 10-Q with the Securities and Exchange
Commission.
About GRC:
Gold Resource Corporation is a gold and silver
producer, developer and explorer with operations in Oaxaca, Mexico
and Nevada, USA. The Company targets low capital expenditure
projects with potential for generating high returns on
capital. The Company has 57,230,793 shares outstanding,
zero warrants and has returned $110 million back to shareholders
since commercial production commenced July 1, 2010. Gold
Resource Corporation offers shareholders the option to convert
their cash dividends into physical gold and silver and take
delivery. For more information, please visit GRC’s website,
located at www.goldresourcecorp.com and read the
Company’s 10-K for an understanding of the risk factors
involved.
Cautionary Statements:
This press release contains forward-looking
statements that involve risks and uncertainties. The statements
contained in this press release that are not purely historical are
forward-looking statements within the meaning of Section 27A of the
Securities Act and Section 21E of the Exchange Act. When used in
this press release, the words “plan”, “target”, "anticipate,"
"believe," "estimate," "intend" and "expect" and similar
expressions are intended to identify such forward-looking
statements. Such forward-looking statements include, without
limitation, the statements regarding Gold Resource Corporation’s
strategy, future plans for production, future expenses and costs,
future liquidity and capital resources, and estimates of
mineralized material. All forward-looking statements in this press
release are based upon information available to Gold Resource
Corporation on the date of this press release, and the company
assumes no obligation to update any such forward-looking
statements. Forward looking statements involve a number of risks
and uncertainties, and there can be no assurance that such
statements will prove to be accurate. The Company's actual results
could differ materially from those discussed in this press release.
In particular, there can be no assurance that production will
continue at any specific rate. Factors that could cause or
contribute to such differences include, but are not limited to,
those discussed in the Company’s 10-K filed with the SEC.
Contacts:
Corporate Development
Greg Patterson
303-320-7708
www.goldresourcecorp.com
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