Mexico Extends Non-Essential Business Suspension by 30 Days While Suggesting Sooner Start for Lesser Affected COVID-19 Zones
April 22 2020 - 4:30PM
via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American:
GORO) (the “Company”)
announced today that
Mexico extended its national health emergency for another 30 days
until May 30, 2020 to combat the spread of the COVID-19
virus. The extension order was published April 21, 2020 in
the Official Gazette of the Federation and extended the original
order set until April 30, 2020. This suspension order
continues the temporary closure of the Company’s Oaxaca Mining Unit
operations in Mexico. The Mexican government has signaled it
is evaluating zones with the least COVID-19 impact for potential
earlier start-up.
The COVID-19 impact map provided by the government shows Oaxaca
among the least impacted zones in Mexico. The Company is
finalizing its proposed start-up plan to submit to the Federal
Government requesting an earlier potential start-up date.
While the Company’s Oaxaca Mining Unit is prepared to remain closed
until the new extended May 30, 2020 date if needed, the plan to be
submitted includes a staged ramp-up focused on utilizing local
workforce first with a potential quarantine period for those that
would be returning to work from outside the local area. The
Company is also working closely with the local towns and citizens
prioritizing safety first.
The Company’s Nevada Mining Unit continues to
operate while taking numerous precautionary measures to keep its
employees and contractors safe. The Company is also donating
to local food banks and other social programs in the communities
around both mining units and in the cities where it has
offices. As this unprecedented situation continues to evolve
on often an hourly basis, we appreciate our shareholders’ support
as we navigate the impacts of the COVID-19 pandemic on the business
world.
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, the scope, duration, and impact of the COVID-19
pandemic on mining operations, Company employees, and supply chains
as well as the scope, duration and impact of government action
aimed at mitigating the pandemic may cause the actual results and
future events to differ materially from those expressed or implied
by such forward-looking information. Also, 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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