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27.06.25 - 01:21
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Gold Resource Corporation Closes US$6.28M Debt Facility (Business Wire)
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DENVER--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the “Company”), along with its wholly owned subsidiary, Don David Gold Mexico (“DDGM”), is pleased to announce the execution of a loan agreement with Francisco Javier Reyes de la Campa and Jaluca Limited in the amount of US$6.28 million, to be used for working capital.
“The funds from this loan will allow us to develop and begin production from the new Three Sisters area of our Don David Gold Mine,” said Allen Palmiere, the Company's President and CEO. “Additionally, we will be purchasing replacement mining equipment and funding upgrades in the mill. This loan and the proceeds of equity issuances earlier in the year provide us with the capital to execute on our plans to increase productivity and profitability.”
In connection with the loan agreement, the Company has also issued a common stock purchase warrant to an affiliate of Mr. Reyes de la Campa for the purchase of up to 1,500,000 shares of the Company's common ...
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19.06.25 - 01:06
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Gold Resource Corporation Adds to Board of Directors (Business Wire)
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DENVER--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the “Company”) is pleased to announce the appointment of Mr. Peter L. Gianulis to its Board of Directors. Mr. Gianulis has spent over 25 years as an advisor, investor, and/or insider in numerous natural resource companies, including successful exits in companies such as Hathor Exploration Limited, CGA Mining Limited, and Northern Orion Resources Inc., among others. He has served as CEO of Allegiant Gold Ltd. since 2019 and as the President of Carrelton Asset Management, Inc., a natural resource-focused private equity and hedge fund, from 2005 through the present. Since December 2018, he has served as a director and a member of the Audit Committee and the Compensation Committee of Organto Foods Inc. Mr. Gianulis was a director of Orea Mining Corp. from March 2009 to December 2023 and was a Partner of the Salomon Brothers Hedge Fund Group. Mr. Gianulis holds a bachelor's degree from the University of California, San Diego in Quan...
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13.05.25 - 01:15
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Gold Resource Corporation Reports Financial Results for the First Quarter of 2025 (Business Wire)
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DENVER--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the “Company”) is pleased to announce its first quarter operational results from its Don David Gold Mine (“DDGM”) near Oaxaca, Mexico.
“While production was lower in Q1 2025 than in prior quarters, we're now seeing strong early traction,” said Allen Palmiere, President and CEO. “We secured additional capital through ATM sales and received the anticipated tax refund, strengthening our balance sheet and placing us in a better position to move forward with the development of the Three Sisters system. As discussed on our year-end call, we're actively assessing equipment options and pursuing targeted purchases of high-quality rebuilt and/or overhauled equipment to accelerate development and reduce costs. We're also advancing contractor negotiations to fast-track access to new zones. These initiatives are part of a disciplined execution plan—and we're confident in our ability to deliver anticipated results.”
Don Davi...
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24.04.25 - 01:30
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Gold Resource Corporation Announces Management Changes (Business Wire)
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DENVER--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announces that Alberto Reyes, Chief Operating Officer, has left the company effective April 21, 2025, and effective immediately, Armando Alexandri has been added as its new Chief Operating Officer.
Allen Palmiere, President and Chief Executive Officer of the Company, said, “We would like to thank Alberto for his service, and we appreciate all his hard work and dedication that he has given to the Company and for his help in developing our team. We wish him the best in his future endeavors. We would also like to welcome Armando to the Company's senior management team. He brings more than 40 years of mining experience, with many of those years spent in Mexico. We believe that his experience, especially in Mexico, will help advance our strategic goal of unlocking the potential of the Don David Gold Mine, improving production, and continuing with our dedication to safety.”
Armando Alexandri, a mining enginee...
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08.04.25 - 23:51
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Gold Resource Corporation Reports Financial Results for 2024 Year End (Business Wire)
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DENVER--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the “Company”) is pleased to announce its year end operational results from its Don David Gold Mine (“DDGM”) near Oaxaca, Mexico.
“Although the 2024 mine plan was based on lower grade ore, our aging mining fleet resulted in less tonnes mined and reduced our ability to access or develop into higher-grade areas,” stated Allen Palmiere, President and CEO. “This, when combined with a rainy season that was longer and wetter than normal that in part reduced our plant capacity, meant that there was no alternative to offset the lower grades by processing more ore. We were, however, successful in conserving our cash to focus on the successful discovery and delineation of the new higher grade Three Sisters vein system, which is anticipated to extend our mine life and improve our potential margins. Three Sisters shows higher grade, with good widths and is closer to the surface, which is expected to result in lower mining costs.??...
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08.04.25 - 01:03
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Gold Resource Corporation Announces Year End 2024 Conference Call (Business Wire)
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DENVER--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the “Company”) announces that it will host a conference call on Wednesday, April 9, 2025, at 12:00 p.m. Eastern Time.
The conference call will be recorded and posted on the Company's website later in the day following the conclusion of the call. Following prepared remarks, Allen Palmiere, President and Chief Executive Officer, Alberto Reyes, Chief Operating Officer and Chet Holyoak, Chief Financial Officer will host a live question and answer (Q&A) session. There are two ways to join the conference call.
To join the conference via webcast, please click on the following link:
https://onlinexperiences.com/Launch/QReg/ShowUUID=46653B4F-3CCD-4008-8E67-E4023D03AE1B
To join the call via telephone, please use the following dial-in details:
Participant Toll Free: +1 (800) 717-1738
International: +1 (289) 514-5100
Conference ID: 07674
Please connect to the conference call at least 10 minutes prior to the start time using one of the conn...
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05.03.25 - 23:06
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Gold Resource Corporation Announces the Completion and Release of S-K 1300 Technical Report of the Don David Gold Mine (Business Wire)
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DENVER--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the “Company”) is pleased to announce the release of the S-K 1300 Technical Report Summary (the “Report”) for the Don David Gold Mine (“DDGM”) located in Oaxaca, Mexico.
The Report summarizes the successful 2024 drilling program which resulted in a replacement of 2024 mined reserves plus a 10% increase in tonnes in Mineral Reserves at December 31, 2024 compared to December 31, 2023. This increase is most significant in the recently discovered Three Sisters vein system, with an increase of over 800% in Mineral Reserves (526,152 t versus 57,890 t) and 180% increase in Mineral Resource (662,749 t versus 234,014 t). During 2024, 12,760 m were drilled in 87 holes from underground on the property (Figure 1).
Background:
As a registrant with the United States Securities and Exchange Commission (“SEC”), the Company must report its exploration results, Mineral Resources, and Mineral Reserves using the mining disclosure standa...
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21.01.25 - 23:48
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Gold Resource Corporation Closes $2.5 Million Registered Direct Offering (Business Wire)
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DENVER--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the “Company” or “GRC”) is pleased to announce that it has closed on the previously announced registered direct offering of 15,625,000 shares of the Company's common stock at a price of $0.16 per share, resulting in total gross proceeds of approximately $2.5 million.
GRC did not retain a placement agent in connection with the offering. The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes.
About GRC:
Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of an experienced board and senior leadership team, the Company's focus 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. For more information, p...
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16.01.25 - 13:30
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Mercado Minerals Announces Appointment of New Director (The Newswire)
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Vancouver, BC, January 16, 2025 – TheNewswire – Mercado Minerals Ltd. (CSE: MERC) ("Mercado" or the "Company") is pleased to announce the appointment of Barry Devlin to the Board of Directors with immediate effect and replacing Michael Dake who has resigned as a member of Mercado's board. The Board wishes to thank Micheal for his many valuable contributions to the Company during his time as a director and wishes him well in the future.
Mr. Barry Devlin brings decades of experience to Mercado, with over 45 years as an exploration geologist. He previously held senior positions at Fortitude Gold Corporation, Gold Resource Corporation, Endeavour Silver Corporation and Hecla Mining Company. He has participated in the discovery, acquisition and development of numerous mineral deposits including extensive experience in epithermal gold-silver (high and low sulphidation) systems and porphyry copper gold skarns. Mr. Devlin has worked in a variety of geologic environments i...
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07.01.25 - 09:06
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Gold Resource Corporation Announces $2.5 Million Registered Direct Offering (Business Wire)
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DENVER--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announces that it is pursuing a registered direct offering with certain investors for the purchase and sale of up to 15,625,000 shares of the Company's common stock at a price of $0.16 per share (the “Shares”), resulting in estimated total gross proceeds of approximately $2.5 million. The closing of the sale of the Shares is expected to take place within the next 10 days, subject to the satisfaction of customary closing conditions.
The Shares were offered and will be sold by the Company pursuant to a “shelf” registration statement on Form S-3 (File No. 333-271913), including an accompanying prospectus, declared effective by the Securities and Exchange Commission (the “SEC”) on June 9, 2023. The offering of the Shares was made only by means of a prospectus, including a prospectus supplement, that forms a part of the registration statement. A final prospectus supplement and accompanying prospectus...
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06.11.24 - 10:42
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Gold Resource Corp. veröffentlicht Daten für Q3 2024 (Rohstoff-Welt)
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Gold Resource Corp. veröffentlichte gestern operativen Ergebnisse sowie einige finanzielle Daten für das dritte Quartal 2024. Diese beziehen sich auf die Don-David-Goldmine des Unternehmens nahe Oaxaca, Mexiko. Aus den Daten geht hervor, dass Gold Resource in Q3 insgesamt 3.526 Unzen Goldäquivalent, bestehend aus 1.357 Unzen Gold und 181.434 Unzen Silber zu einem durchschnittlichen Preis von 2.561 Dollar je Unze Gold und 30,61 Dollar je Unze Silber produzierte und verkaufte. Gold Resource Corp. und dessen Tochtergesellschaften besaßen zum 30. September 2024 insgesamt 6,1 Millionen Dollar in Arbeitskapital und 1,4 Millionen Dollar in liquiden Mitteln. Der Nettoverlust für das Quartal belief sich auf 10,5 Millionen Dollar oder 0,11 Dollar je Aktie....
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