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0 0.0457885811192764 -0.0327868852459016 0.0130016958733748 -0.0390050876201245 -0.0163934426229509 0.0113058224985868 0.0288298473713962
Stock impact report

Gold Resource Corporation Liquidity Update

Gold Resource Corporation (GORO) 
Company Research Source: Business Wire
DENVER--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the “Company”) announces an update to the operational and liquidity matters that were reported at the end of the third quarter.During the month of November, the Company has seen an improvement in production at the Don David Gold Mine (“DDGM”) as compared to earlier in the fourth quarter. Strategic mine planning succeeded in providing sufficient mining faces, and issues with the filter press and mill have been addressed for the time being. The improved production during the month, combined with high metal prices and the favorable US dollar to peso exchange rate, allowed the mine to operate at slightly better than break-even cash flow during the month. While the Company’s available cash balance remains a concern, based on recent performance at the mine, the Company currently expects that operations at DDGM could continue through at least the first quarter of 2025 without immediate capital infusions.The Company Show less Read more
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