Gold Resource Corporation Liquidity Update [Yahoo! Finance]
Gold Resource Corporation (GORO)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: Yahoo! Finance
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 still requires additional funding for mining equipment, mill upgrades and working capital to develop the Three Sisters and Splay 31 areas that will be the basis for future production at DDGM. Without
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GORO
News
- Gold Resource Co. (NYSE: GORO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Gold Resource Co. (NYSE: GORO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Probe Gold Provides 2024 Recap and 2025 Outlook [Yahoo! Finance]Yahoo! Finance
- Gold Resource Co. (NYSE: GORO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Gold Resource Co. (NYSE: GORO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
GORO
Sec Filings
- 1/3/25 - Form 4
- 1/3/25 - Form 4
- 12/3/24 - Form 8-K
- GORO's page on the SEC website