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Gold Resource Corp.
Summary
| Project: | Oaxaca Mining Unit | |
|---|---|---|
| Deposit: | Arista Mine, Mirador Mine | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 2/26/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-2-2019: Gold Resource Corp. announces a Resource Estimation report for its Arista Mine, Mirador Mine deposit at the Oaxaca Mining Unit project. Mineral reserve update. COLORADO SPRINGS – February 26, 2019 – Gold Resource Corporation (NYSE American: GOR | |
| Resources: | (Reserve, P+P): 3.077Mt @ 1.82g/t Au, 127g/t Ag at Oaxaca total | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | COLORADO SPRINGS – February 26, 2019 – Gold Resource Corporation (NYSE American: GORO) (the “Company”) updated its annual reserve estimates as of December 31, 2018, increasing its proven and probable reserve tonnes at both its Oaxaca Mining Unit and Nevada Mining Unit by a combined total of 18% gold ounces and 14% silver ounces. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, U.S.A. The Company has returned $111 million to its shareholders in monthly dividends since commercial production commenced July 1, 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery. As of December 31, 2018, proven and probable reserves at the Oaxaca Mining Unit totaled 3,077,200 tonnes grading 1.82 grams per tonne (g/t) gold and 127 g/t silver, equating to 180,300 gold ounces and 12,591,300 silver ounces. Proven and probable reserve tonnes included in the December 31, 2018 reserve report increased year-over-year by 23%, gold ounces increased by 26.6% and silver ounces increased by 15.2%. The reserve report also includes significant base metals from the Arista Mine consisting of 11,796 tonnes (26.0 million pounds) of copper grading 0.4%, 44,234 tonnes (97.5 million pounds) of lead grading 1.5% and 132,701 tonnes (292.6 million pounds) of zinc grading 4.5%. Proven and probable tonnes of copper increased year-over-year by 62%, lead tonnes increased by 31%, while zinc tonnes increased by 19%. | |
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