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Gold Resource Corp.
Summary
| Project: | Oaxaca Mining Unit | |
|---|---|---|
| Deposit: | Oaxaca Mining Unit | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 3/2/2020 | |
| Report Code: | (no Code) | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-3-2020: Gold Resource Corp. announces a Resource Estimation report for its Oaxaca Mining Unit deposit at the Oaxaca Mining Unit project. Updated Mineral Reserve Estimate for Oaxaca Mining Unit. COLORADO SPRINGS – March 2, 2020 – Gold Resource Corporatio | |
| Resources: | (Reserves, P+P): 2.8Mt @ 1.97g/t Au, 122g/t Ag | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | COLORADO SPRINGS – March 2, 2020 – Gold Resource Corporation (NYSE American: GORO) (the “Company”) updated its annual reserve estimates as of December 31, 2019, increasing its consolidated proven and probable gold reserve grade by 20.1% and consolidated proven and probable gold reserve ounces by 1.1%. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $113 million back to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery. As of December 31, 2019, proven and probable reserves at the Nevada Mining Unit’s Isabella Pearl Mine totaled 2,247,400 tonnes grading 3.05 grams per tonne (g/t) gold. Proven and probable reserve gold ounces included in the reserve report increased year-over-year by 2.5% to 220,100 ounces, an increase of 5,300 gold ounces, while gold grade increased 33.8% to 3.05 g/t. This addition maintains a more than four-year mine life estimate at the project. Company management is optimistic it can continue to expand mine life at the Isabella Pearl Project by discovering additional neighboring deposits at exploration targets such as Scarlet along the project’s 10-kilometer property trend. | |
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