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Gold Resource Corp.
Summary
| Project: | Oaxaca Mining Unit | |
|---|---|---|
| Deposit: | Oaxaca Mining Unit | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 3/8/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 8-3-2018: Gold Resource Corp. announces a Resource Estimation report for its Oaxaca Mining Unit deposit at the Oaxaca Mining Unit project. Updated mineral resources and reserves at Oaxaca Mining unit. COLORADO SPRINGS – March 8, 2018 – Gold Resource Corpo | |
| Resources: | (Reserve, P+P): 2.501Mt @ 1.77g/t Au, 136g/t Ag for 0.1424Moz Au, 10.9279Moz Ag contained | |
| CP/QP: | [Overall Report]: Not stated (Not stated) | |
| ABSTRACT: | COLORADO SPRINGS – March 8, 2018 – Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced as of December 31, 2017, it increased proven and probable reserve tonnes by 32%, extending its Oaxaca Mining Unit’s mine-life. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $110 million to shareholders in monthly dividends since commercial production commenced July 1, 2010 and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery. Proven and probable reserves at the Oaxaca Mining Unit totaled 2,501,100 tonnes grading 1.77 grams per tonne (g/t) gold and 136 g/t silver, equating to 142,400 gold ounces and 10,927,900 silver ounces. Proven and probable reserve tonnes included in the December 31, 2017 reserve report increased year-over-year by 32%, gold ounces decreased by 15% and silver ounces increased by 9%. The reserve report also includes significant base metals from the Arista Mine consisting of 7,263 tonnes (16.0 million pounds) of copper grading 0.3%, 33,894 tonnes (74.7 million pounds) of lead grading 1.4% and 111,366 tonnes (245.5 million pounds) of zinc grading 4.6%. Proven and probable tonnes of copper increased year-over-year by 31%, lead increased by 41%, while zinc tonnes increased by 67%. | |
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