Gold Resource Corporation is a mining company focused on production and pursuing development of select, high-grade gold and silver projects that feature low operation costs and produce high returns on capital. The Company has 100% interest in four high-grade gold and silver properties in Mexico's southern state of Oaxaca.
19/08/2011Bill Reid, President CEO & Director of Gold Resource Corp, talks about record revenue - paying record dividends of US$6.4 million - and putting an additional US$4.0 million in the bank - in the second quarter, and aiming to produce 200, 000 ounces gold equivalent at zero cost by 2013 (Aug 2011).
23/12/2010Gold Resources One2One Forum presentation - December 9th 2010
08/04/2009Bill Reid, CEO of Gold Resource Corporation, talks about having put six mines into production, taking the El Aguila gold mine into production, capital payback within one year, building a company with cash-flow, distributing a meaningful dividend, a pipeline of projects, and having Hochschild Mining as a strategic alliance partner.
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Gold Resource Corporation (GRC) is a gold producer targeting projects that feature low operating costs and high returns on capital. The Company's primary focus is on cash flow, with a priority to return a meaningful dividend back to the owners of the Company, its shareholders. The Company's "Oaxaca Mining Unit" consists of 100% interest in 5 potential high-grade gold and silver properties in the southern state of Oaxaca, Mexico.
GRC successfully declared commercial production July 1, 2010 from a shallow, high-grade open pit at its El Aguila project, which enabled the Company to reach production and cash flow in the shortest amount of time. In March of 2011, GRC announced production from its longevity of operations, its La Arista vein system. The Arista high-grade underground polymetallic deposit has an 8-year estimated mine life based on internal Company estimates of mineralized material. The Arista deposit remains open on both strike and at depth, and the Company targets the extensions of this deposit and is exploring for additional deposits to add to its mineralized material estimates.
All of Gold Resource Corporation's properties are located in the state of Oaxaca, Mexico, and have been selected based on their potential to meet the Company's objectives of low operating costs and potential for high returns-on-capital. GRC has 100% interest in all of its properties.
The Company's flagship project is the El Aguila Gold Project, the associated processing facilities would also handle any mineralization mined at the Company's nearby El Rey, Las Margaritas, and Solaga properties, resulting in enhanced production economics.
El Aguila Gold Project is a high-grade gold and silver property with significant base metal credits of copper, lead and zinc. Production of the El Aguila project is targeted for mid-2009. Three high-grade deposits have been discovered to date at the El Aguila Project. The high-grade "manto" style El Aguila open pit deposit, the El Aire high-grade polymetallic vein system (underground) and the La Arista high-grade polymetallic vein system (underground). Exploration is focused on expanding known deposits as well as defining additional mineralization from multiple targets within the El Aguila project.
El Rey Gold Property is a high-grade gold property. The property is GRC's second property to be drilled and a high-grade gold vein system has been discovered. GRC is evaluating mining and trucking ore from El Rey to the El Aguila mill, approximately 50 miles away.
Las Margaritas Silver Property is a high-grade silver property with important gold credits. The property is in the exploration phase.
Sologa Silver Property is a high-grade silver property. The property is in the exploration phase.
Alta Gracia Silver and Gold Property is a high-grade silver property with gold credits. The property is in the exploration phase.
William (Bill) Reid
CEO, Chairman of the Board
Vice President of Exploration
President & Director
Bill M. Conrad
Juan Manuel Flores
Country Manager, Mexico
Gold Resource Corporation's objective is to create shareholder value by establishing production and generating superior financial performance through the development of gold and silver projects that feature low operating costs and produce high returns on capital.
|Trading Symbols:||GORO NYSE AMEX|
|Shares Fully Diluted:||58,158,303|
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