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Gold Resource Corp repeats annual production guidance for Mexico operations

For its Oaxaca mining unit, the group is forecasting 27,000 gold ounces and 1.7 million silver ounces, plus or minus 10%
A gold pour
For the three months to end March, GORO said it produced approximately 6,538 ounces of gold

Gold Resource Corporation (NYSEAMERICAN:GORO) has repeated its annual production guidance for its Mexico operations as it posted first-quarter output numbers.

For its Oaxaca unit, the group is forecasting 27,000 gold ounces and 1.7 million silver ounces, plus or minus 10%.

READ: Gold Resource eyes Isabella Pearl open pit expansion, new pit discovery at Scarlet and Civit Cat North West targets

GORO also has a Nevada mining business and here it is advancing the Isabella Pearl mine into production, with first gold expected in the second quarter of 2019.

For the three months to end March, GORO said it produced approximately 6,538 ounces of gold, 364,653 ounces of silver and 'significant' base metals.

The metals producer has returned $111 million to its shareholders in consecutive monthly dividends since July 2010.

It also offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

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