Gold Resource Corporation Reports Preliminary First Quarter Production of 6,463 Ounces of Gold and 434,100 Ounces of Silver; Maintains 2016 Annual Outlook
COLORADO SPRINGS, CO--(Marketwired - Apr 19, 2016) - Gold Resource Corp. (NYSE MKT: GORO) (the "Company") reports preliminary production results for the first quarter ended March 31, 2016 of approximately 6,463 ounces of gold, 434,100 ounces of silver and significant base metals during the first quarter. Gold Resource Corp. is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned $108 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.
Preliminary first quarter production at the Company's Arista mine totaled approximately 6,463 ounces of gold, 434,100 ounces of silver, 244 tonnes of copper, 838 tonnes of lead and 3,261 tonnes of zinc. The Company maintains its 2016 Outlook of 26,000 gold ounces and 1,900,000 silver ounces.
Full financial results for the first quarter will be available at the time the Company files its quarterly report on Form 10-Q with the Securities and Exchange Commission.
About GRC:
Gold Resource Corp. is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in six potential high-grade gold and silver properties at its producing Oaxaca, Mexico Mining Unit and exploration properties at its Nevada, USA, Mining Unit. The Company has 54,266,706 shares outstanding, no warrants, no long term debt and has returned $108 million back to shareholders since commercial production commenced July 1, 2010. Gold Resource Corp. offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.
Cautionary Statements:
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corp.'s strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corp. on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's 10-K filed with the SEC.
Contact
Contacts:
Corporate Development
Greg Patterson
303-320-7708
www.Goldresourcecorp.com
