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Gold Resource shares gain after Q3 output and maintained 2016 outlook

Monday, October 17, 2016 11:38
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Gold Resource Corporation (NYSEMKT:GORO) shares rose more than 3% on Monday after the company reported preliminary production results for the third quarter of approximately 6,066 ounces of gold, 431,335 ounces of silver and significant base metals.

The company also maintained its 2016 outlook of 26,000 gold ounces, 1,900,000 silver ounces, 1,100 tonnes of copper, 3,200 tonnes of lead and 12,900 tonnes of zinc.

Preliminary production figures for the three months ended Sept 30 at the company’s Aguila Project totaled approximately 213 tonnes of copper, 1,000 tonnes of lead and 3,232 tonnes of zinc in addition to the gold and silver haul.

Through the first three quarters of 2016, the Company’s preliminary production numbers total approximately 22,540 ounces of gold, 1,437,900 ounces of silver, 777 tonnes of copper, 2,847 tonnes of lead and 10,306 tonnes of zinc.

Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $108mln 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.

Gold Resource shares were up 3.4% at $5.41 on Monday.

Story by ProactiveInvestors


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