Gold Resource Corp reports preliminary gold, silver and base metals output in 3Q of 2018

Gold Resource Corporation (NYSEMKT:GORO) filed a preliminary report on Tuesday that the company produced 6,411 ounces of gold, 321,590 ounces of silver and significant amounts of base metals for the third quarter which ended on September 30, 2018.

Preliminary third quarter base metal production totalled 434 tonnes of copper, 2,119 tonnes of lead and 4,970 tonnes of zinc, the company said in a statement.  

Through the first three quarters of 2018, the company’s preliminary production numbers totaled 18,864 ounces of gold, 1,341,429 ounces of silver, 1,206 tonnes of copper, 5,274 tonnes of lead and 14,236 tonnes of zinc. 

The company affirmed its 2018 Annual Outlook of producing 27,000 ounces of gold and 1.7 million ounces of silver, plus or minus 10% of those figures.

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The company has returned $111 million to its shareholders in monthly dividends since commercial production began on July 1, 2010. It offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery of the metal.

Full financial results for the third quarter will be available when the company files its quarterly report in its 10-Q form with the US Securities and Exchange Commission.

Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and the US state of Nevada. The company targets low capital expenditure projects with potential for generating high returns on capital.

The company is based in Colorado Springs, Colorado.

Reporting by Rene Pastor, contactable on [email protected]

Story by ProactiveInvestors