GORO Gold Resource Corp featured news, full reports, and detailed charts
Gold Resource Corp (GORO/GORO.OB) Wrap Up:
Gold Resource Corporation, an exploration stage company, engages in the acquisition and exploration of gold and silver mining properties, as well as other metals primarily in Mexico. The company holds 100% interests in the El Aguila, the Las Margaritas, the El Rey, and the Solaga properties in the southern State of Oaxaca in Mexico. Gold Resource Corporation was founded in 1998 and is based in Denver, Colorado.Gold Resource Corp (GORO:OTC Bulletin Board Market)
Snapshot of Gold Resource Corp (GORO)
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OPEN
$9.38
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PREVIOUS CLOSE
$9.60
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DAY HIGH
$9.61
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DAY LOW
$9.20
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52 WEEK HIGH
11/18/09 - $9.75
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52 WEEK LOW
11/21/08 - $2.11
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MARKET CAP
428.7M
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AVERAGE VOLUME 3 mo
175.5K
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DILUTED EPS TTM
$-0.99
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SHARES OUTSTANDING
46.1M
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GORO Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
GORO Top Compensated Officers
Executives, Board Directors
Key developments for Gold Resource Corp (GORO)
Gold Resource Corp. reported intercepting 3.28 meters of 2,203 grams (70 ounces) silver per tonne and 2.07 grams gold per tonne in its La Arista polymetallic vein system. GRC also reports intercepting a high-grade mineralized area while mining its El Aguila open pit that has yielded the highest values encountered to date at the property, 2.5 meters of 904 grams (29 ounces) gold per tonne and 9,720 grams (312 ounces) silver per tonne. This rock chip sample was taken over 2.5 meters for grade control purposes but for an area that was previously outside the mineralized open pit model. This area of silicified breccia may correlate with a possible feeder vein for this deposit. Stockpiling of the Aguila open pit ore continues in preparation for the commencement of production at GRC's El Aguila Project in the southern state of Oaxaca, Mexico. The Aguila mill is in the final phase of construction and is targeting gold production in 2009 subject to equipment delivery and construction schedules.
Gold Resource Corp. announced that its large grinding ball mill has arrived on site and open pit mining and stockpiling of ore have begun in preparation for operations at its El Aguila Project in the southern state of Oaxaca, Mexico. The company targets production at its El Aguila Project in 2009, subject to remaining equipment delivery and construction schedules. The El Aguila Project's largest ball mill arrived on August 16, 2009. Lyntek Incorporated, the project's engineering, procurement and construction manager (EPCM), has their grinding mill expert on site for the installation. The company's second, smaller ball mill, which was fabricated in Peru, has arrived in Mexico and will be shipped to the site shortly. The company is in the final phase of mill construction with the mechanical/electrical contract underway. Most of the equipment has arrived on site and is being installed. The company is pushing for production as soon as possible in 2009. Having now received the Federal open pit permit, mining of the ore has begun and is being stockpiled at the mill in preparation for operations. The company targets stockpiling as much gold ore as possible prior to mill start-up.
Gold Resource Corp. reported continued high-grade gold and silver mineralization from step-out drilling including 0.75 meters of 31.7 g/t (1.02 ounce/tonne) gold and 2920 g/t (93.88 ounce/tonne) silver. This intercept expands the La Arista deposit vein system as it remains open in both strike and depth. La Arista is one of GRC's three high-grade deposits discovered to date at its El Aguila project in the state of Oaxaca, Mexico. GRC targets production at its El Aguila Project in 2009, subject to obtaining the remaining permits, regulatory approvals, equipment deliveries and construction schedules. The Arista deposit vein system appears to be a series of parallel, en echelon veins, including the Arista vein, the Baja vein and additional parallel veins. This high-grade system now extends over 585 meters of strike length and 400 meters of vertical extent. Hole #109003 expands the La Arista vein system approximately 85 meters to the south east from the previously drilled high-grade intercepts in Hole #108042 and Hole#109001.
GORO Competitors
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Industry Analysis
| Valuation | GORO | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 64.1x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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GORO |
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GORO transactions
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Private Placement
June 30, 2009 |
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More Recent News About Gold Resource Corp
More news for GORO
GOLD RESOURCE CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operation This discussion updates our business plan for the balance of 2009. It also analyzes our financial condition at September 30, 2009 and compares it to our financial condition at December 31, 2008. Finally, this discussion summarizes the results of our operations for the three month and nine month periods ended September 30, 2009 and compares those results to the corresponding periods ended September 30, 2008. This discussion and analysis should be read in conjunction with our audited financial statements for the years ended December 31, 2008 and 2007, including footnotes, and the management's discussion and analysis included in our Form 10-K for the year ended December 31, 2008. Overview We are a company engaged in the exploration of gold and silver properties in Mexico, with a goal of production in the near future. We have never received revenue from operations and have relied on equity financing to fund our operations to date. Our most recent financings were part of a strategic alliance with Hochschild Mining Holdings Limited ("Hochschild"), pursuant to which Hochschild exercised its first right of refusal to provide additional equity financing and we entered into a subscription agreement with Hochschild to sell an additional 5,000,000 shares for gross proceeds of $20,000,000. We will use the funds primarily to fund construction at the El Aguila Project and have agreed to reserve $4,000,000 of the proceeds exclusively for exploration activities, including driving a decline ramp to the La Arista vein, as discussed below. The reserved proceeds were placed in a separate account which requires our signature and Hochschild's signature for withdrawal. During the first nine months of 2009, we continued efforts to construct our mine and mill and complete other activities necessary to place our El Aguila Project into production. We expect to commission those faci...Click here to read the whole Article (external link)
Gold Resource Corporation Intercepts 3.28m of 2203g/t Silver at La Arista Vein
DENVER, CO--(Marketwire - 09/29/09) - Gold Resource Corporation (GRC) (OTC.BB:GORO - News) (Frankfurt:GIH - News) reports intercepting 3.28 meters of 2203 grams (70 ounces) silver per tonne and 2.07 grams gold per tonne in its La Arista polymetallic vein system. GRC also reports intercepting a high-grade mineralized area while mining its El Aguila open pit that has yielded the highest values encountered to date at the property, 2.5 meters of 904 grams (29 ounces) gold per tonne and 9720 grams (312 ounces) silver per tonne. This rock chip sample was taken over 2.5 meters for grade control purposes but for an area that was previously outside the mineralized open pit model. This area of silicified breccia may correlate with a possible feeder vein for this deposit. Stockpiling of the Aguila open pit ore continues in preparation for the commencement of production at GRC's El Aguila Project in the southern state of Oaxaca, Mexico. The Aguila mill is in the final phase of construction and is targeting gold production in 2009 subject to equipment delivery and construction schedules. Continued exploration drilling at GRC's La Arista polymetallic vein system returned high-grade with infill and stepout holes.La ...Click here to read the whole Article (external link)
Gold Resource Corporation -- Update Letter to Shareholders
DENVER, CO--(Marketwire - 09/14/09) - Gold Resource Corporation (GRC) (OTC.BB:GORO - News) (Frankfurt:GIH - News) updates shareholders on its 3rd anniversary as a public company. GRC targets production at its El Aguila Project, in the southern state of Oaxaca, Mexico, in 2009. September 14th marks the 3rd anniversary of Gold Resource Corporation as a public company and a look back at its accomplishments is in order. Our IPO was completed at $1.00 per share so we are pleased to see the stock trading currently around $7.00 per share. We believe this creation of shareholder value is just the beginning and reflects our specific approach to the mining business and Gold Resource Corporation's focus on executing its business plan.We have not wavered from our core values underlying our strategy to maximize shareholder value:� -- Decisions based on financial performance -- Projects must have a capital payback of 1 year or less -- Production at the earliest possible date -- Build the company with cash flow -- Limit shareholder dilution -- Distribute a meaningful dividend if possible We are pleased with the team of professionals we have and are assembling. Their competence, excit...Click here to read the whole Article (external link)
GOLD RESOURCE CORP Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
Gold Resource Corporation Sets Large Grinding Ball Mill
DENVER, CO--(Marketwire - 08/28/09) - Gold Resource Corporation (GRC) (OTC.BB:GORO - News) (Frankfurt:GIH - News) reports setting the large grinding ball mill on its foundation at GRC's Aguila Project as the final phase of mill construction continues. The Aguila mill is located in the southern state of Oaxaca, Mexico and is targeting gold production in 2009 subject to equipment delivery and construction schedules. Gold Resource Corporation's President, Mr. William Reid, stated, "This truly is a milestone as this is the largest piece of equipment to be installed. We are very pleased with the excellent work to date by our engineering and construction management firm Lyntek, Inc. of Denver and in Mexico, Covasa, Inc. who is completing the final mill contract for mechanical and electrical installation."About GRC:Gold Resource Corporation 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 four potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 46,095,489 shares outstanding and no warrants. For more inform...Click here to read the whole Article (external link)
Gold Resource Corporation Extends Its Land Position With Additional Claims Along Trend
DENVER, CO--(Marketwire - 08/24/09) - Gold Resource Corporation (GRC) (OTC.BB:GORO - News) (Frankfurt:GIH - News) reports filing additional land concessions over the Alta Gracia mining district extending its important San Jose structural corridor to an impressive 16+ kilometers. GRC's primary focus will continue on its flagship El Aguila Project however these new land claims will add a fifth property to the company's holdings and position GRC with a 100% interest of three consecutive mining districts in the San Jose area. The addition of Alta Gracia will add to the company's pipeline of potential projects and long term operations at GRC's El Aguila mill currently under construction. The Aguila mill is located in the southern state of Oaxaca, Mexico and is targeting gold production in 2009 subject to equipment delivery and construction schedules. Mr. William W. Reid, President of Gold Resource Corporation, stated, "The opportunity to add an additional property to the Company's land holdings is very exciting on many levels. The Alta Gracia property is adjacent to our Las Margaritas property, extends our total mineralized corridor to over 16 kilometers and adds additional production potential to our El Aguila mil...Click here to read the whole Article (external link)
GOLD RESOURCE CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operation This discussion updates our business plan for the balance of 2009. It also analyzes our financial condition at June 30, 2009 and compares it to our financial condition at December 31, 2008. Finally, this discussion summarizes the results of our operations for the three and six month periods ended June 30, 2009 and compares those results to the corresponding periods ended June 30, 2008. This discussion and analysis should be read in conjunction with our audited financial statements for the years ended December 31, 2008 and 2007, including footnotes, and the discussion and analysis included in our Form 10-K for the year ended December 31, 2008. Overview We are a company engaged in the exploration of gold and silver properties in Mexico, with a goal of production in the near future. We have never received revenue from operations and have relied on equity financing to fund our operations to date. Our most recent financings were part of a strategic alliance with Hochschild Mining Holdings Limited ("Hochschild"), pursuant to which Hochschild exercised its first right of refusal to provide additional equity financing and we entered into a subscription agreement with Hochschild to sell an additional 5,000,000 shares for gross proceeds of $20,000,000. We will use the funds primarily to fund construction at the El Aguila Project and have agreed to reserve $4,000,000 of the proceeds exclusively for exploration activities. The reserved proceeds were placed in a separate account which requires our signature and Hochschilds' signature for withdrawal. During the first six months of 2009, we continued efforts to construct our mine and mill and complete other activities necessary to place our El Aguila Project into production. We expect to commission those facilities during 2009 and generate revenue from the sale of precious metals. We continue to refine our capital ...Click here to read the whole Article (external link)
Gold Resource Corporation Obtains Federal Open Pit Permit to Mine at Its El Aguila Project
DENVER, CO--(Marketwire - 08/13/09) - Gold Resource Corporation (GRC) (OTC.BB:GORO - News) (Frankfurt:GIH - News) is pleased to report that it has been granted and is in possession of the Mexican Federal permit to mine the Aguila Project's open pit deposit in the southern state of Oaxaca, Mexico. GRC targets production at its El Aguila Project in 2009, subject to equipment delivery and construction schedules. About GRC:Gold Resource Corporation 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 four potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 46,095,489 shares outstanding and no warrants. 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.This press release contains forward-look...Click here to read the whole Article (external link)
