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Gold Resource Corporation Reports Results of Operations for the Year Ended December 31, 2023

Gold Resource Corporation (GORO) 
Company Research Source: Business Wire
DENVER--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the “Company”) is pleased to announce its full-year operational results from its Don David Gold Mine (“DDGM”) near Oaxaca, Mexico, and a corporate update on its other activities.2023 Highlights include:Produced and sold 18,534 ounces of gold and 1,036,229 ounces of silverProduced and sold 10,954 tonnes of zinc, 904 tonnes of copper, and 3,681 tonnes of leadTotal cash cost after co-product credits for the full year was $1,250 per gold equivalent ounceCash balance of $6.3 million with no debt and working capital of $15.2 million at December 31, 2023Completed Back Forty Optimization Study that indicates an After-Tax of $214 million NPV6% with a 25.7% IRR and a 2.5 year payback“Our operational results for the final quarter of 2023 were in line with our mine plan and guidance even though our financial results were lower than planned,” stated Allen Palmiere, President and CEO for the Company. “Factors that are out Show less Read more
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