Gold Resource Corp GORO

Metals & Mining Gold

Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. The Company is focused on its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico, and to develop the Back Forty Project in Michigan, United States. Its Back Forty Project has a polymetallic (gold, silver, copper, lead, and zinc) Volcanogenic Massive Sulfide deposit. At its Don David Gold Mine, it has 100% interest in six properties, including two production stage properties and four exploration stage properties, located in Oaxaca, Mexico, along the San Jose structural corridor. Its properties span 55 continuous kilometers of this structural corridor. Its two production stage properties include Arista and Alta Gracia Mines. Its four exploration properties include Margaritas Property, Chamizo Property, Fuego Property and Rey Property. The Fuego property consists of approximately 2,554 hectares.

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Gold Resource Corp > FORTITUDE GOLD

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Comment by jthottamon Jan 13, 2021 12:13am

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Post# 32282733

RE:RE: FORTITUDE GOLD

This is just a theory, but I suspect they just did that to establish a floor value for the shares (possibly to help establish trading value or to aid in establish a cost basis for the remaining GORO shares for tax purposes). In my opinion, I doubt Fortitude really need the cash as it was already flush with cash and was printing money and to do a private placement of that size seems a bit strange. Just a theory though....

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Advancing flagship Ishkõday Gold Project in Ontario