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.

NYSEAM:GORO - Post by User

Gold Resource Corp

<< Previous

Bullboard Posts

Next >>

Post by GoldfingerU3O8on Feb 13, 2023 2:42pm

575 Views

Post# 35283566

From the Press Release

"At this time, the Board of Directors and Management feel the best way to maximize shareholder value is to protect our balance sheet and focus our capital resources on exploration and growth opportunities. Therefore, we will suspend the quarterly dividend until such time that it may become practicable to reinstate."

The shares are down over 30%. The question is, in which world this sharholder value destroyer live.

<< Previous

Bullboard Posts

Next >>

E3 inches closer to Alberta's first lithium production plant