Gold Resource (GORO) has released an update.
Gold Resource Corporation has announced its Q1 2024 financial results, with notable production of gold, silver, and base metals from its Don David Gold Mine, and a strong cash and working capital position, despite a net loss of $4.0 million for the quarter. The company faced operational challenges, including a reduced plant throughput and lower recoveries due to issues with their tailings storage facility, but mitigated impacts by adjusting the mine plan and continuing exploration activities. Gold Resource’s total cash cost was $1,667 per gold equivalent ounce, with an all-in sustaining cost of $2,295 per ounce.
For further insights into GORO stock, check out TipRanks’ Stock Analysis page.
