DENVER, CO / ACCESSWIRE / July 14, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company") today announced preliminary second quarter 2021 production results.
Second Quarter 2021 Production Highlights
- 9,685 gold equivalent ounces ("Au eq oz") sold, inclusive of 5,697 gold ounces ("Au oz") and 270,321 silver ounces ("Ag oz"),
- 365 tonnes of payable copper,
- 1,214 tonnes of payable lead, and
- 3,193 tonnes of payable zinc.
Allen Palmiere, President and CEO, said "Gold production in the second quarter was as expected while silver and base metal production remain modestly behind forecast. We continue to address challenging ground conditions with a change in mine sequencing and the use of paste fill. We remain confident in our annual production guidance for gold equivalent ounces and our Total Cash and All-in Sustaining Costs."
Sales Statistics
| For the three months ended June 30, | For the six months ended June 30, | |||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||
Metal sold | ||||||||||||||||
Gold (ozs.) | 5,697 | 2,542 | 10,716 | 7,534 | ||||||||||||
Silver (ozs.) | 270,321 | 189,866 | 523,382 | 545,094 | ||||||||||||
Copper (tonnes) | 365 | 215 | 747 | 643 | ||||||||||||
Lead (tonnes) | 1,214 | 1,014 | 2,390 | 2,978 | ||||||||||||
Zinc (tonnes) | 3,193 | 2,592 | 6,327 | 6,948 | ||||||||||||
Precious metal gold equivalent ounces sold | ||||||||||||||||
Gold Ounces | 5,697 | 2,542 | 10,716 | 7,534 | ||||||||||||
Gold Equivalent Ounces from Silver | 3,988 | 1,791 | 7,775 | 5,409 | ||||||||||||
Total AuEq oz | 9,685 | 4,333 | 18,491 | 12,943 | ||||||||||||
Production Statistics
| For the three months ended June 30, | For the six months ended June 30, | |||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||
Arista Mine | ||||||||||||||||
Milled | ||||||||||||||||
Tonnes Milled | 126,363 | 78,740 | 253,766 | 236,776 | ||||||||||||
Grade | ||||||||||||||||
Average Gold Grade (g/t) | 1.91 | 1.73 | 1.80 | 1.41 | ||||||||||||
Average Silver Grade (g/t) | 79 | 71 | 78 | 78 | ||||||||||||
Average Copper Grade (%) | 0.36 | 0.39 | 0.40 | 0.39 | ||||||||||||
Average Lead Grade (%) | 1.63 | 1.92 | 1.66 | 1.96 | ||||||||||||
Average Zinc Grade (%) | 3.64 | 4.92 | 3.97 | 4.75 | ||||||||||||
Aguila Open Pit Mine | ||||||||||||||||
Milled | ||||||||||||||||
Tonnes Milled | 3,227 | 3,579 | 14,804 | 17,827 | ||||||||||||
Grade | ||||||||||||||||
Average Gold Grade (g/t) | 2.58 | 1.46 | 1.86 | 1.29 | ||||||||||||
Average Silver Grade (g/t) | 47 | 50 | 33 | 41 | ||||||||||||
Mirador Mine | ||||||||||||||||
Milled | ||||||||||||||||
Tonnes Milled | - | 5,246 | - | 7,450 | ||||||||||||
Grade | ||||||||||||||||
Average Gold Grade (g/t) | - | 0.79 | - | 0.91 | ||||||||||||
Average Silver Grade (g/t) | - | 126 | - | 130 | ||||||||||||
Combined | ||||||||||||||||
Tonnes milled | 129,590 | 87,565 | 268,570 | 262,053 | ||||||||||||
Tonnes Milled per Day(1) | 1,506 | 1,943 | 1,555 | 1,976 | ||||||||||||
Metal production (before payable metal deductions)(2) | ||||||||||||||||
Gold (ozs.) | 6,555 | 2,441 | 12,652 | 8,891 | ||||||||||||
Silver (ozs.) | 295,979 | 185,330 | 603,589 | 587,872 | ||||||||||||
Copper (tonnes) | 368 | 246 | 809 | 734 | ||||||||||||
Lead (tonnes) | 1,654 | 1,140 | 3,391 | 3,654 | ||||||||||||
Zinc (tonnes) | 3,683 | 3,004 | 8,060 | 8,848 | ||||||||||||
(1) Based on actual days the mill operated during the period.
(2) The difference between what we report as "Metal Production" and "Metal Sold" is attributable to the difference between the quantities of metals contained in the concentrates we produce versus the portion of those metals actually paid for according to the terms of our sales contracts. Differences can also arise from inventory changes related to shipping schedules, or variances in ore grades and recoveries which impact the amount of metals contained in concentrates produced and sold.
Second Quarter Conference Call Reminder
As a reminder, the Company will issue a news release providing a summary of its financial and operating results for the second quarter ended June 30, 2021 on Tuesday, July 27, 2021 after the market close, file its 10Q with the financial and operating results for the period ended June 30, 2021 with EDGAR and host a conference call on Wednesday, July 28, 2021 at 11:00 a.m. Eastern Time.
The conference call will be recorded and posted to the Company's website later in the day following the conclusion of the call. Following prepared remarks, Allen Palmiere, President and Chief Executive Officer, Kim Perry, Chief Financial Officer and Alberto Reyes, Chief Operating Officer will host a live question and answer (Q&A) session. There are two ways to join the conference call.
To join the conference via webcast, please click on the following link:
https://www.webcaster4.com/Webcast/Page/2361/42039.
To join the call via telephone please use one of the following dial-in details:
Participant Toll Free: 877-545-0320
Participant International: 973-528-0016
Entry Code: 758194
Please connect to the conference call at least 10 minutes prior to the start time using one of the connection options listed above.
About GRC:
Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. 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.
CONTACT:
Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.GoldResourcecorp.com
SOURCE: Gold Resource Corporation
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