Gold Resource Corporation (the “Company”) announces its preliminary third quarter results that includes the sale of 3,982 ounces of gold and 208,905 ounces of silver resulting in total gold equivalent (AuEq) ounces of 6,532. Additionally, the company sold 2,571 tonnes of zinc, 245 tonnes of copper, and 947 tonnes of lead. During the nine months ending September 30, 2023, the company sold 24,306 AuEq ounces, 8,772 tonnes of zinc, 904 tonnes of copper, and 3,681 tonnes of lead.
Allen Palmiere, President and CEO said “The quarter has presented some challenges beyond our control including decreased metal prices and the strengthening of the Mexican peso against the US Dollar. Production during the quarter was on par with the last four quarters, however average grade decreased as was expected in our 2023 mine plan. We continue to identify and implement opportunities for cost reductions and operational efficiencies. We continue to be encouraged by the positive results of our 2023 drill program at the Don David Gold Mine that demonstrate the potential to increase our resources and reserves that could lead to future increased production.”
| Sales Statistics |
Three months ended
September 30, |
|
Nine months ended
September 30, |
| |
2023 |
2022 |
|
2023 |
2022 |
| Metal sold |
|
|
|
|
|
| Gold (ozs.) |
3,982 |
5,478 |
|
14,777 |
22,605 |
| Silver (ozs.) |
208,905 |
225,012 |
|
777,977 |
722,041 |
| Copper (tones) |
245 |
282 |
|
904 |
976 |
| Lead (tonnes) |
947 |
1,056 |
|
3,681 |
4,450 |
| Zinc (tonnes) |
2,571 |
2,943 |
|
8,772 |
10,892 |
| Average metal prices realized |
|
|
|
|
|
| Gold ($ per oz.) |
1,934 |
1,627 |
|
1,948 |
1,823 |
| Silver ($ per oz.) |
24 |
19 |
|
24 |
22 |
| Copper ($ per tonne) |
8,185 |
7,115 |
|
8,624 |
9,015 |
| Lead ($ per tonne) |
2,196 |
1,882 |
|
2,166 |
2,166 |
| Zinc ($ per tonne) |
2,195 |
3,186 |
|
2,648 |
3,828 |
| Precious metal gold equivalent ounces sold |
|
|
|
|
| Gold Ounces |
3,982 |
5,478 |
|
14,777 |
22,605 |
| Gold Equivalent Ounces from Silver |
2,550 |
2,564 |
|
9,529 |
8,575 |
| Total AuEq Ounces |
6,532 |
8,042 |
|
24,306 |
31,180 |
Trending Production Statistics
| |
|
For the three months ended: |
| |
|
Q2 2022 |
|
Q3 2022 |
|
Q4 2022 |
|
Q1 2023 |
|
Q2 2023 |
|
Q3 2023 |
| Arista Mine |
|
|
|
|
|
|
|
|
|
|
|
|
| Tonnes Milled |
|
128,884 |
|
110,682 |
|
116,616 |
|
116,721 |
|
113,511 |
|
116,626 |
| Average Gold Grade (g/t) |
|
2.63 |
|
1.98 |
|
2.51 |
|
2.33 |
|
1.59 |
|
1.52 |
| Average Silver Grade (g/t) |
|
64 |
|
80 |
|
109 |
|
94 |
|
86 |
|
73 |
| Average Copper Grade (%) |
|
0.32 |
|
0.37 |
|
0.45 |
|
0.37 |
|
0.37 |
|
0.32 |
| Average Lead Grade (%) |
|
1.99 |
|
1.59 |
|
1.58 |
|
1.73 |
|
1.64 |
|
1.29 |
| Average Zinc Grade (%) |
|
4.00 |
|
4.21 |
|
4.27 |
|
3.88 |
|
3.72 |
|
3.22 |
| Combined |
|
|
|
|
|
|
|
|
|
|
|
|
| Tonnes milled |
|
129,099 |
|
110,682 |
|
116,616 |
|
117,781 |
|
113,511 |
|
116,626 |
| Tonnes Milled per Day |
|
1,516 |
|
1,361 |
|
1,389 |
|
1,420 |
|
1,395 |
|
1,557 |
| Metal production (before payable metal deductions) |
| Gold (ozs.) |
|
9,317 |
|
5,850 |
|
7,767 |
|
7,171 |
|
4,637 |
|
4,443 |
| Silver (ozs.) |
|
249,088 |
|
261,257 |
|
370,768 |
|
322,676 |
|
289,816 |
|
247,159 |
| Copper (tonnes) |
|
303 |
|
296 |
|
406 |
|
336 |
|
334 |
|
276 |
| Lead (tonnes) |
|
2,020 |
|
1,248 |
|
1,323 |
|
1,559 |
|
1,389 |
|
1,048 |
| Zinc (tonnes) |
|
4,282 |
|
3,901 |
|
4,198 |
|
3,837 |
|
3,569 |
|
3,223 |