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Gold Resource Corporation Reports Strong Initial Production From the Three Sisters Area at the Don David Gold Mine
Businesswire· 2025-12-03 23:08
Core Insights - Gold Resource Corporation (GRC) reported strong production results from the Don David Gold Mine in Oaxaca, Mexico, particularly from the high-grade Three Sisters area, indicating significant potential for cash flow generation [1][1][1] Production Statistics - From November 8 to 14, 2025, the mine produced 4,357 tonnes and processed 6,769 tonnes with an average Net Smelter Return (NSR) of $1,512 per tonne, which is 129% higher than modeled [1][1] - From November 15 to 21, 2025, the mine produced 6,580 tonnes and processed 6,095 tonnes with an average NSR of $723 per tonne, with tonnes mined being 40% higher and NSR 91% higher than planned [1][1] Back Forty Project Update - The company has decided to resume work on the Back Forty Project in Michigan, engaging consulting firms for a feasibility study and planning to start the permitting process [1][1] - A technical report summary filed in October 2023 indicated that a 50% increase in gold prices to $2,700 could raise the project's net present value by over 100% to approximately $430 million [1][1] Company Overview - Gold Resource Corporation is focused on gold and silver production, development, and exploration, primarily at the Don David Gold Mine in Oaxaca, Mexico, and the Back Forty Project in Michigan, USA [1][1][1]