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Gold Resource Corporation (NYSE:GORO) announced production results for the first quarter ended March 31, 2016 of 6,463 ounces of gold and 434,142 ounces of silver, which generated $17.4 million in net revenue for the quarter.
Gold Resource Corporation (NYSE:GORO) announced production results for the first quarter ended March 31, 2016 of 6,463 ounces of gold and 434,142 ounces of silver, which generated $17.4 million in net revenue for the quarter. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends and take delivery in physical gold and silver.
As quoted in the press release:
2016 Q1 HIGHLIGHTS
- $0.8 million net income, or $0.01 per share
- $17.4 million sales, net
- $667 total cash cost per ounce AuEq (after by-product credits)
- 6,463 gold ounces produced • 6,215 gold ounces sold
- 434,142 silver ounces produced • 378,794 silver ounces sold
- $6.4 million adjusted cash flow from mine site operations
- $0.3 million dividend distributions, or $0.005 per share for quarter
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