Gold Resource Corporation (the "Company") reported its preliminary production results for the third quarter ended September 30, 2013 of approximately 21,200 ounces precious metal gold equivalent ("AuEq", calculated at actual sales price ratio of 65:1). Gold Resource Corporation is a gold producer with operations in the southern state of Oaxaca, Mexico.
The Company has returned over $90 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
The Company's third quarter production of approximately 21,200 ounces AuEq increases production totals to approximately 64,148 ounces AuEq for the first three quarters of 2013. The Company maintains its Outlook for the full 2013 year at 80,000-100,000 ounces AuEq.
Construction remains on track to deliver the complete Aguila mill expansion of 1,500 tonnes per day by year-end 2013. The Company continues to develop the Arista underground mine, as it is expected to deliver increased daily tonnage to the Aguila mill at year-end 2013 and into 2014.
"Our team at the El Aguila Project, led by our Chief Operating Officer, Rick Irvine, and our General Manager, Jesus Rivera, are doing a great job. These professionals have achieved production results of approximately 21,200 ounces for the third quarter and are continuing to keep our production on track to reach year end goals in the midst of significant engineering and mill construction," Gold Resource Corporation's CEO and President, Mr. Jason Reid, stated. "We are very close to completing our mill expansion and continue to focus on development of our Arista underground mine in preparation for pulling increased tonnes to feed our expanded new mill."
Full financial results for the third quarter will be available at the time the Company files its quarterly report on Form 10-Q with the Securities and Exchange Commission.
Source: http://www.goldresourcecorp.com/