Gold Resource Corporation (the "Company") announces the on time completion of its El Aguila mill expansion. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $91 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 Aguila mill expansion increases the nominal mill throughput capacity to 1,500 tonnes per day. Commissioning of the flotation circuits second ball mill (see photo's middle tower) was announced in the November 5, 2013 press release. Commissioning of the new flotation cells effectively concludes the construction for mill expansion. Optimization of new equipment will continue into early next year. With tonnes milled per day averaging 853 through the nine months ended September 30, 2013, the Company's focus will now turn to the continued development of its Arista underground mine with the target to gradually ramp up mill feed towards 1,500 tonnes per day in the future.
About GRC:
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in six potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The Company has 53,779,369 shares outstanding, no warrants and no debt. Gold Resource Corporation offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery. 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.
Source: http://www.goldresourcecorp.com/