Profile: Gold Resource Corp (GORO.A)
27 Feb 2017
Gold Resource Corporation, incorporated on August 24, 1998, is a mining company. The Company is a producer of metal concentrates that contain gold, silver, copper, lead and zinc, and dore containing gold and silver at the Aguila Project in the southern state of Oaxaca, Mexico (Oaxaca). The Company has two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit. The majority of its assets are located at its Oaxaca Mining Unit, located on its Aguila Project, including its Aguila milling facility and Arista underground mine. The Aguila milling facility produces metal concentrates and dore from ore mined from the Arista mine, which contains precious metal products of gold and silver, and by-products of copper, lead and zinc. The Company's operations in Oaxaca are conducted through its Mexican subsidiary, Don David Gold Mexico S.A. de C.V. (DDGM). Its Nevada exploration is done through its subsidiary, GRC Nevada Inc.
The Company's mineral properties are classified into various categories, such as Operating Properties and Exploration Properties. Operating Properties are properties on which the Company operates a producing mine and is considered a material property. The Company has an interest in approximately nine properties, where over six of its properties, including one Operating Property and approximately five Exploration Properties, are in its Oaxaca Mining Unit, which is located in the southern state of Oaxaca, Mexico. The Company has approximately three Exploration Properties within its Nevada Mining Unit located in south central Nevada's Walker Lane Mineral Belt in the United States.
Oaxaca Mining Unit
The properties of Oaxaca Mining Unit are located in Oaxaca, Mexico in what is known as the San Jose structural corridor, which runs north 70 degrees west. Its properties comprise over 55 continuous kilometers of this structural corridor, which spans three mining districts in Oaxaca. Its operating properties include Aguila Project, Margaritas property, Alta Gracia Property, Chamizo Property, Fuego Property and Rey property. The Aguila Project comprises approximately 20 mining concessions aggregating approximately 30,070 hectares. The Margaritas property consists of the La Tehuana concession. The Fuego property consists of approximately 2,554 hectares and is located south of its Alta Gracia and Chamizo properties. The Rey property consists of concessions on the far northwest end of its 55 kilometer mineralized corridor in the State of Oaxaca known as Rey, El Virrey, La Reyna and El Marquez.
Nevada Mining Unit
The Nevada Mining Unit consists of Radar property, Goose property, Gold Mesa and East Camp Douglas property. The Radar property covers an area of approximately 3,550 acres and is made up of over 180 unpatented lode claims located in the Walker Lane Mineral Belt in central Nevada. The Goose property consists of five unpatented lode claims covering approximately 100 acres adjacent to Radar in the Walker Lane Mineral Belt. The claims comprising the Goose property cover Newman Ridge, a mountain located directly west of the past producing Paradise Peak mine, near the Round Mountain and Rawhide mines. Gold Mesa consists of approximately 1,780 acres with 89 unpatented claims and 3 patented claims in central Nevada's Walker Lane Mineral Belt. The property is located 17 miles south-southeast of the Radar and Goose properties. The East Camp Douglas property is located approximately 14 miles southeast of the Company's Gold Mesa property. The East Camp Douglas property covers an area of approximately 5,300 acres consisting of approximately 280 unpatented claims, 10 patented claims and an additional 200 acres of fee lands in Mineral County, Nevada.
Gold Resource Corp
2886 Carriage Manor Pt
COLORADO SPRINGS CO 80906-3656
Company Web Links
- BRIEF-Gold Resource Corp suspends operations for up to 48 hours after two accidents
- BRIEF-Gold Resource Corp acquires East Camp Douglas Gold Property
- BRIEF-Gold Resource Corp declares year-end special dividend of one cent
- BRIEF-Gold Resource Corp posts Q3 earnings per share $0.03
- BRIEF-Gold Resource Corp receives final mine permit to begin Alta Gracia project