Gold Resource (GORO) Notes Strong Progress in Aguila Project in Q3; Seeks Industry Standard Research Report
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Gold Resource Corporation (AMEX: GORO) updates on third-quarter production.
From the release: "Production and optimization at the Aguila Project is progressing well for the first two months of the third quarter. The combination of increasing ore grades, increasing mill throughput and increasing recoveries has resulted in mineral production for the third quarter to date surpassing the second quarter production totals. We remain at our current targeted production range for the year 2011 of 60,000 to 70,000 precious metal gold equivalent ounces.
Gold Resource Corporation continues its progress towards an industry standard formal resource report having engaged the experienced Denver, Colorado-based engineering firm of Pincock Allen & Holt (PAH). A standardized NI 43-101 Technical Report would be necessary if the Company decides to pursue a secondary listing of its securities on the Toronto Stock Exchange (TSX)."
From the release: "Production and optimization at the Aguila Project is progressing well for the first two months of the third quarter. The combination of increasing ore grades, increasing mill throughput and increasing recoveries has resulted in mineral production for the third quarter to date surpassing the second quarter production totals. We remain at our current targeted production range for the year 2011 of 60,000 to 70,000 precious metal gold equivalent ounces.
Gold Resource Corporation continues its progress towards an industry standard formal resource report having engaged the experienced Denver, Colorado-based engineering firm of Pincock Allen & Holt (PAH). A standardized NI 43-101 Technical Report would be necessary if the Company decides to pursue a secondary listing of its securities on the Toronto Stock Exchange (TSX)."
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