Gold Resource (GORO) -2.8% AH after reporting lower than expected Q2 production of ~14,500 oz....


Gold Resource (GORO) -2.8% AH after reporting lower than expected Q2 production of ~14,500 oz. precious metal gold equivalent at a 60:1 price ratio. GORO revises its 2012 outlook by ~15% to a targeted annual production range of 100K-120K oz. equivalent at a 53:1 price ratio. Development of the Arista mine will determine whether targets will be achieved in 2013-14.

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  • New Low Observer
    , contributor
    Comments (2501) | Send Message
     
    Get your scorecards out everyone. GORO's announcement of a dividend payment in the form of gold did mark the peak in the price (on a cyclical basis) of gold, as is usually the case.

     

    Regards.
    20 Jul 2012, 01:43 PM Reply Like
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