Gold Resource Corporation
Price History
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About Gold Resource Corporation
Gold Resource Corporation (GORO) is a gold mining company. Our project database tracks 5 projects for Gold Resource Corporation with technical and economic data extracted from company filings. Its flagship Back Forty (PEA) carries an after-tax NPV of $214M and an IRR of 25.7% over a 9-year mine life.
Gold Resource Corporation produces gold and silver from the Don David mine in Oaxaca, Mexico, a high-grade underground operation generating steady cash flow. The company is focused on mine optimization and extending the mine life of its producing asset.
Primary Commodities
Gold
Project Economics
Don David Gold Mine (DDGM)
Gold· Oaxaca, Mexico· Production
Production
Mine Life5 yrs
Annual Production40 koz Au Eq
Mine TypeUnderground
Ownership100%
- Mineral Reserves
- Proven: 60 kt @ 2.3 g/t Au, 279 g/t Ag, 0.2% Cu, 1.2% Pb, 3.1% Zn; Probable: 1,057 kt @ 1.2 g/t Au, 135 g/t Ag, 0.2% Cu, 0.7% Pb, 2.2% Zn; Total Arista Mine: 1,117 kt @ 1.3 g/t Au, 143 g/t Ag, 0.2% Cu, 0.7% Pb, 2.2% Zn
- Mineral Resources
- Measured + Indicated (Arista): 205 kt @ 1.01 g/t Au, 162.99 g/t Ag, 0.29% Cu, 0.94% Pb, 2.59% Zn; Inferred (Arista): 1,838 kt @ 1.03 g/t Au, 100.33 g/t Ag, 0.23% Cu, 1.29% Pb, 3.62% Zn; Measured + Indicated (Alta Gracia): 168 kt @ 0.64 g/t Au, 286.13 g/t Ag; Inferred (Alta Gracia): 148 kt @ 0.62 g/t Au, 295.61 g/t Ag
- Royalties / Streams
- n/a
Source: Company presentation
Back Forty
Gold· Michigan, USA· Development
PEA
Oct 2023
NPV (After-Tax) @ 6%$214M
IRR (After-Tax)25.7%
Initial Capex$325M
Payback2.4 yrs
AISC920 USD/oz
Mine Life9 yrs
Annual Production120 koz Au Eq
Mine TypeOpen-pit & Underground
Ownership100%
- Mineral Resources
- Measured + Indicated: 14,497 kt (open pit: 9,360 kt @ 2.41 g/t Au, 28.06 g/t Ag, 0.36% Cu, 3.74% Zn; underground: 5,137 kt @ 1.86 g/t Au, 24.05 g/t Ag, 0.41% Cu, 2.65% Zn); Inferred: 1,193 kt (open pit: 566 kt @ 2.70 g/t Au, 48.84 g/t Ag, 0.35% Cu, 1.31% Zn; underground: 627 kt @ 2.00 g/t Au, 26.10 g/t Ag, 0.37% Cu, 2.89% Zn)
- Royalties / Streams
- Osisko Gold Royalties: 18.5% Au stream (reduced to 9.25% after 105 koz Au @ 30% spot gold, max US$600/oz Au) and 85% Ag stream @ US$4/oz Ag. Osisko to pay GRC US$5M on completion of updated FS and US$25M on first drawdown of project debt financing.
Source: Company presentation
Don David Gold Mine (Alta Gracia Mine)
Gold, Silver· Oaxaca, Mexico· Production
Feasibility
Dec 2021
Mine TypeUnderground
Ownership100%
- Mineral Reserves
- Proven: 3,000 tonnes @ 0.85 g/t Au, 392 g/t Ag; Probable: 50,800 tonnes @ 0.27 g/t Au, 169 g/t Ag; Total: 53,800 tonnes @ 0.30 g/t Au, 181 g/t Ag
- Mineral Resources
- Measured: 24 Kt @ 0.81 g/t Au, 367.95 g/t Ag; Indicated: 90 Kt @ 0.61 g/t Au, 327.18 g/t Ag; M&I: 114 Kt @ 0.65 g/t Au, 335.82 g/t Ag; Inferred: 148 Kt @ 0.62 g/t Au, 295.61 g/t Ag
Source: Technical report
Don David Gold Mine (Arista Mine)
Gold, Silver, Copper, Lead, Zinc· Oaxaca, Mexico· Production
Feasibility
Dec 2021
NPV (After-Tax) @ 5%$114M
Initial Capex$75M
AISC88 USD/t
Mine Life6 yrs
Mine TypeUnderground
Ownership100%
- Mineral Reserves
- Proven: 353,500 tonnes @ 2.63 g/t Au, 93 g/t Ag, 0.4% Cu, 1.9% Pb, 4.9% Zn; Probable: 1,131,200 tonnes @ 1.22 g/t Au, 61 g/t Ag, 0.2% Cu, 1.0% Pb, 2.8% Zn; Total: 1,484,700 tonnes @ 1.55 g/t Au, 69 g/t Ag, 0.3% Cu, 1.2% Pb, 3.3% Zn
- Mineral Resources
- Measured: 352 Kt @ 2.18 g/t Au, 171.69 g/t Ag, 0.38% Cu, 1.57% Pb, 4.79% Zn; Indicated: 1,208 Kt @ 1.46 g/t Au, 120.06 g/t Ag, 0.31% Cu, 1.21% Pb, 3.49% Zn; M&I: 1,560 Kt @ 1.62 g/t Au, 131.72 g/t Ag, 0.33% Cu, 1.29% Pb, 3.79% Zn; Inferred: 1,766 Kt @ 0.90 g/t Au, 94.16 g/t Ag, 0.27% Cu, 1.18% Pb, 3.19% Zn
Source: Technical report
Don David Gold Mine (Arista Mine & Alta Gracia Mine)
Gold, Silver, Base Metals (Copper, Lead, Zinc)· Oaxaca, Mexico· Production
Feasibility
Dec 2021
NPV (After-Tax) @ 5%$114M
Initial Capex$75M
Mine Life6 yrs
Mine TypeUnderground
Ownership100%
- Mineral Reserves
- Proven: 353,500 tonnes @ 2.63 g/t Au, 93 g/t Ag, 0.4% Cu, 1.9% Pb, 4.9% Zn; Probable: 1,131,200 tonnes @ 1.22 g/t Au, 61 g/t Ag, 0.2% Cu, 1.0% Pb, 2.8% Zn; Total: 1,484,700 tonnes @ 1.55 g/t Au, 69 g/t Ag, 0.3% Cu, 1.2% Pb, 3.3% Zn (Arista). Alta Gracia: Proven: 3,000 tonnes @ 0.85 g/t Au, 392 g/t Ag; Probable: 50,800 tonnes @ 0.27 g/t Au, 169 g/t Ag; Total: 53,800 tonnes @ 0.30 g/t Au, 181 g/t Ag. Combined Total: 1,538,500 tonnes @ 1.51 g/t Au, 73 g/t Ag.
- Mineral Resources
- Arista: Measured 352 Kt @ 2.18 g/t Au, 171.69 g/t Ag, 0.38% Cu, 1.57% Pb, 4.79% Zn; Indicated 1,208 Kt @ 1.46 g/t Au, 120.06 g/t Ag, 0.31% Cu, 1.21% Pb, 3.49% Zn; M&I 1,560 Kt @ 1.62 g/t Au, 131.72 g/t Ag, 0.33% Cu, 1.29% Pb, 3.79% Zn; Inferred 1,766 Kt @ 0.90 g/t Au, 94.16 g/t Ag, 0.27% Cu, 1.18% Pb, 3.19% Zn. Alta Gracia: Measured 24 Kt @ 0.81 g/t Au, 367.95 g/t Ag; Indicated 90 Kt @ 0.61 g/t Au, 327.18 g/t Ag; M&I 114 Kt @ 0.65 g/t Au, 335.82 g/t Ag; Inferred 148 Kt @ 0.62 g/t Au, 295.61 g/t Ag.
Source: Technical report
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
Financial Metrics
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Frequently Asked Questions
- What does Gold Resource Corporation mine?
- Gold Resource Corporation is focused on Gold.
- What is the economic value of Gold Resource Corporation's Back Forty?
- According to its PEA, Back Forty has an after-tax NPV of $214M and an IRR of 25.7%.
- How many projects does Gold Resource Corporation have?
- We track 5 projects with extracted technical and economic data for Gold Resource Corporation.
Quick Facts
- Ticker Symbol
- GORO
- Market Cap
- Small Cap
- Category
- Gold
- Commodities
- Gold
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.
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