COLORADO SPRINGS, CO–(Marketwired – Jan 12, 2017) – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) today announced preliminary 2016 year-end and fourth quarter mill production. The Company produced approximately 27,629 gold ounces and 1,857,777 silver ounces for the 2016 year, which exceeded its annual gold production target and achieved its annual silver production target. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $109 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
The Company set its 2016 annual production target ranges of 26,000 gold ounces and 1,900,000 silver ounces, plus or minus 5%. Preliminary production for 2016 of approximately 27,629 gold ounces exceeded the upper targeted range for gold and 1,857,777 silver ounces achieved the silver production targeted range for the year. Fourth quarter gold and silver production totaled approximately 5,089 ounces and 419,800 ounces respectively. Preliminary annual base metal production included approximately 1,035 tonnes of copper, 4,049 tonnes of lead and 14,302 tonnes of zinc.