![]() ![]() ![]() In the second quarter, GORO said production at the Don David mine in Mexico was solid. Should that be approved, the federal government and the Menominee Nation will have a say in whether the mine goes ahead. The corporation’s best estimate is it will take 6 to 12 months to clear the regulatory hurdles, which sounds optimistic, particularly since the Michigan Historic Preservation Review Board voted to nominate the site to be added to the National Register of Historic Places. As has the process of gaining the relevant permits: the land of the “pleasant peninsula” is one of two states that have total authority over the permitting process. The completion of the filter plant and dry stack facility in late 2021 means it is processing 85 percent of tailings through the new plant.Ī feasibility study is being conducted for the deposit in Michigan, but capital cost pressures, combined with lower commodity prices, have slowed things down. ![]() This junior miner remains invested heavily in Mexico, which it sees as beneficial from an operational, financial and environmental standpoint. They still expect to achieve full-year guidance on costs and production of 900,000 – 1 million ounces of silver, and 24,000 - 26,000 ounces of gold. Production results are expected to be lower in the second half due to inferior grade. Gold Resource ( GORO) got off to a decent start in 2022, and investors responded by bidding the stock to a 52-week high above $2.50 in April it has since fallen by about a third, notes Benj Gallander, editor of value investor and editor of Contra the Heard. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |