GORO

Vancouver, British Columbia--(Newsfile Corp. - July 2, 2026) - Goldgroup Mining Inc. (TSXV: GGA) (OTCQX: GGAZF) (FSE: 55G0) ("Goldgroup" or the "Company") is pleased to announce the approval by shareholders of the Company of the Arrangement (as defined below) with Gold Resource Corporation and other matters at the Company's Annual General and Special Meeting of Shareholders ("Meeting") held on Thursday, July 2, 2026. A total of 280,061,700 common shares were voted at the Meeting, representing 92.88% of the votes attached to all outstanding common shares as of the record date of May 29, 2026 with over 99.99% of the votes cast at the meeting in favor of all motions presented to shareholders as outlined below. All matters presented at the Meeting and set out in the Company's management information circular dated May 29, 2026 (the "Information Circular") were approved, including: (i) the plan of arrangement and merger (the "Arrangement") under Division 5 of Part 9 of the Business Corporations Act (British Columbia) involving the Company, the Company's wholly-owned subsidiary, Goldgroup Merger Sub Inc., and Gold Resource Corporation; (ii) the adoption of new Articles for the Company (the "New Articles"); (iii) the Company's Omnibus Equity Incentive Plan; (iv) the appointment of Davidson & Company LLP as the auditors of the Company and to authorize the directors to fix the auditors' remuneration; and (v) the election of the Company's directors, all as more particularly set out in the Information Circular. The Company is also pleased to report that Gold Resource Corporation (NYSE American: GORO) announced at their Special Meeting of Shareholders held today that the Arrangement was approved by a majority of Gold Resource's shareholders. Subject to obtaining all required approvals and the satisfaction or waiver of all required closing conditions, the Arrangement is expected to close on or about July 17, 2026. A copy of the New Articles has been filed under the Company's SEDAR+ profile on www.sedarplus.ca. Additional information concerning the Arrangement is available in the Information Circular and the Company's news releases dated May 15, 2026 and January 26, 2026. About Goldgroup Goldgroup is a Canadian-based mining Company with two high-growth gold assets in Mexico. In addition to the San Francisco gold project, the Company has a 100% interest in the producing Cer...

Gold Resource Corporation (NYSE:GORO) is the Best Performing Stock. On May 7, Gold Resource Corporation (NYSE:GORO) said it produced and sold 8,749 gold equivalent ounces in the first quarter, including 1,548 ounces of gold and 374,232 ounces of silver. It also posted net income of $4.7 million, or $0.03 per share. Costs remained elevated, with total cash costs at $2,164 per ounce and all-in sustaining costs at $3,476. Chief Executive Allen Palmiere said the company returned to “positive net income” while holding $40.2 million in working capital and $31.0 million in cash. Pixabay/Public Domain Production expanded sharply, with gold volumes rising by 126% and silver by 54% while tonnes milled increased 31%, the company said. Palmiere said that the firm is advancing a transaction with Goldgroup Mining expected to close in the third quarter. Gold Resource Corporation (NYSE:GORO) works in the production of metal concentrates. It includes gold, silver, copper, lead and zinc, and doré containing gold and silver. It operates through the Oaxaca, Mexico, and Michigan, U.S.A segments. While we acknowledge the potential of GORO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.

This article first appeared on GuruFocus. Release Date: May 12, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. The Three Sisters vein system is showing promising results with attractive grades and wide veins suitable for selective mining. Engagement with Comminvi Servisos as an experienced contractor is expected to accelerate development and production from the Three Sisters vein system. Transitioning to a cut and fill mining method is reducing dilution from 40% to 17%, leading to lower mining and milling costs. The addition of a third dry stack filter press will expand processing capacity, eliminating bottlenecks and improving metal recovery. Changes in reagents and process flow have already improved metal recovery and payability, with further enhancements expected. The transition to new mining methods and equipment is ongoing and will take time to fully implement. Current equipment is old and requires substantial maintenance, reducing availability and efficiency. The company is facing constraints in processing throughput due to limitations of existing filters. The approach to upgrading the fleet is gradual, which may delay immediate improvements in operational efficiency. The overall turnaround strategy will take time to show significant results, indicating potential short-term challenges. Warning! GuruFocus has detected 2 Warning Signs with GORO. Is GORO fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide an update on the development of the Three Sisters vein system? A: The Three Sisters remains a focus, with mineralization showing attractive grades and wide veins for selective mining. We've engaged Comminvi Servisos to accelerate development and production. By year-end, we expect 50% of our production to come from this area, significantly impacting profitability. (Unidentified_1) Q: What changes have been made to the mining methods at the Don David Mine? A: We are transitioning from long-hole mining to cut and fill methods due to narrower vein widths. This change reduces dilution from 40% to 17%, lowering mining and milling costs while maintaining metal recovery. (Unidentified_1) Q: How is the company addressing equipment needs for the mine? A: We are acquiring used equipment to replace our aging fleet, focusing on smaller, readily available units that align with our...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved positive net income for the first time since 2021, driven by improved operational stability and favorable commodity price tailwinds. Successfully transitioned 70% of production at Don David mine to cut-and-fill mining, reducing dilution from 45% to approximately 12% to deliver higher head grades. Reopened the Alta Gracia mine to contribute high-grade silver ore, targeting a production increase from 1,500 to 5,000 tonnes per month by year-end. Strengthened the balance sheet to $31 million in cash with zero debt, providing the financial flexibility required for upcoming development projects. Attributed the Q1 rise in All-In Sustaining Costs (AISC) to 14 days of lost production from a union blockade and proactive safety-related ground support maintenance. Modernized the mining fleet with smaller, properly sized equipment to optimize the narrow-vein cut-and-fill method over legacy long-hole mining. Anticipate a pro forma production run rate exceeding 100,000 gold equivalent ounces within 12 months following the Gold Group Mining merger. Plan to complete a definitive feasibility study for the Back Forty project in Q1 2027, followed immediately by permit applications and construction. Targeting the restart of the San Francisco mine in early Q1 2027 after completing confirmatory drilling and infrastructure refurbishment. Executing an aggressive 70,000-meter drilling program in 2026, including 50,000 meters for exploration and 20,000 meters for definition drilling. Expect to install a third filter press in Q3 to provide redundancy and maintain steady 1,500 tonnes per day throughput at the tailings plant. Recorded two minor lost-time injury incidents, prompting the implementation of an immediate containment and prevention plan with external consultants. Navigated a 9-day work stoppage in January caused by an internal dispute between two union factions, which did not involve grievances against the company. Addressed regional security concerns in Sonora, Mexico, by highlighting the acquired Gold Group team's established social licenses and local expertise. The proposed reverse triangular merger with Gold Group aims to reduce single-asset dependency and attract a broader institutional investor base. One stock....

DENVER, May 07, 2026--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the "Company") is pleased to announce the first quarter production results from its Don David Gold Mine. During the quarter, the Company’s production included sales of 374,232 ounces of silver, 1,548 ounces of gold, and a total gold equivalent ("AuEq") ounces of 8,749. Total cash costs were $2,164 per AuEq ounce, and with continued investment in the mine infrastructure and drilling resulted in an all-in sustaining cost of $3,476 per AuEq ounce. The Company had a net income of $4.7 million, or $0.03 per share, for the quarter. "We are pleased to report another strong quarter and returning the Company to positive net income, with $40.2 million in working capital and $31.0 million in cash and cash equivalents as of March 31, 2026," said Allen Palmiere, President and CEO. "We continued to make meaningful progress in strengthening operational performance at Don David while advancing the proposed transaction with Goldgroup Mining Inc., which we expect to close in the third quarter. Our ongoing exploration programs continue to expand resources in the area surrounding the mine and the definition drilling has been improving our margins. As we work through the transaction, our team continues to focus on disciplined execution, safety, cost and grade control, and the delivery of returns for our shareholders." Don David Operational Highlights for the Quarter In the first quarter of 2026, DDGM, located in Mexico, produced and sold a total of 8,749 AuEq ounces, comprised of 1,548 gold ounces and 374,232 silver ounces, at an average realized sales price per ounce of $5,098 and $98.09, respectively. The 74,444 total tonnes milled was 31% higher than in the same period in 2025. Metal production for gold and silver increased by 126% and 54%, respectively. Copper, lead, and zinc production also increased by 39%, 36%, and 64%, respectively. During the first quarter of 2026, underground grade-control, infill, and selective expansion drilling continued to focus on near-term production targets at Arista and at the Alta Gracia project. At Arista, drilling supported production planning and refinement of the geologic model for veins within the Arista system, including the Viridiana, Gisela, Candelaria, Marena North and Splay 31 veins, as well as the Sandy and Sadie veins of the Three Sisters system...

DENVER (AP) — DENVER (AP) — Gold Resource Corp. (GORO) on Friday reported earnings of $4.7 million in its first quarter. On a per-share basis, the Denver-based company said it had profit of 3 cents. The gold and silver miner posted revenue of $43.9 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GORO at https://www.zacks.com/ap/GORO

DENVER (AP) — DENVER (AP) — Gold Resource Corp. (GORO) on Wednesday reported earnings of $18 million in its fourth quarter. On a per-share basis, the Denver-based company said it had net income of 14 cents. The gold and silver miner posted revenue of $51.3 million in the period. For the year, the company reported a loss of $6.5 million, or 5 cents per share. Revenue was reported as $99.8 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GORO at https://www.zacks.com/ap/GORO

DENVER, March 18, 2026--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the "Company") is pleased to announce its full-year operational results from its Don David Gold Mine ("DDGM") near Oaxaca, Mexico, and a corporate update on its other activities. "We are pleased to report a successful operational turnaround during 2025 that culminated in a strong fourth quarter finish and over $25 million in cash and equivalents on the balance sheet," said Allen Palmiere, President and CEO. "Obviously, favorable metal prices were a meaningful contribution which realized an average of $55 per ounce for silver and $4,234 per ounce for gold metal sales. Production from our Three Sisters zone made a significant contribution, as expected, and as a result we anticipate that silver will represent approximately 40% of our output from this zone in 2026 and enhance our leverage to the silver market. Our operations team in Mexico has executed exceptionally well on our 2025 objectives, delivering solid year end results, positioning us for continued momentum in the year ahead." Don David Gold Mine: Production substantially improved, as the Company began receiving newly acquired equipment at the end of the third quarter. The additional equipment, combined with the strategic use of third-party contractors, enabled an increase in available headings to mine and a subsequent improvement in production. DDGM produced and sold a total of 23,125 gold equivalent ounces, comprising of 4,944 gold ounces and 1,461,898 silver ounces, sold at an average price per ounce of $3,657 and $45.48, respectively. DDGM total cash costs after co-product credits per gold equivalent ("AuEq")1 ounce sold and DDGM all-in sustaining cost per AuEq ounce sold for the year were $2,205 and $2,807, respectively. See Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Non-GAAP Measures for a reconciliation of non-GAAP measures to applicable GAAP measures. DDGM received the Mexican Empresa Socialmente Responsable ("ESR") award in 2025 for the eleventh consecutive year. During 2025, the Company’s exploration program focused on underground grade-control and infill drilling in support of near-term production, primarily at the Three Sisters and Arista vein systems. At Three Sisters, drilling targeted the Sandy and Sadie vein sets to refine and validate the geologic...

DENVER, January 20, 2026--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the "Company") is pleased to announce preliminary fourth quarter production results from its Don David Gold Mine that are a significant improvement from previous quarters and represents 45% of the full-year production for 2025. The net result is a significantly improved year-end balance sheet of $25 million and no debt. During the quarter, the Company’s production profile has transitioned into more of a silver producer, accounting for about 80% of its revenue, including a record sale of 663,503 ounces of silver, 1,785 ounces of gold and a total gold equivalent (AuEq) ounces of 10,413. For the twelve months ending December 31, 2025, the company sold 23,125 AuEq ounces. "We are extremely pleased to report a such strong finish to 2025, reflecting the successful turnaround in operations and increasing ore production from the new Three Sisters area where higher grades and improved production, combined with record high metal prices," said Allen Palmiere, President and CEO. "During the quarter, we realized an average sale price of $55 per ounce of silver and $4,234 per ounce for gold. In 2026, we expect continued leverage to the silver price with 40% of our production from the Three Sisters area. Overall, we are pleased with the mine’s performance, which reflects the execution of the operational plans and new equipment we outlined a year ago. I would like to thank the entire team for their focus and execution in delivering these outstanding operational results." Sales Statistics Trending Production Statistics About GRC: Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of an experienced board and senior leadership team, the Company’s focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico and to develop the Back Forty Project in Michigan, USA. For more information, please visit the Company’s website, located at www.goldresourcecorp.com. Forward-Looking Statements: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Fo...

This article first appeared on GuruFocus. Release Date: November 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Gold Resource Corp (GORO) is experiencing early signs of a turnaround at its operations in Mexico, with improvements in production and management changes. The company has successfully engaged a mining contractor to assist in mine development, particularly in the Three Sisters area, which has shown good vein widths and high-grade mineralization. Operational improvements, such as the introduction of cut and fill mining methods, have led to higher production volumes and enhanced ore grades, resulting in higher profitability. Gold Resource Corp (GORO) is benefiting from record high metal prices, which are contributing to a stronger economic position. The company concluded the third quarter with a strong cash position of over $9 million, reflecting successful capital raising efforts and disciplined cash management. The operation recorded several lost time injury incidents during the quarter, prompting the engagement of an external consultant for a comprehensive safety assessment. Despite improvements, the cash cost per gold equivalent ounce and all-in sustaining cost per gold equivalent ounce remain above long-term targets. The company faced challenges earlier in the year due to insufficient underground development, which limited access to multiple mining phases and higher-grade zones. Gold Resource Corp (GORO) is still awaiting the arrival of some specialized narrow vein mining equipment, which is crucial for improving selectivity and operational control. The transition from long haul to cut and fill mining methods necessitated additional development, causing a challenging period in July. Warning! GuruFocus has detected 4 Warning Signs with GORO. Is GORO fairly valued? Test your thesis with our free DCF calculator. Q: Can you quantify the level of throughput you're targeting from the Three Sisters area as we head into 2026? A: Alan Palmier, President and CEO: We're anticipating that between 40% and 50% of our total production will come from the Three Sisters. The balance will be split roughly equally between Arista and Switchback. Q: Do you think you'll hit the 50% production balance from Three Sisters in Q1 2026, or do you have a timeline for that? A: Alan Palmier, President and CEO: We're...

DENVER, November 04, 2025--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the "Company") is pleased to announce its third quarter operational results from its Don David Gold Mine ("DDGM") near Oaxaca, Mexico. "I’m pleased to report that we are beginning to see encouraging signs of a turnaround at the Don David Gold Mine in Mexico," said Allen Palmiere, President and CEO. "We’ve started receiving some of the gently used equipment that we ordered, and it is already operational within the mine. Development work by Cominvi is progressing according to plan in the Three Sisters area, and we’re particularly encouraged by results which continue to validate our expectations of favorable vein widths and higher precious metal grades. Additionally, our transition to the cut-and-fill mining method in certain narrow vein areas has significantly reduced dilution. We are encouraged that these improvements are already yielding positive results, and we anticipate continued progress moving forward." Don David Gold Mine: In the third quarter of 2025, DDGM, located in Mexico, produced and sold a total of 6,298 gold equivalent ("AuEq") ounces, comprised of 1,422 gold ounces and 417,710 silver ounces, at an average sales price per ounce of $3,546 and $41.39, respectively. By the end of the third quarter, the Company began receiving newly acquired equipment and, when combined with the strategic use of third-party contractors, this enabled an increase in available headings and a subsequent improvement in production. Underground grade control and infill drilling advanced as planned at the Three Sisters vein system, focused on the Sandy and Sadie vein sets. Results from this work continue to refine and validate the geologic model, supporting near-term production planning. Additional drilling targeted the Splay 31, Marena North, Candelaria, and Viridiana veins in the Arista system, and the Soledad South vein in the Switchback system. These programs aim to optimize economic returns from near-term production across multiple vein systems. Underground exploration drilling remains on hold, with step-out targets at Three Sisters and Arista planned for future drill testing following completion of necessary development and improvements in the Company’s working capital position. Corporate and Financial: The Company has $12.8 million in working capital and $9.8 million in cash...