US Market News
6 days ago
Gold Resource Corporation Shareholders Approve Merger at Special MeetingJuly 2, 2026 4:35 PM
Business Wire Gold Resource Corporation (NYSE American: GORO) (the “Company,” “we,” “our,” or “GRC”) today announced that, at the Company’s Special Meeting of Shareholders held this morning, our shareholders approved the previously announced Arrangement Agreement and Plan of Merger, dated January 25, 2026 and amended on May 15, 2026, by and among the Company, Goldgroup Mining Inc., a corporation incorporated under the laws of the province of British Columbia (“Goldgroup”), and Goldgroup Merger Sub Inc., a Colorado corporation and wholly owned subsidiary of Goldgroup (“Merger Sub”), pursuant to which Merger Sub will merge with and into the Company, with the Company surviving as a wholly owned subsidiary of Goldgroup (the “Merger”). Subject to obtaining all required approvals and the satisfaction or waiver of all required closing conditions, the Merger is expected to close on or about July 17, 2026, following completion of a share consolidation by Goldgroup. Additional information about the Merger is available in the Company’s proxy statement for the Special Meeting of Shareholders filed with the Securities and Exchange Commission on May 29, 2026. 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 (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking words such as “plan,” “target,” “anticipate,” “believe,” “estimate,” “intend” and “expect” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding the expected closing of the Merger. All forward-looking statements in this press release are based upon information available to the Company as of the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company’s actual results could differ materially from those discussed in this press release. Forward-looking statements are subject to risks and uncertainties. Additional risks related to the Company may be found in the periodic and current reports filed with the SEC by the Company, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as amended, which are available on the SEC’s website at https://www.sec.gov. View source version on businesswire.com: https://www.businesswire.com/news/home/20260702773116/en/ Allen Palmiere
Chief Executive Officer
Gold Resource Corporation
720-459-3854
www.goldresourcecorp.com Original: Gold Resource Corporation Shareholders Approve Merger at Special Meeting
US Market News
1 month ago
Gold Resource Corporation Announces Special Shareholder Meeting to Vote on Strategic Merger With Goldgroup MiningJune 5, 2026 7:00 AM
Business Wire With Proxy Materials Officially Being Mailed, the Board Urges Shareholders to Vote “FOR” the Milestone Deal That Will Combine Core Assets and Drive Long-Term Shareholder Value Gold Resource Corporation (NYSE American: GORO) (the “Company,” “we,” “our,” or “GRC”) today announced updates regarding our upcoming Special Meeting of Shareholders (the “Special Meeting”) scheduled for July 2, 2026. The definitive proxy statement has been filed with the Securities and Exchange Commission (the “SEC”), and mailing has been completed to shareholders of record as of May 26, 2026. The Goldgroup Merger: Unlocking Shareholder Value Following the finalization of the definitive transaction documentation, the Company is moving into the final approval phase of its strategic combination. Under the terms of the Arrangement Agreement and Plan of Merger dated January 25, 2026, as amended on May 15, 2026, the Company will combine with Goldgroup Mining Inc. (TSX-V: GGA; OTC: GGAZF) (“Goldgroup”) via a reverse triangular merger with Goldgroup Merger Sub, Inc., a wholly owned subsidiary of Goldgroup (the “Merger”). Management believes that the proposed Merger represents a net benefit for the Company’s shareholders: Direct Share Exchange: GRC stockholders will receive 1.4476 common shares of Goldgroup for each share of GRC common stock they own (subject to adjustment for a share consolidation to be completed by Goldgroup at a ratio to be determined jointly by Goldgroup and the Company, and approved by the TSX Venture Exchange, prior to closing of the Merger). Enhanced Operational Scale: The proposed Merger creates a consolidated precious metals company with stronger asset utilization, expanded exploration potential, and a unified platform built to navigate dynamic mining markets. Continued Upside Exposure: Shareholders will retain significant ongoing equity ownership in the combined enterprise, allowing them to benefit directly from future growth, anticipated cost synergies, and broader market visibility. “The filing and mailing of our definitive proxy statement marks a critical milestone toward completing this transformative transaction,” said Allen Palmiere, CEO, President & Director of the Company. “Having successfully executed a turnaround at the Don David Gold Mine, we are positioned to expand production through the proposed Merger. The addition of Goldgroup’s San Francisco mine and Cerro Prieto mine is expected to increase gold exposure and materially enhance cash generation through higher overall output.” The Board of Directors of the Company has thoroughly reviewed the proposed Merger and strongly urges GRC’s shareholders to vote “FOR” the proposals within the definitive proxy statement. What Our Shareholders Are Voting On At the upcoming Special Meeting, our shareholders will be asked to consider and vote upon: The Merger Proposal: To approve the Arrangement Agreement and Plan of Merger. The Merger-Related Compensation Proposal: To approve, on a non-binding advisory basis, the merger-related executive compensation. The Adjournment Proposal: To approve the adjournment of the Special Meeting to a later date, if necessary, to solicit additional proxies for the approval of the Merger Proposal. Your Vote is Required—How to Cast It Now Because approval of the Merger Proposal requires a definitive majority threshold of all outstanding shares to pass, not voting has the exact same effect as voting “AGAINST” the Merger. Every single vote matters, regardless of how many shares you own. Shareholders are highly encouraged to submit their proxy votes ahead of time using one of the following quick methods: Vote Online: Go to the secure website listed on your proxy card or voting instruction form and enter your unique control number. Vote by Phone: Use the toll-free number provided in your original proxy mailing. Vote by Mail: Simply sign, date, and mail back your proxy card in the prepaid envelope. Questions or Need Assistance Voting? If you have questions regarding the proposed Merger or require assistance casting your vote, please contact the Company’s proxy solicitation agent immediately: Laurel Hill Advisory Group
Attn: John J. DePinto Jr.
Toll-Free Phone: 888.742.1305
Direct/International: 516.933.3100
Email: GORO@laurelhill.com 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 (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking words such as “plan,” “target,” “anticipate,” “believe,” “estimate,” “intend” and “expect” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding the timing and completion of the proposed Merger with Goldgroup Mining Inc., and the expectations regarding voting and approvals. All forward-looking statements in this press release are based upon information available to the Company as of the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company’s actual results could differ materially from those discussed in this press release. Forward-looking statements are subject to risks and uncertainties. Additional risks related to the Company may be found in the periodic and current reports filed with the SEC by the Company, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as amended (the “2025 Annual Report”), which are available on the SEC’s website at https://www.sec.gov. IMPORTANT INFORMATION FOR INVESTORS AND SHAREHOLDERS This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any securities issued in the proposed Merger are anticipated to be issued in reliance upon available exemptions from registration requirements pursuant to Section 3(a)(10) of the Securities Act and applicable exemptions under state securities laws. In connection with the proposed Merger, the Company has sent the definitive proxy statement to each shareholder of the Company entitled to vote at the Special Meeting relating to the proposed Merger and the transactions contemplated in connection therewith. This press release is not a substitute for the proxy statement or for any other document that the Company may file with the SEC and send to the Company’s shareholders in connection with the proposed Merger. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders can obtain free copies of the proxy statement and other documents filed with the SEC by the Company through the website maintained by the SEC at http://www.sec.gov. The Company and certain of its respective directors, executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the proposed Merger under the rules of the SEC. Information about the directors and executive officers of the Company is set forth in the 2025 Annual Report. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of such participants in the solicitation of proxies in respect of the proposed Merger will be included in the proxy statement and other relevant materials to be filed with the SEC when they become available. View source version on businesswire.com: https://www.businesswire.com/news/home/20260605481365/en/ Allen Palmiere
Chief Executive Officer
Gold Resource Corporation
720-459-3854
www.goldresourcecorp.com Original: Gold Resource Corporation Announces Special Shareholder Meeting to Vote on Strategic Merger With Goldgroup Mining
US Market News
2 months ago
Gold Resource Corporation Announces First Quarter 2026 ResultsMay 7, 2026 5:52 PM
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. Limited surface expansion drilling also commenced during the quarter, testing the Isabel SE target. At the Alta Gracia Project, surface and underground infill and expansion drilling advanced evaluation of the Mirador and Independencia vein systems. Merger Update On January 26, 2026, the Company announced that it entered into a definitive arrangement agreement and plan of merger (the “Arrangement Agreement”) with Goldgroup Mining Inc. (“Goldgroup”), whereby Goldgroup agreed to acquire all of the issued and outstanding shares of the Company’s common stock (the “Transaction”). Pursuant to the Arrangement Agreement, the Company’s stockholders will receive 1.4476 common shares of Goldgroup for each share of the Company’s common stock (as adjusted by a share consolidation to be completed by Goldgroup prior to closing). The Transaction is expected to close in the third quarter of 2026, subject to customary closing conditions (including approval by the stockholders of each of the Company and Goldgroup). The parties received unconditional approval from the Mexican National Antitrust Commission in respect of the Transaction on April 27, 2026. Sales Statistics For the three months ended March 31, 2026 2025 Metal produced and sold Gold (ozs.) 1,548 859 Silver (ozs.) 374,232 230,320 Copper (tonnes) 69 50 Lead (tonnes) 353 277 Zinc (tonnes) 962 617 Average metal prices realized (1) Gold ($ per oz.) $ 5,098 $ 2,956 Silver ($ per oz.) $ 98.09 $ 32.54 Copper ($ per tonne) $ 13,649 $ 9,656 Lead ($ per tonne) $ 1,938 $ 1,950 Zinc ($ per tonne) $ 3,248 $ 2,710 Gold equivalent ounces sold Gold Ounces 1,548 859 Gold Equivalent Ounces from Silver 7,201 2,535 Total AuEq oz 8,749 3,394 (1) Average metal prices realized vary from the market metal prices due to final settlement adjustments from our provisional invoices. Our average metal prices realized will therefore differ from the average market metal prices in most cases. Trending Highlights 2025 2026 Q1 Q2 Q3 Q4 Q1 Operating Data Total tonnes milled 56,906 63,479 65,131 85,888 74,444 Average Grade Gold (g/t) 0.70 0.56 1.11 0.96 1.10 Silver (g/t) 169 115 250 298 203 Copper (%) 0.18 0.13 0.16 0.16 0.15 Lead (%) 0.72 0.88 0.63 0.58 0.72 Zinc (%) 1.68 2.72 1.57 1.22 1.91 Metal production (before payable metal deductions) (2) Gold (ozs.) 903 758 1,646 1,993 2,039 Silver (ozs.) 257,285 196,435 453,057 687,523 396,448 Copper (tonnes) 54 50 73 87 75 Lead (tonnes) 272 373 241 306 370 Zinc (tonnes) 699 1,380 784 750 1,143 (2) The difference between what we report as "Metal Production" and "Metal Sold" is attributable to the difference between the quantities of metals contained in the concentrates we produce versus the portion of those metals actually paid for according to the terms of our sales contracts. Differences can also arise from inventory changes related to shipping schedules, or variances in ore grades and recoveries which impact the amount of metals contained in concentrates produced and sold. First Quarter 2026 Conference Call The Company will host a conference call on Tuesday, May 12, 2026, at 10:00 a.m. Eastern Time. The conference call will be recorded and posted to the Company’s website later in the day following the conclusion of the call. Following prepared remarks, Allen Palmiere, President and Chief Executive Officer, Armando Alexandri, Chief Operating Officer, and Chet Holyoak, Chief Financial Officer, will host a live question and answer (Q&A) session. There are two ways to join the conference call. To join the conference via webcast, please click on the following link: https://onlinexperiences.com/Launch/QReg/ShowUUID=9408713A-18B6-4113-B697-6504F8C08A29 To join the call via telephone, please use the following dial-in details: Participant Toll Free: +1 (800) 717-1738 International: +1 (289) 514-5100 Conference ID: 05743 Please connect to the conference call at least 10 minutes prior to the start time using one of the connection options listed above. 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. Forward-looking words such as “plan,” “target,” “anticipate,” “believe,” “estimate,” “intend” and “expect” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the anticipated closing timeline for the Transaction. All forward-looking statements in this press release are based upon information available to the Company as of the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company’s actual results could differ materially from those discussed in this press release. Forward-looking statements are subject to risks and uncertainties. Additional risks related to the Company may be found in the periodic and current reports filed with the Securities and Exchange Commission (the “SEC”) by the Company, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as amended (the “2025 Annual Report”), which are available on the SEC’s website at https://www.sec.gov. IMPORTANT INFORMATION FOR INVESTORS AND STOCKHOLDERS This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any securities issued in the Transaction are anticipated to be issued in reliance upon available exemptions from registration requirements pursuant to Section 3(a)(10) of the Securities Act and applicable exemptions under state securities laws. Promptly after filing its definitive proxy statement with the SEC, the Company will send the definitive proxy statement to each stockholder of the Company entitled to vote at the meeting of stockholders relating to the Transaction and the transactions contemplated in connection therewith. This communication is not a substitute for the proxy statement or for any other document that the Company may file with the SEC and send to the Company’s stockholders in connection with the potential transaction. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the proxy statement (when available) and other documents filed with the SEC by the Company through the website maintained by the SEC at http://www.sec.gov. The Company and certain of its respective directors, executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the potential Transaction under the rules of the SEC. Information about the directors and executive officers of the Company is set forth in the 2025 Annual Report. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of such participants in the solicitation of proxies in respect of the potential transaction will be included in the registration statement and proxy statement and other relevant materials to be filed with the SEC when they become available. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260507762629/en/ Chet Holyoak
Chief Financial Officer
Chet.Holyoak@grc-usa.com
www.GoldResourceCorp.com
303-320-7708 Original: Gold Resource Corporation Announces First Quarter 2026 Results
US Market News
3 months ago
Gold Resource Corporation Announces Contract With SLR for Completion of the Back Forty Feasibility StudyApril 13, 2026 5:57 PM
Business Wire
Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced that it has engaged Responsible Mining Solutions Corp. (“RMS”) a part of SLR Consulting Ltd. (“SLR”), to complete a comprehensive feasibility study (the “Feasibility Study”) for the Company’s wholly owned Back Forty project, located in the Upper Peninsula of Michigan.
The Feasibility Study will evaluate technical, economic, and operational parameters associated with the Back Forty project, including mine design considerations, processing options, infrastructure requirements, environmental factors, and project economics. Work under the agreement will commence immediately.
This engagement represents a key milestone in Gold Resource Corporation’s broader growth strategy, as the Company advances its efforts to expand its North American asset base and strengthen its long-term production profile. The Feasibility Study is expected to provide a critical foundation for informed decision making regarding the scope, sequencing, permitting and execution of the project.
SLR was selected based on its extensive experience in mining engineering, mineral economics, and project development, as well as its familiarity with complex feasibility level evaluations. The Company expects the engagement to support not only the initial Feasibility Study but also potential follow-on technical work and permitting support as the project advances.
In October 2023, the Company published a Technical Report Summary (the “TRS”) in compliance with Subpart1300 of Regulation S-K. Using gold prices of $1,800 per ounce, silver prices of $23.30 per ounce and copper prices of $3.90 per pound, the TRS resulted in an IRR of 25.7% and an NPV@6% of $214.5 million. The Company expects that the current commodity environment will result in a significantly higher valuation for the project and support a production decision in the future.
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. Forward-looking words such as “plan,” “target,” “anticipate,” “believe,” “estimate,” “intend” and “expect” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, statements regarding the anticipated scope, timing, results, and potential outcomes of the Feasibility Study, the Company’s broader growth strategy and plans to expand its North American asset base and strengthen its long-term production profile, the potential for follow-on technical work as the project advances, and expectations regarding the impact of the current commodity environment on the value of the project and the Company’s ability to support a future production decision. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Forward-looking statements involve a number of risks and uncertainties such as the ability of the Company and its consultants to complete the Feasibility Study as expected, on the anticipated schedule and within budget; the availability, quality and interpretability of technical data; assumptions and estimates regarding mine design and sequencing, processing options and metallurgical performance, infrastructure requirements, environmental and permitting matters, capital and operating costs, and other factors typically evaluated in feasibility-level studies; commodity price volatility (including changes from the prices used in the TRS), operating risks, risks related to political, regulatory and labor matters, market trends and conditions and other factors discussed in the Company’s periodic reports filed with the Securities and Exchange Commission (the “SEC”), and there can be no assurance that such statements will prove to be accurate. The Company’s actual results could differ materially from those discussed in this press release. Forward-looking statements are subject to risks and uncertainties. Additional risks related to the Company may be found in the periodic and current reports filed with the SEC by the Company, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, which are available on the SEC’s website at www.sec.gov.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260413259293/en/
Allen Palmiere
Chief Executive Officer
720-459-3854
www.GoldResourceCorp.com
Original: Gold Resource Corporation Announces Contract With SLR for Completion of the Back Forty Feasibility Study
US Market News
4 months ago
Gold Resource Corporation Reports Financial Results for the Year Ended December 31, 2025March 18, 2026 5:43 PM
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 model for production planning. Additional definition drilling was completed on multiple veins within the Arista system, including Splay 31, Candelaria, Marena, Santa Helena, Viridiana, and Marena North, as well as the Soledad South vein in the Switchback vein system. Exploration-related underground development advanced throughout the year, positioning the Company to continue expansion drilling in early 2026. In addition, limited surface infill drilling also commenced at the Alta Gracia project in the fourth quarter, focusing on the Mirador vein system.
Corporate and Financial:
The Company closed the year with a $25.0 million cash and cash equivalents balance at December 31, 2025. The increase of $23.4 million from December 31, 2024 is the result of the Company’s focus on improving its cash position, mostly through the issuance of debt and equity in 2025, as well as improved production and higher metal prices.
The Company raised $2.5 million through a registered direct offering in January 2025. In September 2025, the Company closed on a second registered direct offering of $11.4 million for the sale of 25,315,954 shares of the Company’s common stock at a price of $0.45 per share. The Company issued 14,204,846 of these shares, for the fair value of approximately $6.4 million, to fully pay off the term loan received in June 2025, as a non-cash equity settlement.
The Company raised $8.6 million through its At-The-Market Offering Program (the “ATM Program”), after deducting the agent’s commissions and other expenses.
In February 2025, the Company sold its interest in Green Light Metals for $0.9 million in proceeds.
On May 7, 2025, the Company received a tax refund of 79.6 million pesos (approximately $4.0 million) related to DDGM taxes paid in 2023.
Working capital at December 31, 2025, was $32.0 million, a 1,424% increase from the December 31, 2024 working capital of $2.1 million. The increase is primarily driven by the increase in cash and cash equivalents.
2025 Sustaining and Growth Investments Summary
For the year ended December 31, 2025
2025
2024
Sustaining Investments:
Underground Development
$
3,243
$
4,634
Other Sustaining Capital
6,149
2,970
Infill Drilling
1,289
977
Surface and Underground Exploration Development & Other
1,746
65
Subtotal of Sustaining Investments:
12,427
8,646
Growth Investments:
DDGM growth:
Surface Exploration / Other
1,857
1,921
Underground Exploration Drilling
-
38
Underground Exploration Development
8,906
-
Back Forty growth:
Back Forty Project Optimization & Permitting
793
378
Subtotal of Growth Investments:
11,556
2,337
Total Capital and Exploration:
$
23,983
$
10,983
Trending Highlights
2024
2025
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Operating Data
Total tonnes milled
98,889
93,687
83,690
80,367
56,906
63,479
65,131
85,888
Average Grade
Gold (g/t)
1.89
1.27
0.54
0.64
0.70
0.56
1.11
0.96
Silver (g/t)
88
102
83
94
169
115
250
298
Copper (%)
0.37
0.26
0.19
0.20
0.18
0.13
0.16
0.16
Lead (%)
1.25
1.00
1.01
1.12
0.72
0.88
0.63
0.58
Zinc (%)
2.82
2.59
2.63
2.73
1.68
2.72
1.57
1.22
Metal production (before payable metal deductions)
Gold (ozs.)
4,757
2,947
944
1,258
903
758
1,646
1,993
Silver (ozs.)
251,707
263,023
194,525
210,581
257,285
196,435
453,057
687,523
Copper (tonnes)
280
181
93
88
54
50
73
87
Lead (tonnes)
812
616
576
678
272
373
241
306
Zinc (tonnes)
2,310
2,020
1,741
1,734
699
1,380
784
750
Metal produced and sold
Gold (ozs.)
3,557
2,724
1,357
960
859
878
1,422
1,785
Silver (ozs.)
216,535
234,560
181,434
184,804
230,320
150,365
417,710
663,503
Copper (tonnes)
264
197
98
82
50
43
67
80
Lead (tonnes)
667
491
467
548
277
272
212
253
Zinc (tonnes)
1,682
1,771
1,473
1,360
617
1,060
645
618
Average metal prices realized
Gold ($ per oz.)
$ 2,094
$ 2,465
$ 2,561
$ 2,706
$ 2,956
$ 3,350
$ 3,546
$ 4,234
Silver ($ per oz.)
$ 23.29
$ 30.49
$ 30.61
$ 31.11
$ 32.54
$ 34.35
$ 41.39
$ 55.06
Copper ($ per tonne)
$ 8,546
$ 10,428
$ 8,832
$ 8,969
$ 9,656
$ 9,619
$ 9,690
$ 11,224
Lead ($ per tonne)
$ 1,977
$ 2,235
$ 2,065
$ 1,897
$ 1,950
$ 1,887
$ 1,937
$ 1,981
Zinc ($ per tonne)
$ 2,483
$ 2,871
$ 2,854
$ 3,062
$ 2,710
$ 2,607
$ 2,841
$ 3,258
Gold equivalent ounces sold
Gold Ounces
3,557
2,724
1,357
960
859
878
1,422
1,785
Gold Equivalent Ounces from Silver
2,408
2,901
2,169
2,125
2,535
1,542
4,876
8,628
Total AuEq oz
5,965
5,625
3,526
3,085
3,394
2,420
6,298
10,413
Year-End 2025 Conference Call
The Company has elected not to hold a conference call at this time. A conference call will be scheduled in the near future to present operational results.
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. Forward-looking words such as “plan,” “target,” “anticipate,” “believe,” “estimate,” “intend” and “expect” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, (i) the Company’s expectations regarding productivity, cash flow and operating income; (ii) Company’s anticipated near-term capital needs and potential sources of capital; and (iii) the Company’s ability to achieve production targets. All forward-looking statements in this press release are based upon information available to the Company as of the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company’s actual results could differ materially from those discussed in this press release. Forward-looking statements are subject to risks and uncertainties. Additional risks related to the Company may be found in the periodic and current reports filed with the Securities and Exchange Commission by the Company, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, which are available on the SEC’s website at www.sec.gov.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260318278370/en/
For further information, please contact:
Chet Holyoak
Chief Financial Officer
Chet.Holyoak@grc-usa.com
www.GoldResourceCorp.com
303-320-7708
Original: Gold Resource Corporation Reports Financial Results for the Year Ended December 31, 2025
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