Value Microcaps Junior Miners

[checkmate28]

Gold Resource GORO (Bad news)reports Q3 production of 17.2K gold equiv. oz., which brings total YTD production to ~65.1K gold equiv. oz

Q3 production fell 28% Q/Q as slower than expected mine development resulted in fewer tons delivered to the Aguila Mill; GORO says the production issues revealed needed managerial changes at the Arista mine, which are underway.

They acted swiftly and fired the General Manager and hired Mr. Oscar Zelaya former GM of Endeavor silver


GORO also maintains its 2014 outlook at 85K-100K gold equiv. oz. So they are hoping to hit the lower end of guidance for the year.

Coincidentally I had a call into GORO IR and I received that call right after the news came out.

Only thing I can add, is that there were a few problems with water and that they are back on track.
Im not to excited but will hold my shares. Expecting a dip tomorrow.