GORO - Boy I hope so. All you have to do is look at GDX and GDXJ. It certainly seems like investors are more than willing to look past covid related shutdowns for most companies. Not sure why that isn't the case here.
I don't own the stock anymore but I do own a bunch of $2.5 strike Dec calls that will pay handsomely if the stock ends up in the $5-$6 range where I expected to see it get to by EOY.
Silver is nearly $20/oz now. C'mon Mr. Market, lets giddyup
EDIT - I had a misread on the summary posted earlier. They're not updating production guidance because they WITHDREW it earlier in the year. It sounds like things are going well at Oaxaca after they started back up
11:53 AM EDT, 07/15/2020 (MT Newswires) -- Gold Resource(GORO) on Wednesday reported preliminary Q2 consolidated production of 7,649 ounces of gold and 191,232 ounces of silver and significant base metals.
Preliminary Q2 production at the company's Nevada Mining site totaled 5,208 ounces of gold, which represents a 41% increase compared to the previous quarter. The company said it remains on track for its target gold production ramp up into Q4 to meet its production target of 40,000 gold ounces in 2021.
Meanwhile, preliminary Q2 production at its Oaxaca Mining site totaled 2,441 ounces of gold, 185,330 ounces of silver, 246 tonnes of copper, 1,440 tonnes of lead and 3,004 tonnes of zinc. The company boosted production in June and July at this site after temporarily suspending operations due to the ongoing COVID-19 pandemic.
Gold Resource (GORO) said it will not updating its 2020 production outlook after withdrawing it earlier this year due to the pandemic.
Where powers are assumed which have not been delegated, a nullification of the act is the rightful remedy: that every State has a natural right [...] to nullify of their own authority - Thomas Jefferson
