Gold Resource Corp (GORO)

[the cork]

It's always something. Apparently the zinc smelting fees shot up eating up the gains made in other metals. Here's the way it was explained to me:

Treatment charges for zinc concentrates hit all time highs in 2020 due to a portion of Chinese smelting capacity coming off line for environmental upgrades.

Less smelter space available for zinc producers means zinc smelters can raise the charges they apply to producers to process their product.

2020 zinc treatment charges started the year at close to $400 per tonne.

Charges have come down during the 2020 year as Chinese capacity has come back on line, but GORO is contractually locked into terms for the 2020 year. Current “spot” zinc treatment charges are approximately $225 per tonne, so prices have moved down significantly.

2021 is looking to be much better with lower treatment charges.


That should help a lot.

Isabella Pearl Project (Nevada) ramping up from 3,000 ounces per quarter to 10,000 ounces per quarter should move the needle too.

Between that and rising metals prices we'll be fine.

This latest raid is just the banksters trying to save their ass from a 34 B short position.

This too shall pass !!!

GL.