Gold Resource Corp (GORO)

[Gene_Simmons]

CHECK THIS OUT !! Great Spin off news !!


Colorado Springs, Colorado – January 27, 2021 – Fortitude Gold Corp. (the “Company”) today announced preliminary 2020 year-end and fourth quarter production results. The Company produced 29,479 ounces of gold for the 2020 production year, including 12,732 ounces of gold during the fourth quarter, a 62% gold production increase over the prior quarter. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A.

Preliminary fourth quarter production totaled 12,732 ounces of gold, a gold production increase of 62% over the prior quarter during the Isabella Pearl Mine production ramp up. During the fourth quarter the Company regularly accessed higher grade portions of the Pearl zone, while also continuing to mine the lower grade Isabella zone. The Isabella Pearl mine produced 29,479 ounces of gold during the 2020 production year and is positioned to produce its targeted 40,000 ounces of gold (a range of 36,000 to 40,000 gold ounces) during the 2021 production year, assuming no disruptions from the COVID-19 global pandemic or unforeseen operational challenges.