Gold Resource Corp (GORO)

[Neverhadawinner]

The latest PR from GORO leaves me sick. All year the fact that a solid Gold Mining company would decide to split up was confusing. All the top executives left for Fortitude and the new CEO added a bunch of no names to GORO.

But now I see a good reason for the breakup. This Latest PR is pure "WOKE". Millions have been spent and the major focus of management has been to achieve what? more in ground proven reserves, more gold production, a more efficient production process?

Nope, Here is their great achievements for 2020:
A 38% decline in greenhouse gas emissions (or 23% decline related to tons of CO2 equivalent produced per tonne of ore processed).
A 14.8% decline in the fresh water withdrawn per tonne of ore processed.
A 31% decline in the fresh water consumed per tonne of ore processed.
The percentage of tailings recycled through the paste plant rose to 26% from 5.7% in 2019.

The declines in tons of CO2 equivalent are largely due to the conversion to the electrical grid from diesel generating capacity.

Now remember the mine was shut down for at least three months. It may have rained more in 2020 on the leach pads. I would hope we would re-use the water we use on the leach pads. And we are re-running our tailings because our collection process is flawed?

This company is sick. I hope to find a breakeven exit point soon.