Value Microcaps Junior Miners

[checkmate28]

What It REALLY Costs To Mine Silver: The Gold Resource Corporation Second Quarter Edition

Nice article comparing GORO's cash costs in Silver EQ vs the other silver miners. Also highlighting GORO CF, liquidity & reduced cash costs for Q213.

Going forward, they guide for even further cost reductions that may put them in the elite for lowest cash cost silver producer, as they finish their expansion of the mill that nearly doubles production capacity.

Things must not be to bad, as they just announced another $16 million in dividends to shareholders yesterday.

I think the metal market, Hothchild selling, and the mgt change have over done the sell off and presented a good value situation for GORO. Higher POG, lower costs and higher production are in the future reducing risk to GORO shares IMO.

Hothchild, has alot of CAPEX needs and probably is raising cash for their own operations.


http://seekingalpha.com/article/1787152-what-it-really-costs-to-mine-silver-the-gold-resource-corporation-second-quarter-edition