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Gene_Simmons

03/03/20 2:45 AM

#3394 RE: GORO2020 #3393

SOLID REPORT AND EXCELLENT FUTURE!

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Neverhadawinner

03/03/20 5:23 PM

#3401 RE: GORO2020 #3393

GORO

The 10K on shows the 4th quarter was a wash. Only $173,000 net for the quarter. Really a disappointing quarter and year for GORO. The Nevada operation is really not producing well compared to expenses. Gold recovery rate of 1.09 g/t. Even the boys on "Gold Rush" would not process this stuff. Of the 6 million tons moved in 2019, 4.5 million was waste. Much of the rest was at the 0.49 g/t level and placed into inventory (reason why inventory was $7 million on balance sheet). They said today on the conference call they are getting into better material. We shall see.