Let me add a fourth, Dew.
GORO, up 15.5% (65 cents) to close at 4.83 which is 142% over its 12 month low of 2 bucks. Today's rise was due to the company receiving the final permit of begin operation of its open above ground mine , see pr below. I thought I posted this news last night as there was a pr last night but apparently did not. There are some final touches left to complete the mill including installation of the ball mills but this should be done in weeks not months. Permits will be needed before the nearby, maybe 30 or so miles away, underground mines can operate but this permit clearly suggests Mexico's backing of Gold Resources and future permits shouldn't be a problem. There is a previous post or two on GORO with some links. The main attraction imo is very rich gold and silver ore with some base metals which should just about cover production costs.
John
Gold Resource Corporation Obtains Federal Open Pit Permit to Mine atIts El Aguila Project
Aug 13, 2009 19:04:50 (ET)
DENVER, CO, Aug 13, 2009 (MARKETWIRE via COMTEX) -- Gold Resource Corporation (GRC) (GORO, Trade ) (FRANKFURT: GIH) is pleased to report that it has been granted and is in possession of the Mexican Federal permit to mine the Aguila Project's open pit deposit in the southern state of Oaxaca, Mexico. GRC targets production at its El Aguila Project in 2009, subject to equipment delivery and construction schedules.
About GRC:
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in four potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 46,095,489 shares outstanding and no warrants. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.
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