NewMediaWire
2020-04-22
Colorado Springs, CO - (NewMediaWire) - April 22, 2020 - Gold Resource Corporation (NYSE
American: GORO) (the “Company”) announced today that
Mexico extended its national health emergency for another 30 days until May 30,
2020 to combat the spread of the COVID-19 virus. The extension order was
published April 21, 2020 in the Official Gazette of the Federation and extended
the original order set until April 30, 2020. This suspension order
continues the temporary closure of the Company’s Oaxaca Mining Unit operations
in Mexico. The Mexican government has signaled it is evaluating zones
with the least COVID-19 impact for potential earlier start-up.
The COVID-19 impact map
provided by the government shows Oaxaca among the least impacted zones in
Mexico. The Company is finalizing its proposed start-up plan to submit to
the Federal Government requesting an earlier potential start-up date.
While the Company’s Oaxaca Mining Unit is prepared to remain closed until the
new extended May 30, 2020 date if needed, the plan to be submitted includes a
staged ramp-up focused on utilizing local workforce first with a potential
quarantine period for those that would be returning to work from outside the
local area. The Company is also working closely with the local towns and
citizens prioritizing safety first.
The Company’s Nevada Mining
Unit continues to operate while taking numerous precautionary measures to keep
its employees and contractors safe. The Company is also donating to local
food banks and other social programs in the communities around both mining
units and in the cities where it has offices. As this unprecedented
situation continues to evolve on often an hourly basis, we appreciate our
shareholders’ support as we navigate the impacts of the COVID-19 pandemic on
the business world.
Cautionary Statements:
This press release contains
forward-looking statements that involve risks and uncertainties. The statements
contained in this press release that are not purely historical are
forward-looking statements within the meaning of Section 27A of the Securities
Act and Section 21E of the Exchange Act. When used in this press release, the
words “plan”, “target”, "anticipate," "believe,"
"estimate," "intend" and "expect" and similar
expressions are intended to identify such forward-looking statements. Such
forward-looking statements include, without limitation, the statements
regarding Gold Resource Corporation’s strategy, future plans for production,
future expenses and costs, future liquidity and capital resources, and
estimates of mineralized material. All forward-looking statements in this press
release are based upon information available to Gold Resource Corporation on
the date of this press release, and the company assumes no obligation to update
any such forward-looking statements. Forward looking statements involve a
number of risks and uncertainties, and there can be no assurance that such statements
will prove to be accurate. The Company's actual results could differ materially
from those discussed in this press release. In particular, the scope, duration,
and impact of the COVID-19 pandemic on mining operations, Company employees,
and supply chains as well as the scope, duration and impact of government
action aimed at mitigating the pandemic may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking information. Also, there can be no assurance that
production will continue at any specific rate. Factors that could cause
or contribute to such differences include, but are not limited to, those
discussed in the Company’s 10-K filed with the SEC.
Contacts:
Corporate Development
Greg Patterson
303-320-7708
www.goldresourcecorp.com