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Mining Capital

Gold Resource CEO confident the Isabella Pearl project in Nevada will more than double its gold production

Gold Resource Corp (NYSE American: GORO) CEO Jason Reid tells Proactive Investors the gold mining company expects to increase gold production by more than 100% after securing final permits for its Isabella Pearl open pit heap leach gold project in Mineral County, Nevada.

Reid says close to 200,000 gold ounces are proven and probable at Isabella Pearl, targeting to recover 153,000 ounces after mining dilution, putting the company on a trajectory to target 40,000 ounces on average per year. Reid adds there is upside potential to expand the deposit and find nearby deposits to targets.

 

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