NYSEARCA:GORO - NYSE Arca - US38068T1051 - Common Stock - Currency: USD
Gold Resource announces $2.5M direct offering at $0.16 per share. As per the company's recent update, operations improved, but additional funding needed for future production.
Gold Resource Corporation (AMEX:GORO) shares declined premarket on Tuesday after the company disclosed a registered direct offering of up to 15.63 million shares at $0.16 per share. The company aims to raise approximately $2.5 million. The offering is expected to close within 10 days, pending customary conditions. Last month, Gold Resource provided an update on its operations and liquidity, noting improved production at the Don David Gold Mine in November compared to earlier in the fourth quarte
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GORO stock results show that Gold Resource met analyst estimates for earnings per share but beat on revenue for the first quarter of 2024.
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