Gold Resource Corporation Resumes Development of Back Forty Project in Michigan
Reuters
Dec 04
Gold Resource Corporation Resumes Development of Back Forty Project in Michigan
Gold Resource Corporation has reported strong initial production results from the Three Sisters area at its Don David Gold Mine in Oaxaca, Mexico. Over a recent two-week period, the mine exceeded planned production targets, with tonnes mined up by 40% and net smelter return $(NSR)$ values up by 91% compared to expectations. Additionally, the company announced it is resuming development work on the Back Forty Project in Michigan, including plans to complete a feasibility study and begin permitting. A recent technical report indicates that rising gold prices could significantly increase the project's net present value, making it more economically attractive.
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