Gold Resource Corporation Secures $6.28 Million Loan to Boost Don David Gold Mine Expansion and Equipment Upgrades

Reuters

Jun 27

Gold Resource Corporation Secures $6.28 Million Loan to Boost Don David Gold Mine Expansion and Equipment Upgrades

Gold Resource Corporation (NYSE American: GORO), together with its wholly owned subsidiary Don David Gold Mexico, has successfully secured a US$6.28 million debt facility through a loan agreement with Francisco Javier Reyes de la Campa and Jaluca Limited. The funds will be allocated to enhance operations at the Don David Gold Mine, including development of the new Three Sisters area, acquisition of replacement mining equipment, and mill upgrades. The loan, carrying an interest rate of the Secured Overnight Financing Rate $(SOFR)$ plus 5% per annum, is set for a term of 18 months, maturing on December 26, 2026. Additionally, a common stock purchase warrant for 1,500,000 shares at an exercise price of $0.65 has been issued, expiring on June 26, 2027. This financial move is intended to bolster the company's productivity and profitability strategy.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gold Resource Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250626719587) on June 26, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gold Resource Corporation published the original content used to generate this news brief via Business Wire (Ref. 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