Gold Resource Corporation Secures $6.28 Million Loan Facility to Boost Don David Gold Mine Production

Reuters
Jun 30
Gold Resource Corporation Secures $6.28 Million Loan Facility to Boost Don David Gold Mine Production

Gold Resource Corporation has successfully secured a US$6.28 million debt facility through a loan agreement with Francisco Javier Reyes de la Campa and Jaluca Limited. Announced on June 26, 2025, the funding will support working capital, enabling the development and production of the Three Sisters area at the Don David Gold Mine. The loan will also facilitate the purchase of replacement mining equipment and mill upgrades. This facility, with a term of 18 months and an interest rate of SOFR plus 5% per annum, is set to mature on December 26, 2026. Additionally, the agreement includes a warrant issuance for 1,500,000 shares of the company's common stock at an exercise price of $0.65, expiring on June 26, 2027. These strategic financial moves aim to boost the company's productivity and profitability.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001558370-25-008977), on June 30, 2025, and is solely responsible for the information contained therein.

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