Gold Resource reports Q3 production drop; mine may close if $15M not raised by November 2024

GOLD RESOURCE CORP

Q3 AuEq sales fell to 3,526 oz from 6,532 oz YoY; gold sold 1,357 oz (down 66%).
Mill throughput dropped to 83,690 tonnes (Q3 2023: 116,626); gold grade fell to 0.54 g/t.
Company needs ~$15M ($7M for equipment/mill upgrades + $8M working capital) to develop new zones.
Without financing, mine operation may not continue beyond November 2024, possibly leading to care-and-maintenance.
Management cites aging equipment, mechanical issues, and wet ore handling as causes.

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