4/6/2023 0 Comments Goro stock price![]() ![]() Therefore, we will suspend the quarterly dividend until such time that it may become practicable to reinstate. These targets are higher in the vein systems where we have historically seen higher precious metal grades.Īt this time, the Board of Directors and Management feel the best way to maximize shareholder value is to protect our balance sheet and focus our capital resources on exploration and growth opportunities. Those technical challenges have been addressed and we are well positioned to conduct step-out drilling in multiple highly prospective areas of Switchback and Arista. In 2022, we faced several technical challenges that slowed drift extensions to multiple underground targets. We continue to be optimistic that underground exploration targets will return favorable results that will both provide improved overall mineral grades and extend the life of the mine. Guidance is based on approximately 4,200 tonnes of lead sold at an $0.91 per pound metal price, approximately 1,200 tonnes of copper sold at a $3.80 per pound metal prices, and 11,200 tonnes of zinc sold at a $1.40 per pound metal price. GAAP.Ĭo-product credits directly impact the Cash Costs and AISC per AuEq ounce calculation. ![]() Please see the “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Non-GAAP Measures” for a complete definition and explanation of non-GAAP measures and how they reconcile to U.S. I remain optimistic that this year will provide opportunities to grow the Company in new directions.”Ĭash Costs after by-product credits per gold equivalent (“AuEq”) ounce 1, 2Īll-in Sustaining Costs after by-product credits per AuEq ounce 1, 2Ĭalculations of cash cost after co-product credits per gold equivalent ounce and all-in sustaining cost after co-product credits per gold equivalent ounce are non-GAAP financial measures. With the Back Forty Project, we will continue work on the feasibility study with a deliberate and measured approach. More importantly, we are eager to advance the exploration drilling at a number of highly prospective underground targets in Mexico. We will continue identifying operational efficiencies and cost improvement opportunities in 2023 however, as per our 2023 guidance, lower gold grades will result in less production in 2023 than 2022 and further significantly contribute to an increased Cash Costs and All-in Sustaining Costs. Further, I remain very proud of how our workforce embraced our objectives and values around safety, operational process improvement and collaboration with our internal and external stakeholders. Fundamental company data provided by Morningstar, updated daily.Allen Palmiere, President and CEO, said, “2022 was a challenging year for the Company on a number of fronts however, we made excellent strides with our operations, capital and exploration programs. Stock quotes provided by InterActive Data. The gurus listed in this website are not affiliated with, LLC. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Past performance is a poor indicator of future performance. In no event shall be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on, or relating to the use of, or inability to use, or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Gurus may be added or dropped from the GuruFocus site at any time. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. ![]() Under no circumstances does any information posted on represent a recommendation to buy or sell a security. This investment adviser does not provide advice to individual investors. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. ![]() is not operated by a broker or a dealer. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |