Gold Resource Corp. (NYSE American: GORO) (the "Company", "we", "our" or "GRC") announced today, in response to unusual market activity, and after speaking with its officers, directors, and other relevant persons, that it is unaware of the reason behind recent stock price volatility. The Company confirms that there is no material corporate development relating to its business and affairs that has not been previously announced.
"Gold Resource Corp. remains committed to continuous improvement at our core Don David Gold Mine and to delivering long-term value to our shareholders," stated Allen Palmiere, the Company's CEO and President. "We are focused on executing on our strategic initiatives. It is not our normal policy to comment on any volatility in our stock price; however, given the magnitude of the recent decline, we wanted to take this opportunity to provide clarity and address market concerns and we thank our shareholders for their continued support."
Gold Resource Corp. is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of an experienced board and senior leadership team, the company's focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico and to develop the Back Forty Project in Michigan, USA. For more information, please visit GRC's website, located at www.goldresourcecorp.com and read the company's Form 10-K for an understanding of the risk factors associated with its business.
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