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Gold Resource ( (GORO) ) has provided an update.
Gold Resource Corporation has reported an illegal blockade at its Don David Gold Mine in Oaxaca, Mexico, after four contractors providing camp support, security, ore haulage, water haulage and employee transportation were terminated following notice from the CTM union that they were no longer affiliated with it. Around 20 employees of the affected contractors have blocked access to the mine, forcing a temporary stoppage of mining and processing activities, though the company stresses the dispute is internal to union factions and the contractors, not with the company itself, and says it is prepared to resume operations once the blockade is lifted while prioritizing site stability, personnel safety and environmental protection, with further updates to come as the situation evolves.
The most recent analyst rating on (GORO) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Gold Resource stock, see the GORO Stock Forecast page.
Spark’s Take on GORO Stock
According to Spark, TipRanks’ AI Analyst, GORO is a Neutral.
The score is held back primarily by weak financial performance (large losses, negative gross profit, and negative free cash flow with a reduced equity base). Offsetting this are improving technical trends (price above key moving averages with positive momentum) and an earnings-call narrative showing early operational turnaround in Oaxaca/Three Sisters, though execution risks (safety, equipment delays, and higher mining costs) remain.
To see Spark’s full report on GORO stock, click here.
More about Gold Resource
Gold Resource Corporation is a gold and silver producer, developer and explorer with operations centered on the Don David Gold Mine in Oaxaca, Mexico. Guided by an experienced board and senior leadership team, the company aims to unlock additional value from its existing infrastructure and extensive land position around the Don David operation, while also advancing its Back Forty Project in Michigan, USA.
Average Trading Volume: 2,939,322
Technical Sentiment Signal: Buy
Current Market Cap: $241M
For an in-depth examination of GORO stock, go to TipRanks’ Overview page.