28 Oct 2010securities registration● Neutral
GOLD RESOURCE CORP filed notice of an exempt private placement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Oct 2010director interest notice● Neutral
GOLD RESOURCE CORP Chief Executive Officer William W Reid sold 36,000 shares.
25 Oct 2010director interest notice● Neutral
GOLD RESOURCE CORP Chief Executive Officer William W Reid sold 1,018 shares.
22 Oct 2010securities registration● Neutral
GOLD RESOURCE CORP registered a securities offering with the SEC.
23 Sept 2010capital raising announcement▲ GoodMajor
On September 19, 2010 the company agreed to sell 3,475,000 shares at $16 each ($55.6 million gross) to several institutional buyers, and completed the sale on September 23, 2010. This is the first raise in this history from investors other than Hochschild and is placed through Jefferies & Company, which was paid a $3,336,000 commission. The company must file to register the shares for resale within 30 days of closing. The filing does not state how the proceeds will be used.
21 Sept 2010capital raising announcement▲ Good
On September 20, 2010 the company announced it had signed agreements for a private placement of its stock and furnished the press release and an investor presentation; the filing text itself gives no terms (these appear in the related September 23 filing). The presentation states El Aguila began commercial production July 1, 2010, the stock is newly listed on NYSE Amex, Hochschild holds about 29% and has invested $65.2 million since December 2008, and special cash dividends of $0.03 per share were declared July 29 and August 31, 2010. It also states targets of 60,000-70,000 ounces of gold from the open pit in the first 12 months and underground La Arista production starting July 1, 2011; these are company targets, not proven reserves.
3 Sept 2010director interest notice● Neutral
Frank L Jennings became a GOLD RESOURCE CORP Chief Financial Officer and company insider (initial ownership filing).
27 Aug 2010director interest notice● Neutral
William W Reid became a GOLD RESOURCE CORP Chief Executive Officer and company insider (initial ownership filing).
27 Aug 2010listing compliance notice▲ GoodMajor
the New York Stock Exchange certified GOLD RESOURCE CORP's securities for listing, clearing them to begin trading.
27 Aug 2010director interest notice● Neutral
David C Reid became a GOLD RESOURCE CORP Executive VP & Secretary and company insider (initial ownership filing).
27 Aug 2010director interest notice● Neutral
Frank L Jennings became a GOLD RESOURCE CORP Chief Financial Officer and company insider (initial ownership filing).
27 Aug 2010director interest notice● Neutral
Tor Falck became a GOLD RESOURCE CORP director and company insider (initial ownership filing).
27 Aug 2010director interest notice● Neutral
Bill M Conrad became a GOLD RESOURCE CORP director and company insider (initial ownership filing).
27 Aug 2010director interest notice● Neutral
Hochschild Mining PLC became a GOLD RESOURCE CORP 10%+ owner and company insider (initial ownership filing).
27 Aug 2010director interest notice● Neutral
Jason D. Reid became a GOLD RESOURCE CORP President and company insider (initial ownership filing).
27 Aug 2010director interest notice● Neutral
Isac Burstein became a GOLD RESOURCE CORP director and company insider (initial ownership filing).
9 Aug 2010quarterly activities report▼ Bad
GOLD RESOURCE CORP reported a quarterly net loss of $5.8 million for the period ended 2010-06-30.
1 June 2010capital raising announcement▲ Good
On May 26, 2010 the company agreed to sell Hochschild 631,579 shares at $9.50 ($6,000,000), again under Hochschild's right of first refusal from the 2008 alliance. Proceeds are for corporate overhead and continued development of the El Aguila mill and mine.
7 May 2010quarterly activities report▼ Bad
GOLD RESOURCE CORP reported a quarterly net loss of $7.3 million for the period ended 2010-03-31.
10 Mar 2010capital raising announcement▲ Good
On March 8, 2010 the company agreed to sell Hochschild 600,000 shares at $8.62 ($5,172,000), again under Hochschild's right of first refusal from the 2008 alliance. Proceeds are for corporate overhead and continued development of the El Aguila mill and mine. The press release says Hochschild's holding is now 28.7% (including about 440,500 shares bought on the open market), and that first concentrate production began February 3, 2010 at the El Aguila mill.
24 Feb 2010director interest notice● Neutral
Hochschild Mining PLC became a GOLD RESOURCE CORP 10%+ owner and company insider (initial ownership filing).
11 Feb 2010securities registration● Neutral
GOLD RESOURCE CORP filed the final prospectus for a registered offering.
29 Jan 2010substantial holder notice● Neutral
TOCQUEVILLE ASSET MANAGEMENT LP disclosed a new substantial GOLD RESOURCE CORP shareholding (8.02% of votes).
25 Jan 2010securities registration● Neutral
GOLD RESOURCE CORP filed the final prospectus for a registered offering.
21 Jan 2010securities registration● Neutral
GOLD RESOURCE CORP amended an already-effective registration statement.
23 Dec 2009capital raising announcement▲ GoodMajor
On December 17, 2009 the company agreed to sell Hochschild 1,954,795 shares at $8.185 ($15,999,997.10), again using Hochschild's right of first refusal from the 2008 alliance. $8,000,000 is reserved solely for building the underground ramp and tunnels for the La Arista vein, held in a joint-signature account, and $1,500,000 goes into the existing exploration account to replenish funds spent from it. The press release says this lifts Hochschild's holding to about 27%, and that the earlier $4M account (of which $3.5M remains) will now be used only for exploration.
20 Nov 2009substantial holder notice● Neutral
TOCQUEVILLE ASSET MANAGEMENT LP disclosed a new substantial GOLD RESOURCE CORP shareholding (7.90% of votes).
10 Nov 2009late filing notice▼ Bad
GOLD RESOURCE CORP notified the SEC that its quarterly report would be filed late.
7 Oct 2009securities registration● Neutral
GOLD RESOURCE CORP amended an already-effective registration statement.
22 July 2009capital raising announcement▲ GoodMajor
On July 20, 2009 the company closed the second part of the Hochschild sale, selling the remaining 3,750,000 shares at $4.00 for $15,000,000, which brings the total to $20,000,000. This completes the June 30 agreement, and $4,000,000 was put into a restricted account needing both parties' signatures, to be used only for exploration.