Gold Resource Corporation (AMEX:GORO) Q1 2023 Earnings Call Transcript

Allen Palmiere : Currently, it’s running about between three and four weeks. The lab we’re using is being reasonably responsive. Ideally for exploration, you would have it on a two or three-week turnaround. That’s just not possible today. But three to four weeks isn’t bad. That’s for virtually all of our drilling. We’re actually sending our infill drilling out to external assay as well so that we can incorporate the results of the infill into our resource modeling. It’s not bad. Is it perfect? No, but it’s not bad. If you look at the turnaround from drill — pulling the drill core to getting the assays, you’ve got about two weeks for cutting cores, sample prep, shipping into the lab, and then you’ve got a three to four-week turnaround at the lab.

Marcus Giannini : Okay. Perfect. Yes. I mean considering the last couple of years and some of the wait times there, yes, that’s not bad like you said. All right. Well, thanks for taking my questions. That’s it for me.

Operator: There are no further questions at this time. Please proceed.

Allen Palmiere : Thank you, operator. I would like to take this opportunity to thank everyone for participating. As we had indicated earlier, 2023 is going to be a challenging year for us in terms of metal production, primarily because the areas within which we are mining currently have lower grades than we had in prior years. We’re getting the benefit currently of a nice uptick in grade because of a zone that we’re exploiting. So we’re running a bit ahead of our guidance. We actually expect that towards the latter half of this year, we’ll trend back down towards our guidance. It will be a difficult year, but it’s one that, given our new team, we are very optimistic about, and we’re expecting good performance. We will keep you all apprised of any material changes that happened before. We have this conference at the end of Q2. I would thank you all for participating, and I hope you all have a great day. Thank you.

Operator: Ladies and gentlemen, this concludes your conference call for today. We thank you for participating and ask that you please disconnect your lines.