Latest news with #GoldResourceCorporation
Yahoo
08-07-2025
- Science
- Yahoo
Ancient Menominee grew tropical corn farther north than expected, surprising researchers
In a stunning discovery — both in agricultural sophistication and geographic location — researchers have found ancestors of the Menominee Nation of Wisconsin were growing tropical corn in Michigan's Upper Peninsula about 1,000 years ago. Last month Dartmouth researchers discovered the most complete ancient agricultural site so far in the eastern half of the U.S., along the Menominee River just across the Wisconsin border. Researchers said the Sixty Islands archaeological site features a raised ridge field system, with a more extensive maize, or corn, system than anyone imagined. It is a tropical plant, and many Western researchers previously believed it was mostly grown in tropical to subtropical regions. They were astounded that Menominee could grow so much in a cold climate with a relatively short growing season. 'The scale of this agricultural system by ancestral Menominee communities is 10 times larger than what was previously estimated,' said lead author Madeleine McLeester, an assistant professor of anthropology at Dartmouth, in a published article. 'That forces us to reconsider a number of preconceived ideas we have about agriculture not only in the region, but globally.' Beans and squash also were grown at the site, completing the 'Three Sisters' farming system created by Indigenous peoples. The crops work together naturally to protect each other from pests and disease. 'When you look at the scale of farming, this would require the kind of labor organization that is typically associated with a much larger, state-level hierarchical society,' said McLeester in the Dartmouth article. 'Yet, everything we know about this area suggests smaller egalitarian societies lived in this region. But, in fact, this may have been a rather large settlement.' The site is part of what's known to Menominee as Anaem Omot, translated to 'Dog's Belly,' and is where Menominee believe they were created near the mouth of the Menominee River at least 10,000 years ago. Along with raised ancient agricultural fields, the site also contains burial mounds, hammered metal artifacts, unmarked graves, ancient medicine lodges and dance rings associated with the Menominee Dream Dance. It remains a place of spiritual pilgrimage for Menominee living in Wisconsin. For years, the Menominee Nation has fought against mining at the site. Canada-based Aquila Resources had hoped to start its Back 40 Mine, which would extract gold, silver, zinc and copper. Aquila Resources was acquired in 2021 by Gold Resource Corporation. The Menominee has argued it would harm the environment, in particular affecting the region's water, which is historically significant to the tribe. With the help of Menominee Tribal Historic Preservation Officer David Grignon and the late archaeologist David Overstreet, the tribe was able to convince Western authorities to place the site on the National Register of Historic Places in 2023. The designation creates an extra layer of protection from harmful development. 'It was a long time in coming, but now our sacred sites, mounds and historic sites on the Menominee River at Sixty Islands are recognized,' Grignon said. Stefanie Tsosie, an attorney with Earthjustice, which has helped the tribe, said the historic designation is the same kind found in many cities usually represented by plaques on historic buildings. 'It doesn't outright prevent development,' she said. 'It's just an extra layer of regulation or extra layer of consideration that needs to happen.' This article originally appeared on Milwaukee Journal Sentinel: Menominee grew tropical corn farther in U.P., stunning researchers
Globe and Mail
27-06-2025
- Business
- Globe and Mail
Gold Resource Corporation Closes US$6.28M Debt Facility
Gold Resource Corporation (NYSE American: GORO) (the 'Company'), along with its wholly owned subsidiary, Don David Gold Mexico ('DDGM'), is pleased to announce the execution of a loan agreement with Francisco Javier Reyes de la Campa and Jaluca Limited in the amount of US$6.28 million, to be used for working capital. 'The funds from this loan will allow us to develop and begin production from the new Three Sisters area of our Don David Gold Mine,' said Allen Palmiere, the Company's President and CEO. 'Additionally, we will be purchasing replacement mining equipment and funding upgrades in the mill. This loan and the proceeds of equity issuances earlier in the year provide us with the capital to execute on our plans to increase productivity and profitability.' In connection with the loan agreement, the Company has also issued a common stock purchase warrant to an affiliate of Mr. Reyes de la Campa for the purchase of up to 1,500,000 shares of the Company's common stock at an exercise price per share of $0.65. The warrant is exercisable immediately upon issuance and expires on June 26, 2027. The warrant provides for customary adjustments in the event of stock dividends, splits and the like, and includes terms relating to the occurrence of a fundamental transaction, such as a merger, reorganization or recapitalization. Key Facility Details The key terms of the facility include the following: Facility Amount – US$6,280,000 Term – 18 months, with maturity date of December 26, 2026 Interest Rate – Secured Overnight Financing Rate ('SOFR') plus 5% per annum Repayment – Principal amount of the loan, all accrued interest, and all other obligations are due and payable in full, if not paid earlier, on the maturity date Warrant – Provides for the issuance of warrants for 1,500,000 shares of the Company's common stock for an exercise price per share of $0.65 and expires on June 26, 2027. About GRC: Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Base metals, critical to the United States, are also produced as a by-product. 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.
Yahoo
26-06-2025
- Business
- Yahoo
Gold Resource Corporation Closes US$6.28M Debt Facility
DENVER, June 26, 2025--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the "Company"), along with its wholly owned subsidiary, Don David Gold Mexico ("DDGM"), is pleased to announce the execution of a loan agreement with Francisco Javier Reyes de la Campa and Jaluca Limited in the amount of US$6.28 million, to be used for working capital. "The funds from this loan will allow us to develop and begin production from the new Three Sisters area of our Don David Gold Mine," said Allen Palmiere, the Company's President and CEO. "Additionally, we will be purchasing replacement mining equipment and funding upgrades in the mill. This loan and the proceeds of equity issuances earlier in the year provide us with the capital to execute on our plans to increase productivity and profitability." In connection with the loan agreement, the Company has also issued a common stock purchase warrant to an affiliate of Mr. Reyes de la Campa for the purchase of up to 1,500,000 shares of the Company's common stock at an exercise price per share of $0.65. The warrant is exercisable immediately upon issuance and expires on June 26, 2027. The warrant provides for customary adjustments in the event of stock dividends, splits and the like, and includes terms relating to the occurrence of a fundamental transaction, such as a merger, reorganization or recapitalization. Key Facility Details The key terms of the facility include the following: Facility Amount – US$6,280,000 Term – 18 months, with maturity date of December 26, 2026 Interest Rate – Secured Overnight Financing Rate ("SOFR") plus 5% per annum Repayment – Principal amount of the loan, all accrued interest, and all other obligations are due and payable in full, if not paid earlier, on the maturity date Warrant – Provides for the issuance of warrants for 1,500,000 shares of the Company's common stock for an exercise price per share of $0.65 and expires on June 26, 2027. About GRC: Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Base metals, critical to the United States, are also produced as a by-product. 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. View source version on Contacts Allen PalmiereChief Executive 720-459-3854 Sign in to access your portfolio
National Post
26-06-2025
- Business
- National Post
Gold Resource Corporation Closes US$6.28M Debt Facility
Article content DENVER — Gold Resource Corporation (NYSE American: GORO) (the 'Company'), along with its wholly owned subsidiary, Don David Gold Mexico ('DDGM'), is pleased to announce the execution of a loan agreement with Francisco Javier Reyes de la Campa and Jaluca Limited in the amount of US$6.28 million, to be used for working capital. Article content 'The funds from this loan will allow us to develop and begin production from the new Three Sisters area of our Don David Gold Mine,' said Allen Palmiere, the Company's President and CEO. 'Additionally, we will be purchasing replacement mining equipment and funding upgrades in the mill. This loan and the proceeds of equity issuances earlier in the year provide us with the capital to execute on our plans to increase productivity and profitability.' Article content Article content In connection with the loan agreement, the Company has also issued a common stock purchase warrant to an affiliate of Mr. Reyes de la Campa for the purchase of up to 1,500,000 shares of the Company's common stock at an exercise price per share of $0.65. The warrant is exercisable immediately upon issuance and expires on June 26, 2027. The warrant provides for customary adjustments in the event of stock dividends, splits and the like, and includes terms relating to the occurrence of a fundamental transaction, such as a merger, reorganization or recapitalization. Article content Key Facility Details Article content The key terms of the facility include the following: Article content About GRC: Article content Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Base metals, critical to the United States, are also produced as a by-product. 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. Article content Article content Article content Article content Article content
Business Wire
26-06-2025
- Business
- Business Wire
Gold Resource Corporation Closes US$6.28M Debt Facility
DENVER--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the 'Company'), along with its wholly owned subsidiary, Don David Gold Mexico ('DDGM'), is pleased to announce the execution of a loan agreement with Francisco Javier Reyes de la Campa and Jaluca Limited in the amount of US$6.28 million, to be used for working capital. 'The funds from this loan will allow us to develop and begin production from the new Three Sisters area of our Don David Gold Mine,' said Allen Palmiere, the Company's President and CEO. 'Additionally, we will be purchasing replacement mining equipment and funding upgrades in the mill. This loan and the proceeds of equity issuances earlier in the year provide us with the capital to execute on our plans to increase productivity and profitability.' In connection with the loan agreement, the Company has also issued a common stock purchase warrant to an affiliate of Mr. Reyes de la Campa for the purchase of up to 1,500,000 shares of the Company's common stock at an exercise price per share of $0.65. The warrant is exercisable immediately upon issuance and expires on June 26, 2027. The warrant provides for customary adjustments in the event of stock dividends, splits and the like, and includes terms relating to the occurrence of a fundamental transaction, such as a merger, reorganization or recapitalization. Key Facility Details The key terms of the facility include the following: Facility Amount – US$6,280,000 Term – 18 months, with maturity date of December 26, 2026 Interest Rate – Secured Overnight Financing Rate ('SOFR') plus 5% per annum Repayment – Principal amount of the loan, all accrued interest, and all other obligations are due and payable in full, if not paid earlier, on the maturity date Warrant – Provides for the issuance of warrants for 1,500,000 shares of the Company's common stock for an exercise price per share of $0.65 and expires on June 26, 2027. About GRC: Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Base metals, critical to the United States, are also produced as a by-product. 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.
