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Gold Resource declares commercial production at gold mine in Nevada

Gold Resource Corp.'s Isabella Pearl gold mine in Nevada reached commercial production, with dore production of over 2,000 ounces in September.

First gold dore from the project was produced ahead of schedule in late April, and production has been ramping up since.

The final commissioning of the recently completed processing plant at Isabella Pearl will occur over the next several weeks, which will enable on-site dore production.

The company said Oct. 7 that it plans to update its 2019 gold production outlook in the third-quarter production results to include the estimated gold ounces targeted from the Isabella Pearl project in the fourth quarter.

The monthly gold output of 2,000 ounces at Isabella Pearl will generate positive cash flow by covering operational costs at the project, assuming a gold price of US$1,450 per ounce, the company said.