Gold Resource Corporation Secures $6.28mln Debt Facility with Warrant for 1.5mln Shares

Gold Resource Corporation has secured a $6.28 million debt facility to be used for working capital. The loan agreement was executed with Francisco Javier Reyes de la Campa and Jaluca Limited, and includes a common stock purchase warrant for up to 1.5 million shares at an exercise price of $0.65 per share. The loan has a maturity date of December 26, 2026, and an interest rate of SOFR plus 5% per annum.

Gold Resource Corporation (NYSE American: GORO) has announced the execution of a $6.28 million debt facility, to be used for working capital. The loan agreement was signed with Francisco Javier Reyes de la Campa and Jaluca Limited. The funds will be utilized to develop and commence production from the new Three Sisters area of the company's Don David Gold Mine, as well as to purchase replacement mining equipment and upgrade the mill [1].

In addition to the loan, the company has issued a common stock purchase warrant to an affiliate of Mr. Reyes de la Campa. The warrant allows for the purchase of up to 1,500,000 shares of the company's common stock at an exercise price of $0.65 per share. The warrant is exercisable immediately upon issuance and expires on June 26, 2027 [1].

The debt facility has a term of 18 months, with a maturity date of December 26, 2026. The interest rate is set at the Secured Overnight Financing Rate (SOFR) plus 5% per annum [1]. The principal amount of the loan, along with all accrued interest and other obligations, is due and payable in full by the maturity date.

Gold Resource Corporation is a gold and silver producer, developer, and explorer, with operations centered on the Don David Gold Mine in Oaxaca, Mexico. The company's focus is on unlocking the potential of its existing infrastructure and large land position, as well as developing the Back Forty Project in Michigan, USA [1].

References:
[1] https://finance.yahoo.com/news/gold-corporation-closes-us-6-231700024.html
[2] https://www.morningstar.com/news/business-wire/20250626719587/gold-resource-corporation-closes-us628m-debt-facility
[3] https://www.marketscreener.com/quote/stock/GOLD-RESOURCE-CORPORATION-8472255/news/Gold-Resource-Corporation-Closes-US-6-28M-Debt-Facility-50347984/
[4] https://www.marketscreener.com/quote/stock/GOLD-RESOURCE-CORPORATION-8472255/news/Gold-Resource-Corporation-Closes-USD-6-28-million-Debt-Facility-50349149/