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What: Shares of Gold Resource Corporation (NYSEMKT:GORO) jumped 10% today after updating drilling results.
So what: At the Arista deposit in the El Aguala Project in Mexico the company announced discoveries from a new vein. Results showed 2.67 meters of 13.9 grams per tonne of gold and 3,228 grams per tonne of silver along with other base metals as well.
Now what: This continues to expand the potential of the Arista and Baja veins as drilling expands. Gold Resource is also returning cash from the production to shareholders, to the tune of $95 million since 2010. It's solid resource results like this that will provide the production needed to keep those returns coming.