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Gold Resource Taps SLR to Advance Back Forty Feasibility Study
The Denver-based miner aims to refine the economic viability of its Michigan asset, setting the stage for potential shifts in long-term production capacity.
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Strategic Move for Back Forty
Gold Resource Corporation (NYSE American: GORO) has officially contracted SLR Consulting to complete the feasibility study for its Back Forty project. This decision signals a shift in the company’s development timeline as it works to refine the project’s economic viability. The Denver-based miner aims to finalize the technical report to better define the asset's potential, which traders often track alongside broader commodities analysis to gauge long-term supply trends.
Project Parameters and Scope
The Back Forty project, located in Michigan, remains a core focus for the company. By engaging a professional firm like SLR, Gold Resource Corporation expects to produce a document that meets industry standards for project financing and operational planning. The scope of the study covers several technical areas:
- Geological modeling and resource estimation
- Metallurgical testing and recovery analysis
- Mine planning and infrastructure design
- Economic evaluation and sensitivity analysis
"The selection of SLR follows a competitive process to ensure that the Back Forty development meets the rigorous technical and environmental standards expected by our stakeholders," stated the company leadership regarding the appointment.