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1/30/17

Gold Resource Corp (GORO) has blood on its hands

Finally, the despicable scumbags at GORO have been forced to fess up for the death IKN reported nine days ago, the one they tried to keep away from the market and shareholders. And why? Because there was another death at their mine two days ago!
COLORADO SPRINGS, CO--(Marketwired - Jan 30, 2017) - Gold Resource Corporation ( NYSE MKT : GORO ) (the "Company") is saddened to report that an employee was fatally injured at its Arista Mine in Oaxaca, Mexico on January 29, 2017. The accident involved the operation of heavy equipment inside the mine.
The Company has voluntarily suspended mining and milling operations and expects to allow up to 48 hours before resuming operations to provide time to review and strengthen safety policies, procedures and protocols at all operations. Investigations by both the Company and the government into the circumstances surrounding the accident are currently underway.
This accident follows a recent unrelated fatality of a worker employed by a narrow-vein mine contractor at the Arista Mine as a result of a ground fall event.

You can't help but wonder if the second fatality would have been avoided if the company hadn't tried to cover up the first one. And you need to read about what happened in the first event, it makes a mockery of the company's claim that they "immediately contacted" authorities.