NEW YORK, Oct. 26, 2012 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of Colorado on behalf of investors who purchased Gold Resource Corporation ("Gold Resource" or the "Company") (NYSE Amex:GORO) stock between January 30, 2012 and October 17, 2012.
For more information, click here: http://zlk.9nl.com/gold-resource-goro. There is no cost or obligation to you.
On July 19, 2012, Gold Resource announced preliminary production results for the second quarter ended June 30, 2012, stating that the Company's second quarter production was lower than expected and the Company was dramatically reducing guidance for fiscal years 2012 and 2013. In response to this news, shares of the Company's common stock fell from a closing price of $25.22 per share to a close of $17.50 per share the following day.
Then on October 17, 2012, Gold Resource announced preliminary production results for the third quarter ended September 30, 2012, reporting a dispute with the buyer of the Company's metal concentrates that resulted in the buyer claiming net adjustments (reductions) to Gold Resources' invoices. In response to this announcement the Company's common stock fell from its October 17, 2012 closing price of $20.15 per share to $18.01 per share the following day.
If you suffered a loss in Gold Resource you have until December 24, 2012 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/gold-resource-goro.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP