February 22, 2023
Dear WRPC Member and Friends of the Menominee River,
When the Gold Resource Corporation (GORO) acquired the bankrupt Back Forty Project from Aquila Resources, they told their shareholders that “We fully anticipate that this project is going to be relatively easy to permit.” Allen Palmiere, GORO ‘s CEO also said “We intend to place the Back Forty Project into production on an accelerated basis, funded by cash flow generation.” That was in September 2021. In February 2023 GORO has yet to complete an economic feasibility study, a necessary step prior to submitting all five mine permit applications to Michigan’s Dept. of Environment, Great Lakes, and Energy (EGLE).