Golden Arrow Resources Corporation (CVE:GRG) (OTCQB:GARWF) Chairman and CEO Joseph Grosso told shareholders Monday that the company is “for the most part operational” as staff works from home amid the coronavirus (COVID-19) pandemic.
“The COVID-19 crisis has created a challenge that none of us could imagine even several weeks ago. I'm reaching out at this time to connect with you as we navigate this situation together,” Grosso said in a letter.
"As volatility and uncertainty has been thrust into financial markets, I feel confident of the strong fundamentals for gold and precious metals. We have often seen, during times of upheaval, gold nearly always performs well. As our advanced projects in Chile, Paraguay and Argentina have great potential for significant gold discoveries, the potential value in Golden Arrow remains high.”
Grosso said the South America-focused exploration group is assessing the announcements of governmental financial support “to ensure that we keep our company financially sound.”
He added: “I am confident that this pandemic will pass and that Golden Arrow will weather this storm and emerge successful. We will continue to closely monitor the situation and I will continue to provide you with updates as events evolve.”
Contact the author: [email protected]
Follow him on Twitter @PatrickMGraham