Gold Resource Corporation shares plummeted more than 30% following news of its index exclusion. Trading volume surged to over 500% of the daily average during the session.
FTSE Russell notified the company that the combined entity is ineligible for the Russell 2000 Comprehensive Factor Index. The exclusion becomes effective on July 20, 2026. This development reverses the company's addition to the index on June 26, 2026.
The removal stems from Goldgroup Mining Inc.'s Canadian nationality failing to meet index requirements. Gold Resource Corporation expects to finalize the merger after the market close on July 17, 2026.