U.S.-based Gold Resource Corp. said Thursday it increased gold production in Mexico during the third quarter by 87 percent.

Preliminary production results of approximately 25,200 ounces precious metal gold equivalent is the highest number of quarterly ounces produced to date and is approximately an 87 percent increase from the previous quarter, the company said in a statement.

Gold Resource, which is based in Colorado Springs, Colo., operates in the southern state of Oaxaca, Mexico.