Gold Resource (GORO)

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Gold Resource (GORO) - 2024 Q1 - Quarterly Results
2024-05-02 23:05
Exhibit 99.1 ● Produced and sold 3,557 ounces of gold and 216,535 ounces of silver ● Produced and sold 1,682 tonnes of zinc, 264 tonnes of copper, and 667 tonnes of lead ● Cash balance of $5.7 million with no debt and working capital of $13.6 million at March 31, 2024 ● Net loss was $4.0 million or $0.05 per share for the quarter, which was after $0.9 million in expenses for DDGM exploration development and underground drilling. ● Total cash cost after co-product credits for the quarter was $1,667 per gold ...
Gold Resource (GORO) - 2024 Q1 - Quarterly Report
2024-05-02 20:35
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-34857 Gold Resource Corporation (Exact Name of Registrant as Specified in its charter) Colorado 84 ...
Gold Resource (GORO) - 2023 Q4 - Annual Report
2024-03-28 01:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission File Number: 001-34857 Gold Resource Corporation (Exact name of registrant as specified in its charter) Colorad ...
Gold Resource (GORO) - 2023 Q4 - Earnings Call Transcript
2024-03-14 19:09
Gold Resource Corporation (NYSE:GORO) Q4 2023 Earnings Conference Call March 14, 2024 10:00 AM ET Company Participants Chet Holyoak - CFO Allen Palmiere - President & CEO Alberto Reyes - COO Conference Call Participants Heiko Ihle - H.C. Wainwright Jake Sekelsky - Alliance Global Partners Operator Good morning, and welcome to the Gold Resource Corporation Fourth Quarter 2023 Financial and Operating Results Conference Call. At this time, all participants are in listen-only mode. Following managements present ...
Gold Resource (GORO) - 2023 Q4 - Earnings Call Presentation
2024-03-14 19:08
Subtotal of Growth Investments 571 6,166 $6,000 – 7,000 Q4 2023 Conference Call Allen Palmiere, President & Chief Executive Officer Alberto Reyes, Chief Operating Officer Chet Holyoak, Chief Financial Officer Cautionary Note Regarding Forward-Looking Statements Forward-looking statements in this presentation are based on certain key expectations and assumptions made by us. Although we believe that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue relia ...
Gold Resource (GORO) - 2023 Q3 - Earnings Call Transcript
2023-11-07 23:48
Gold Resource Corporation (NYSE:GORO) Q3 2023 Earnings Conference Call November 7, 2023 12:00 PM ET Company Participants Chet Holyoak - CFO Allen Palmiere - President, CEO and Director Alberto Reyes - COO Conference Call Participants Jake Sekelsky - Alliance Global Partners Heiko Ihle - H.C. Wainwright Operator Good morning, and welcome to the Gold Resource Corporation Third Quarter 2023 Financial and Operating Results Conference Call. [Operator Instructions] I would like to remind everyone that this confer ...
Gold Resource (GORO) - 2023 Q3 - Quarterly Report
2023-11-07 01:44
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 Securities registered pursuant to Section 12(b) of the Act: | a | Title of each class | Trading Symbol | Name of each exchange where registered | | --- | --- | --- | --- | | | Common Stock | GORO | NYSE American | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 1 ...
Gold Resource (GORO) - 2023 Q2 - Earnings Call Transcript
2023-07-27 21:55
Gold Resource Corporation (NYSE:GORO) Q2 2023 Earnings Conference Call July 27, 2023 12:00 PM ET Company Participants Allen Palmiere - President, Chief Executive Officer & Director Kimberly Perry - Chief Financial Officer Alberto Reyes - Chief Operating Officer Conference Call Participants Heiko Ihle - H.C. Wainwright Operator Good morning, and welcome to the Gold Resource Corporation Second Quarter 2023 Financial and Operating Results Conference Call. At this time, all participants are in a listen-only mod ...
Gold Resource (GORO) - 2023 Q2 - Quarterly Report
2023-07-26 20:40
Financial Performance - Net sales for the three months ended June 30, 2023, were $24,807,000, a decrease of 32.9% compared to $37,064,000 for the same period in 2022[15]. - The company reported a net loss of $4,584,000 for the three months ended June 30, 2023, compared to a net income of $2,673,000 for the same period in 2022[15]. - For the six months ended June 30, 2023, the company reported a net loss of $5.619 million compared to a net income of $6.692 million for the same period in 2022[25]. - Total sales for the six months ended June 30, 2023, were $56.035 million, down from $82.481 million in 2022, representing a decline of approximately 32%[31]. - Mine gross profit decreased by $25.6 million, or 94%, for the six months ended June 30, 2023, primarily due to a $26.4 million decrease in net sales[161]. - The company recorded a net loss of $5.6 million for the six months ended June 30, 2023, compared to net income of $6.7 million during the same period in 2022[165]. Assets and Liabilities - Total assets decreased from $204,171,000 as of December 31, 2022, to $191,072,000 as of June 30, 2023, representing a decline of approximately 6.4%[13]. - The company's retained earnings decreased from $7,706,000 as of December 31, 2022, to $2,087,000 as of June 30, 2023, reflecting a decline of approximately 72.9%[13]. - Total current liabilities decreased from $24,682,000 as of December 31, 2022, to $19,115,000 as of June 30, 2023, a reduction of about 22.5%[13]. - Total current assets as of June 30, 2023, were $39,962,000, a decrease from $46,099,000 as of December 31, 2022, representing a decline of approximately 13.5%[108]. - Total shareholders' equity as of June 30, 2023, was $106,701,000, a decrease from $111,764,000 as of December 31, 2022, reflecting a decline of approximately 4.5%[108]. Cash Flow and Investments - Net cash provided by operating activities decreased significantly to $473 thousand from $12.206 million in the prior year[25]. - As of June 30, 2023, cash and cash equivalents were $17.957 million, down from $33.335 million at the end of the previous year[25]. - The investment in Maritime Resources Corp. was valued at $1.4 million as of June 30, 2023, down from $1.6 million at the end of 2022, representing a 12.8% decrease[42]. - The value of the investment in Green Light Metals was $3.7 million as of June 30, 2023, compared to $3.6 million as of December 31, 2022, reflecting a 2.8% increase[45]. Production and Operational Metrics - Gold production in Q2 2023 was 4,637 ounces, down 50% from 9,317 ounces in Q2 2022[130]. - Silver production increased by 16% to 289,816 ounces in Q2 2023 compared to 249,088 ounces in Q2 2022[130]. - Total tonnes milled in Q2 2023 were 113,510, a 12% decrease compared to Q2 2022[130]. - Gold equivalent ounces sold decreased to 7,689 oz in Q2 2023 from 11,475 oz in Q2 2022, representing a 32.4% decline[202]. Costs and Expenses - Total cost of sales decreased by 2% to $54.3 million for the six months ended June 30, 2023, primarily due to a $1.6 million decrease in production costs[160]. - General and administrative expenses increased by 11% to $2.1 million for the three months ended June 30, 2023, compared to $1.9 million for the same period in 2022[167]. - Total cash cost after co-product credits per AuEq oz sold increased to $1,333 for the three months ended June 30, 2023, from $247 in the same period of 2022, attributed to lower co-product credits and a 33% decrease in AuEq ounces sold[183]. - Total consolidated all-in sustaining cost after co-product credits per AuEq oz sold rose to $1,990 for the three months ended June 30, 2023, compared to $805 for the same period in 2022[184]. Future Outlook and Strategic Initiatives - The company suspended future quarterly dividends on February 13, 2023, to protect its balance sheet and focus on exploration and growth opportunities[18]. - The exploration focus for 2023 includes the Three Sisters and Gloria vein systems, with ongoing drilling aimed at expanding mineral reserves and resources[124]. - Work on optimizing feasibility for the Back Forty Project is ongoing, with current initiatives focused on finalizing financial models and considering environmental factors[195]. - The company has implemented several operational initiatives resulting in cost savings and improved efficiencies, partially offsetting increased costs due to currency fluctuations[115].
Gold Resource (GORO) - 2023 Q1 - Earnings Call Transcript
2023-04-26 17:51
Gold Resource Corporation (NYSE:GORO) Q1 2023 Earnings Conference Call April 26, 2023 12:00 PM ET Company Participants Kim Perry - Chief Financial Officer Allen Palmiere - President and Chief Executive Officer Alberto Reyes - Chief Operating Officer Conference Call Participants Marcus Giannini - H.C. Wainwright Operator Good morning, and welcome to the Q1 2023 Earnings Call. At this time, all lines are in listen-only mode. Following management’s presentation, there will be a question-and-answer session. Ins ...