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Gold Resource Corporation  (GORO)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 
Price: $0.4150 $0.03 8.073%
Day's High: $0.445 Week Perf: 21.31 %
Day's Low: $ 0.39 30 Day Perf: 56.6 %
Volume (M): 1,104 52 Wk High: $ 1.19
Volume (M$): $ 458 52 Wk Avg: $0.54
Open: $0.40 52 Wk Low: $0.22



 Market Capitalization (Millions $) 37
 Shares Outstanding (Millions) 89
 Employees 13
 Revenues (TTM) (Millions $) 108
 Net Income (TTM) (Millions $) -16
 Cash Flow (TTM) (Millions $) -16
 Capital Exp. (TTM) (Millions $) 14

Gold Resource Corporation

Gold Resource Corporation was organized under the laws of the State of Colorado on August 24, 1998. We are a producer of metal concentrates that contain gold, silver, copper, lead and zinc, and doré containing gold and silver at the Aguila Project in the southern state of Oaxaca, Mexico (“Oaxaca”). The Aguila Project includes the Aguila open pit mine, which ceased operations in February 2011, and the Arista underground mine, which is currently in operation. We also perform exploration and evaluation work on our portfolio of precious and base metal exploration properties in Oaxaca and Nevada, United States of America (“Nevada”) and continue to evaluate other properties for possible acquisition.

We have two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit. The majority of our assets are located at our Oaxaca Mining Unit, located on our Aguila Project, including our Aguila milling and smelting facility and Arista underground mine. The Aguila milling and smelting facility produces metal concentrates and doré from ore mined from the Arista Mine. All of our production and revenue currently comes from our Oaxaca Mining Unit.

The Aguila Project includes approximately 30,074 hectares of mining concessions, an access road from a major highway, haul roads, a mill and smelting facility, and adjoining buildings, an assay lab, an open pit and underground mine, tailings facilities and other infrastructure.

We commenced mining and milling operations at the Aguila Project in July 2010. The mill is located approximately 0.5 kilometers from the Aguila open pit mine. During 2010, we also began development of an underground mine to access the Arista deposit’s vein system. The Arista underground mine is located approximately two kilometers from the mill. Mining of the open pit was essentially completed in 2010. Approximately one-half of the open pit material was processed in 2010 and the Company continued to process the stockpiles in 2016. The vast majority of our production from 2011 to present has been from the Arista Mine.

Our operations in Oaxaca are conducted through our Mexican subsidiary, Don David Gold Mexico S.A. de C.V. (“DDGM”). Our Nevada exploration and evaluation work is performed through two wholly-owned subsidiaries, GRC Nevada Inc. and Walker Lane Minerals Corp. (“Walker Lane”).

Our principal executive offices are located at 2886 Carriage Manor Point, Colorado Springs, Colorado 80906, and our telephone number is (303) 320-7708. We maintain a website at www.goldresourcecorp.com and through a link on our website you can view the periodic filings that we make with the U.S. Securities and Exchange Commission (“SEC”), as well as certain of our corporate governance documents such as our code of ethics.



   Company Address: 7900 E. Union Ave Denver, 80237 CO
   Company Phone Number: 320-7708   Stock Exchange / Ticker: NYSEAMER GORO
   


Customers recorded net loss Customers recorded net loss



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Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CDE   -0.63%    
FCX        10.21% 
MUX        1.93% 
NEM        1.59% 
RGLD   -1.65%    
SCCO        17.26% 
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Gold Resource Corporation

Gold Resource Corporation Faces Uphill Battle as Weak Sales Trigger Deficit in Third Quarter of 2023 Earnings Season



Gold Resource Corporation (GORO) recently released its financial results for the third quarter of 2023, providing insights into its performance and future prospects. This article aims to interpret the company's financial data and analyze how these results might impact Gold Resource Corporation going forward.
1. Performance Overview:
During the past five trading days, GORO's stock increased by 1.22%, which, albeit a minor gain, indicates some positive investor sentiment. However, the year-to-date performance of -73.88% reveals a significant decline in stock value over the course of the year. Despite this, GORO stock currently trades 7.6% above its 52-week low, suggesting some stability in recent months.

Gold Resource Corporation

Gold Resource Corporation Records Significant Revenue Dip in Second Quarter of 2023



Gold Resource Corporation has recently released its financial results for the April to June 30, 2023 period. The figures reveal a disappointing performance compared to the same period last year, with losses per share increasing and revenue declining significantly. Additionally, a decline in inventories and accounts receivable is seen, suggesting a potential slowdown in demand. However, despite these results, the company's shares have shown resilience in the market, with a solid gain over the past five trading days.
Financial Results:
1. Loss per Share: Gold Resource Corporation reported a loss per stock of $-0.05 per share for the April to June 30, 2023 period, compared to a profit of $0.03 per share in the same period last year. This indicates a significant decline in profitability.
2. Revenue Decline: The company experienced a 33.07% decrease in revenue, with sales amounting to $24.81 million, compared to $37.06 million in the similar period last year. Sequentially, the revenue declined by 20.562% from $31.23 million.
3. Net Loss: Gold Resource Corporation recorded a net loss of $-4.584 million for the April to June 30, 2023 period, in contrast to a net profit of $2.673 million recorded in the same period the previous year. This highlights a substantial decline in overall profitability.
4. Inventory and Accounts Receivable: The level of inventories at the Metal Mining company declined to $10.9 million, both from the previous quarter and compared to the same period a year before. Likewise, accounts receivable decreased to $10.9 million. These trends may indicate slowing demand within the industry.






 

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