Gold Resource Corporation (NYSEAMER: GORO) |
|
Price: $0.5408
$0.02
4.000%
|
Day's High:
| $0.6
| Week Perf:
| 12.22 %
|
Day's Low: |
$ 0.50 |
30 Day Perf: |
45.22 % |
Volume (M): |
3,622 |
52 Wk High: |
$ 0.74 |
Volume (M$): |
$ 1,959 |
52 Wk Avg: |
$0.38 |
Open: |
$0.52 |
52 Wk Low: |
$0.12 |
|
|
Market Capitalization (Millions $) |
50 |
Shares
Outstanding (Millions) |
93 |
Employees |
160 |
Revenues (TTM) (Millions $) |
73 |
Net Income (TTM) (Millions $) |
-45 |
Cash Flow (TTM) (Millions $) |
-5 |
Capital Exp. (TTM) (Millions $) |
9 |
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 |
|
|
|
|
|
|
|
Stock Performances by Major Competitors |
|
|
Gold Resource Corporation
The financial results for Gold Resource Corporation for the fiscal time-frame ending March 31, 2024 paint a concerning picture for the company. Not only did they experience a significant increase in shortfall per share compared to the previous year, but their revenue also took a drastic hit, plummeting by almost 43%. This decline in revenue is particularly alarming when considering the fact that the rest of the Metal Mining industry saw an improvement in revenue during the same period. It suggests that Gold Resource Corporation may be facing unique challenges that are not affecting their competitors in the same way.
|
Gold Resource Corporation
Gold Resource Corporation (GORO) experienced a decline in business, leading to an increase in deficit for the Dec 31, 2023 report. The deficit per share also increased to $-0.03 from $-0.03, while revenue went down by -31.856% to $22.06 million from $32.37 million compared to the previous year. This decline in revenue is a concerning factor for the company. However, it is worth noting that the Metal Mining industry as a whole recorded a revenue gain in the fourth quarter of 2023. This indicates that the decline in revenue for GORO may be specific to the company and not reflective of a broader industry trend.
|
Gold Resource Corporation
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 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.
|
Per Share |
Current |
Earnings (TTM) |
-0.49 $ |
Revenues (TTM) |
0.78 $
|
Cash Flow (TTM) |
- |
Cash |
0.01 $
|
Book Value |
0.61 $
|
Dividend (TTM) |
0 $ |
|
Per Share |
|
Earnings (TTM) |
-0.49 $
|
Revenues (TTM) |
0.78 $ |
Cash Flow (TTM) |
- |
Cash |
0.01 $
|
Book Value |
0.61 $ |
Dividend (TTM) |
0 $ |
|
|
|
Oaxaca Mexico |
|
107.64 % |
of total Revenue |
|
|