Gold Resource Corporation (A:GORO)
Business Focus: Integrated Mining
| Sector: Basic Materials | Industry: Integrated Mining |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 7900 E. Union Avenue, Suite 320 DENVER CO 80237 |
| Tel: | N/A |
| Website: | https://goldresourcecorp.com |
| IR: | See website |
| Key People | ||
| Allen Palmiere President, Chief Executive Officer, Director | Chet Holyoak Interim Chief Financial Officer | Alberto Reyes Chief Operating Officer |
| Business Overview |
| Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. The Company is focused on its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico, and to develop the Back Forty Project in Michigan, United States. Its Back Forty Project has a polymetallic (gold, silver, copper, lead, and zinc) Volcanogenic Massive Sulfide deposit. At its Don David Gold Mine, it has 100% interest in six properties, including two production stage properties and four exploration stage properties, located in Oaxaca, Mexico, along the San Jose structural corridor. Its properties span 55 continuous kilometers of this structural corridor. Its two production stage properties include Arista and Alta Gracia Mines. Its four exploration properties include Margaritas Property, Chamizo Property, Fuego Property and Rey Property. The Fuego property consists of approximately 2,554 hectares. |
| Financial Overview |
| For the three months ended 31 March 2024, Gold Resource Corporation revenues decreased 40% to $18.7M. Net loss increased from $1M to $4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Interest on Streaming liabilities increase from $274K to $1.4M (expense), Unrealized (gain) loss from gold and sil decrease of 11% to $8K (income). |
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