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
Tel: N/A
IR: See website
Key People
Allen Palmiere
President, Chief Executive Officer, Director
Kimberly C. Perry
Chief Financial Officer, Corporate Secretary
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 land position surrounding the mine in Oaxaca, Mexico, and to develop the Back Forty Project in Michigan, United States. The 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 55-kilometer-long San Jose structural corridor. Its two production stage properties include Arista and Alta Gracia Mines. The Alta Gracia project is approximately 20 kilometers northeast of the village of San Pedro Totalapam. Its four exploration properties include Margaritas Property, Chamizo Property, Fuego Property and Rey Property.
Financial Overview
For the three months ended 31 March 2023, Gold Resource Corporation revenues decreased 31% to $31.2M. Net loss totaled $1M vs. income of $4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Interest on Streaming liabilities increase of 56% to $274K (expense), Realized currency exchange loss increase of 36% to $176K (expense).
Employees: 16 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $51.11M as of Mar 31, 2023
Annual revenue (TTM): $124.54M as of Mar 31, 2023
EBITDA (TTM): $21.41M as of Mar 31, 2023
Net annual income (TTM): -$11.38M as of Mar 31, 2023
Free cash flow (TTM): -$7.12M as of Mar 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 88,468,542 as of Apr 23, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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