Gold Resource Corporation (GORO) Income Statement Analysis

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Complete financial analysis of Gold Resource Corporation (GORO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Gold Resource Corporation, a leading company in the Gold industry within the Basic Materials sector.

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Gold Resource Corporation (GORO)

Industry: Gold

Sector: Basic Materials

Website: https://www.goldresourcecorp.com

About Gold Resource Corporation

Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. Its principal asset is the 100% owned Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan. The company was founded in 1998 and is headquartered in Denver, Colorado.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	97.73M	138.72M	125.20M	90.69M	135.37M	115.31M	110.16M	83.23M	92.70M	115.41M	125.78M	131.79M	105.16M	14.75M	0.00	0.00	0.00	0.00	6.17K	113.00
Cost of Revenue	103.04M	108.98M	88.45M	78.21M	106.25M	81.62M	68.04M	60.79M	62.38M	64.53M	67.53M	44.02M	17.96M	4.96M	20.99M	0.00	0.00	0.00	0.00	0.00
Gross Profit	-5.32M	29.75M	36.75M	12.49M	29.12M	33.69M	42.12M	22.43M	30.32M	50.87M	58.26M	87.77M	87.21M	9.80M	-20.99M	0.00	0.00	0.00	6.17K	113.00
Gross Profit Ratio	-5.44%	21.44%	29.35%	13.77%	21.51%	29.22%	38.23%	26.95%	32.71%	44.08%	46.32%	66.60%	82.92%	66.42%	0.00%	0.00%	0.00%	0.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	20.99M	18.44M	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	6.58M	10.00M	8.72M	10.63M	9.95M	9.33M	8.12M	9.53M	10.25M	12.34M	16.26M	13.51M	15.62M	9.30M	5.21M	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	681.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	209.00K	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	7.26M	10.00M	8.72M	10.63M	9.95M	9.33M	8.12M	9.53M	10.25M	12.34M	16.26M	13.51M	15.62M	9.51M	5.21M	18.05M	2.54M	2.10M	373.72K	596.32K
Other Expenses	0.00	4.24M	4.89M	2.34M	4.54M	18.00K	-1.17M	-182.00K	-2.47M	-80.00K	-1.36M	-2.74M	4.93M	4.69M	7.98M	8.30M	5.78M	646.89K	746.82K	257.38K
Operating Expenses	7.26M	14.25M	13.61M	12.97M	14.49M	15.50M	12.47M	13.85M	17.40M	19.28M	47.93M	38.07M	41.53M	32.64M	13.19M	26.35M	8.32M	2.74M	1.12M	853.71K
Cost & Expenses	116.12M	123.22M	102.06M	91.17M	120.74M	97.12M	80.51M	74.64M	79.78M	83.82M	115.45M	82.09M	59.49M	37.59M	34.18M	26.35M	8.32M	2.74M	1.12M	853.71K
Interest Income	0.00	906.00K	0.00	0.00	0.00	0.00	0.00	0.00	16.00K	161.00K	166.00K	122.00K	102.00K	99.00K	54.50K	0.00	0.00	0.00	0.00	0.00
Interest Expense	1.47M	906.00K	0.00	0.00	0.00	0.00	0.00	0.00	87.00K	161.00K	166.00K	122.00K	102.00K	99.00K	54.50K	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	26.90M	28.03M	16.37M	17.77M	19.98M	15.50M	15.05M	12.75M	9.10M	4.55M	2.63M	1.54M	856.00K	324.00K	166.99K	123.95K	47.48K	18.04K	7.25K	0.00
EBITDA	5.15M	30.27M	33.64M	17.12M	35.48M	32.05M	43.53M	21.90M	21.67M	36.14M	12.96M	51.24M	46.63M	-22.68M	-33.96M	-25.89M	-8.03M	-2.67M	-1.21M	-853.59K
EBITDA Ratio	5.27%	23.84%	36.08%	19.13%	27.72%	30.36%	40.53%	24.55%	23.75%	31.66%	10.30%	38.88%	42.05%	-150.34%	0.00%	0.00%	0.00%	0.00%	-16,254.73%	-755,392.04%
Operating Income	-11.90M	5.71M	29.03M	-248.00K	14.20M	18.19M	29.54M	8.59M	12.92M	31.59M	10.33M	49.70M	45.67M	-22.84M	-34.18M	-26.35M	-8.32M	-2.74M	-1.22M	-853.59K
Operating Income Ratio	-12.17%	4.12%	23.18%	-0.27%	10.49%	15.77%	26.81%	10.32%	13.94%	27.37%	8.21%	37.71%	43.43%	-154.80%	0.00%	0.00%	0.00%	0.00%	-19,726.45%	-755,392.04%
Total Other Income/Expenses	-9.85M	-4.46M	-5.55M	-510.00K	-19.13M	-1.46M	-1.06M	560.00K	-2.47M	-322.00K	-1.36M	-2.74M	2.41M	-235.00K	54.50K	333.61K	242.51K	57.09K	0.00	853.59K
Income Before Tax	-21.75M	2.24M	17.64M	-758.00K	14.88M	16.55M	28.48M	9.15M	10.45M	31.27M	8.98M	46.97M	48.09M	-23.07M	-34.13M	-26.02M	-8.08M	-2.69M	-1.32M	0.00
Income Before Tax Ratio	-22.26%	1.61%	14.09%	-0.84%	10.99%	14.35%	25.85%	10.99%	11.28%	27.09%	7.14%	35.64%	45.73%	-156.39%	0.00%	0.00%	0.00%	0.00%	-21,403.61%	0.00%
Income Tax Expense	-5.74M	8.56M	9.62M	5.57M	9.05M	7.26M	24.33M	4.76M	7.39M	15.02M	8.89M	13.30M	-12.04M	235.00K	0.00	0.00	0.00	0.00	103.55K	853.59K
Net Income	-16.02M	-6.32M	8.03M	-6.33M	5.83M	9.29M	4.15M	4.39M	3.06M	16.25M	85.00K	33.67M	58.37M	-23.07M	-34.13M	-26.02M	-8.08M	-2.69M	-1.22M	-853.59K
Net Income Ratio	-16.39%	-4.56%	6.41%	-6.98%	4.31%	8.05%	3.77%	5.27%	3.30%	14.08%	0.07%	25.55%	55.50%	-156.39%	0.00%	0.00%	0.00%	0.00%	-19,726.45%	-755,392.04%
EPS	-0.18	-0.07	0.11	-0.09	0.09	0.16	0.07	0.08	0.06	0.28	0.00	0.64	1.10	-0.46	-0.78	-0.76	-0.28	-0.13	-0.08	-0.08
EPS Diluted	-0.18	-0.07	0.11	-0.09	0.09	0.16	0.07	0.08	0.06	0.28	0.00	0.60	1.03	-0.46	-0.78	-0.76	-0.28	-0.13	-0.08	-0.08
Weighted Avg Shares Out	88.51M	88.37M	75.30M	69.90M	63.68M	57.53M	56.85M	55.14M	54.19M	54.12M	53.26M	52.85M	52.98M	50.04M	43.76M	34.39M	28.65M	20.22M	16.16M	10.83M
Weighted Avg Shares Out (Dil)	88.51M	88.37M	75.61M	69.90M	64.03M	58.37M	57.59M	55.73M	54.26M	54.62M	55.30M	56.32M	56.41M	50.04M	43.76M	34.39M	28.65M	20.22M	16.16M	10.83M

Gold Resource Corporation's (GORO) CEO Allen Palmiere on Q3 2021 Results - Earnings Call Transcript

October 28, 2021seekingalpha.com

Gold Resource Corporation's (GORO) CEO Allen Palmiere on Q3 2021 Results - Earnings Call Transcript

Gold Resource Corp Is Set to Rebound

October 28, 2021gurufocus.com

Until a few weeks ago, it was just transitory. Now the Federal Reserve is finally acknowledging that inflation is lasting longer than initially anticipated.

Gold Resource delivers strong 3Q profit and revenue as higher gold grades offset temporary coronavirus-related shutdown

October 28, 2021proactiveinvestors.com

Gold Resource Corporation posted a $1.5 million in profit in the third quarter, thanks to “significantly higher” gold grades from its Don David Gold Mine in Oaxaca, Mexico. Don David generated $29 million in revenue on total production of 9,170 gold...

Gold Resource sees increase in 3Q production levels as gold output increases from its Mexico mine complex

October 15, 2021proactiveinvestors.com

Gold Resource Corporation revealed its preliminary 3Q production figures that showed the miner sold 9,170 gold equivalent ounces from its Mexican operations. The strong numbers came despite a self-imposed temporary shutdown at the operations due to coronavirus (COVID-19) protocols.

Gold Resource Corporation Reports Q3 2021 Production

October 14, 2021accesswire.com

DENVER, CO / ACCESSWIRE / October 14, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company") today announced preliminary third quarter 2021 production results. Third Quarter 2021 Production Highlights 9,170 gold equivalent ounces ("Au eq oz") sold, inclusive of 5,809...

Aquila Resources Enters Into Arrangement Agreement With Gold Resource Corporation

October 6, 2021businesswire.com

TORONTO--(BUSINESS WIRE)--Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) (“Aquila” or the “Company”) is pleased to announce that it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) with Gold Resource Corporation (“GORO”) (NYSE American: GORO) providing for the acquisition...

Gold Resource Corporation to Hold Q3 2021 Conference Call on October 28, 2021

October 1, 2021accesswire.com

DENVER, CO / ACCESSWIRE / October 1, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company") will issue a news release providing a summary of its financial and operating results for the third quarter ended September 30, 2021 on Wednesday,...

Gold Resource Corporation Issues 2020 Sustainability Accounting Standards Report

September 24, 2021accesswire.com

DENVER, CO / ACCESSWIRE / September 24, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") has released its 2020 Sustainability Disclosure Topics & Accounting Metrics ("2020 SASB Report"), which uses the Value Reporting Foundation's Metals...

Gold Resource Corporation Attending The Gold Forum Americas / XPL-Dev 2021 Conference

September 10, 2021accesswire.com

DENVER, CO / ACCESSWIRE / September 10, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") will be presenting at The Gold Forum Americas / XPL-DEV 2021 Conference, which is being held in Colorado Springs, CO...