Company Quick10K Filing
Gold Resource
10-Q 2020-03-31 Filed 2020-05-05
10-K 2019-12-31 Filed 2020-03-02
10-Q 2019-09-30 Filed 2019-10-30
10-Q 2019-06-30 Filed 2019-08-06
10-Q 2019-03-31 Filed 2019-05-07
10-K 2018-12-31 Filed 2019-02-26
10-Q 2018-09-30 Filed 2018-10-30
10-Q 2018-06-30 Filed 2018-07-31
10-Q 2018-03-31 Filed 2018-05-01
10-K 2017-12-31 Filed 2018-03-08
10-Q 2017-09-30 Filed 2017-10-31
10-Q 2017-06-30 Filed 2017-08-01
10-Q 2017-03-31 Filed 2017-05-02
10-K 2016-12-31 Filed 2017-02-28
10-Q 2016-09-30 Filed 2016-11-02
10-Q 2016-06-30 Filed 2016-08-02
10-Q 2016-03-31 Filed 2016-05-04
10-K 2015-12-31 Filed 2016-03-09
10-Q 2015-09-30 Filed 2015-11-03
10-Q 2015-06-30 Filed 2015-08-05
10-Q 2015-03-31 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-03-20
10-Q 2014-09-30 Filed 2014-11-06
10-Q 2014-06-30 Filed 2014-08-07
10-Q 2014-03-31 Filed 2014-05-12
10-K 2013-12-31 Filed 2014-04-01
10-Q 2013-09-30 Filed 2013-11-08
10-Q 2013-06-30 Filed 2013-08-09
10-Q 2013-03-31 Filed 2013-05-08
10-K 2012-12-31 Filed 2013-03-18
10-Q 2012-09-30 Filed 2012-11-14
10-Q 2012-06-30 Filed 2012-08-09
10-Q 2012-03-31 Filed 2012-05-10
10-Q 2011-09-30 Filed 2011-11-09
10-Q 2011-06-30 Filed 2011-08-09
10-Q 2011-03-31 Filed 2011-05-10
10-K 2010-12-31 Filed 2011-03-15
10-Q 2010-09-30 Filed 2010-11-10
10-Q 2010-06-30 Filed 2010-08-09
10-Q 2010-03-31 Filed 2010-05-07
10-K 2009-12-31 Filed 2010-03-15
8-K 2020-05-21 Shareholder Vote
8-K 2020-05-05 Earnings, Exhibits
8-K 2020-04-22 Other Events, Exhibits
8-K 2020-04-01 Other Events, Exhibits
8-K 2020-03-02 Earnings, Exhibits
8-K 2020-02-06 Regulation FD, Exhibits
8-K 2019-10-29 Earnings, Exhibits
8-K 2019-08-06 Earnings, Exhibits
8-K 2019-06-20 Shareholder Vote, Regulation FD, Exhibits
8-K 2019-05-07 Earnings, Exhibits
8-K 2019-04-11 Officers
8-K 2019-02-26 Earnings, Exhibits
8-K 2018-10-30 Earnings, Exhibits
8-K 2018-10-04 Accountant, Exhibits
8-K 2018-07-31 Earnings, Exhibits
8-K 2018-06-22 Shareholder Vote, Regulation FD, Exhibits
8-K 2018-05-01 Earnings, Exhibits
8-K 2018-04-03 Enter Agreement, Officers, Amend Bylaw, Exhibits
8-K 2018-03-08 Earnings, Exhibits

Gold Resource Financials

GORO Metrics, Comps, Filings

Quarterly | Annual

Business

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 from the Aguila and Alta Gracia projects in the southern state of Oaxaca, Mexico (“Oaxaca Mining Unit”). The Aguila project includes the Arista underground mine and processing facility, which commenced operation in 2010. The Alta Gracia project includes the Mirador underground mine which began operations in 2017.

On August 12, 2016, we acquired all of the outstanding stock of Walker Lane Minerals Corporation. The assets included in that acquisition included the Isabella Pearl project, including significant permitting for an open-pit heap leach operation in the Walker-Lane mineral belt in Nevada. Since the acquisition, we have continued development on the project and in May 2018, we received the final regulatory approvals to construct and operate a mine. We commenced construction of the mine shortly thereafter and expect to commence production in mid-2019. We also continue exploration and evaluation work on our portfolio of other precious metal properties in Nevada, United States of America (“Nevada Mining Unit”) and continue to evaluate other properties for possible acquisition.

The Aguila processing facility produces metal concentrates and doré from ore mined from both the Arista and Mirador Mines. All of our production and revenue currently comes from our Oaxaca Mining Unit. The Aguila and Alta Gracia projects, include a total of approximately 30,439 hectares of mining concessions, access roads from a major highway, haul roads, a processing facility, and adjoining buildings, an assay lab, an open pit and underground mines, tailings facilities and other infrastructure. Please see Item 2. Properties for maps and additional information.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Golden Star Resources (GSS) 424,934 4.2 -3% 704,678 285,465 0 43,285 -24,304 110,780 465,423
Mesabi Trust (MSB) 313,043 94% 9.8 112% 28,461 12,530 33,856 31,759 31,759 31,759 312,668
Gold Resource (GORO) 250,028 24% 9.1 3% 191,835 33,644 124,149 29,204 6,516 26,726 243,171
Uranium Energy (UEC) 175,920 -12.0 -19% 96,696 26,604 0 0 -18,744 -15,114 181,011
Tanzanian Royalty Exploration (TRX)
International Tower Hill Mines (THM) 99,414 -30.0 -5% 63,125 280 0 0 -3,066 -3,065 91,885
Platinum Group Metals (PLG) 52,386 0% 41,849 61,379 0 0 0 0 52,386
UR-Energy (URG) 94,369 -11% -13.2 -12% 88,233 46,264 21,406 -2,418 -10,533 -7,227 95,749
EMX Royalty (EMX) 88,280 0% 114,852 6,347 0 0 0 0 2,301
Opiant Pharmaceuticals (OPNT) 86,486 83% 6.0 25% 41,368 9,762 32,851 27,416 10,526 10,498 63,264
Vista Gold (VGZ) 77,509 -9.3 -51% 16,110 2,445 0 -946 -8,194 -8,154 76,125
Entree Resources (EGI) 71,671 0% 7,432 47,181 0 0 0 0 65,551
Almaden Minerals (AAU) 71,505 0% 73,928 2,563 0 0 0 0 68,925
Caledonia Mining (CMCL) 56,197 0% 125,693 46,885 0 0 0 0 56,197
China Natural Resources (CHNR) 44,840 0% 7,743 29,541 0 0 0 0 44,840
Pershing Gold (PGLC) 37,381 -3.0 -36% 32,033 4,150 0 -1,794 -11,472 -11,472 34,673
Avino Silver & Gold Mines (ASM) 37,369 0% 108,588 33,420 0 0 0 0 34,117
General Moly (GMO) 27,644 -2.7 -3% 325,897 58,129 0 0 -8,953 -8,221 22,426
Golden Minerals (AUMN) 26,684 35% -4.0 -58% 11,233 6,861 3,876 1,350 -6,570 -5,942 23,792
Paramount Gold Nevada (PZG) 19,884 0% -2.7 -11% 54,280 6,953 327 0 -5,918 -5,902 15,696

Balance Sheet ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-06-302013-09-302013-12-312013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash42,09845,01451,96044,00444,77836,24235,78030,41417,63414,97329,02619,45729,62724,80027,54121,44421,02314,10512,82210,32513,26417,06514,16616,63916,41015,83222,39028,61726,64516,6017,7628,5277,9398,757
Accounts Receivable2,59614,73414,28117,9008,30716,0906,3492,7145,2122,3076,4426,0835,9201,4167,4596881,8513219072,0452,4146301,7591,2763,6642,8841,6421,7271,4281,7444,5155,6307,800
Inventory5,5744,5404,2437,4535,2875,0867,5337,1168,8977,4686,9676,3589,0137,2958,0198,4899,3478,7539,31810,0559,4098,9468,6079,9959,89011,63612,92012,54211,98514,34220,46426,53124,065
PP&E7,6079,38211,84514,14714,79615,60317,11722,22723,00923,82028,00932,09635,34441,72447,77055,76763,19469,30673,02975,04296,62598,871106,554114,460117,791125,318132,324141,164155,105168,487180,686190,536200,407
Assets66,90479,465119,595125,138108,371109,390105,629107,419101,74091,96999,577111,442110,825111,665116,252112,745114,862106,535106,350107,426122,955118,461124,732130,736135,101132,923142,372146,149147,790150,331181,163191,727191,835
Accounts Payable3,6503,9981,6911,1605862,4373,0135,0703,0512,8734,2234,7735,2983,8926,3065,7188,20111,60010,9016,7305,4335,3836,92011,7968,8836,9049,29211,79813,90812,42918,17617,14913,253
Long-Term Debt2,4002,2002,1001,9002,3002,1002,3002,1001,900
Liabilities15,73523,92532,46726,30314,54417,64115,81522,07620,34916,69217,91222,42223,58221,58921,68218,14120,97217,71716,58812,26011,66211,38512,59717,83817,41120,81724,67223,85425,82123,06941,98939,19433,644
Stockholders' Equity51,16955,54087,12898,83593,82791,74989,81485,34381,39175,27781,66589,02087,24390,07694,57094,60493,89088,81889,76295,166111,293107,076112,135112,898117,690112,106117,700122,295121,969127,262139,174152,533158,191
Income Statement ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-06-302013-09-302013-12-312013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue20,66437,78135,43840,62230,01036,49028,39532,48129,40527,40931,15235,41621,05229,53228,37223,27319,43721,61917,40326,19821,36718,25924,33621,39131,12233,30732,15130,76824,25828,13126,57829,37440,066
Cost of Revenue3,4886,6085,4226,93112,77412,71711,18319,07518,02817,70614,96612,78214,20518,45814,34916,34814,99616,68513,94913,80516,00417,03613,92016,16519,92118,03519,23121,24720,96520,17521,13922,88330,748
Gross Profit17,17631,17330,01633,69117,23623,77317,21213,40611,3779,70316,18622,6346,84711,07414,0236,9254,4414,9343,45412,3935,3631,22310,4165,22611,20115,27212,9209,5213,2937,9565,4396,4919,318
R&D
SG&A3,4033,098-5652,5719,4822,9334,5854,9095,4782,9413,0132,2494,3612,7132,7312,3882,9132,2222,1781,6702,0273,6581,8121,6751,9502,6852,3542,2252,1402,0112,7082,194
Tax1,8069,131017,30511,0875,7822,625-1,257-7145,9375,22912,3271,1092,7575,239288-8463,9266815,011787-1,7202,9429423,10317,3413,6465,5685241,0711,4612,417
Net Income3,13915,21837,98116,1224,5067,2979,170-1,284-1,830-4,0987,12516,764-1,4553,4195,053812-469-2,3347975,6081,594-3,6124,3768644,581-5,6715,4573,754-7818588821,7982,978
Cash Flow ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-06-302013-09-302013-12-312013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating15,61918,1834,94711,585-1211,802-7,3163,21012,35315,402-1,4598688,5975,0315,6743,7307,8205,9424079,0029,48412,13013,9585,5041,359-6481,7556,663
Cash Investing-3,967-2,246-5,181-1,157-803-1,299-775-791-5,987-3,240-1,342-4,930-6,985-9,882-4,943-5,522-4,427-2,254-2,490-6,140-9,642-5,042-7,330-7,774-10,976-8,785-12,652-7,727
Cash Financing-8,391-8,916-7,935-9,524-7,835-11,933-4,685-5,103-1,882-1,992-1,993-1,997-1,999-2,003-2,004-695-454116-852-284-350-475-274357-39110,31310,3861,996