earnings
confidence high
sentiment negative
materiality 0.60
Gold Resource Corp posts Q3 net loss of $9.7M; revenue down to $23.9M on lower metals pricing
GOLD RESOURCE CORP
2022-Q3 EPS reported
-$0.03
revenue$106,350,000
- Net loss of $9.7M ($0.11 loss per share) vs. net income of $1.5M in Q3 2021.
- Revenue of $23.9M, down from $29.0M in Q3 2021, driven by lower precious and base metal prices.
- Cash balance $22.5M; invested $24.2M in capital/exploration YTD, including $6.9M on Back Forty feasibility.
- Reiterated FY2022 production and cost guidance; safety initiatives slowed production temporarily.
- Gold equivalent sold 8,042 oz; total cash cost $1,103/oz and AISC $1,831/oz.