Gold Resource reports 2022 net loss of $6.3M, suspends dividend, production beat guidance

GOLD RESOURCE CORP

Net loss $6.3M on revenue $138.7M; mine gross profit $29.7M; sold 42,757 gold equivalent ounces (above guidance).
Cash balance $23.7M at year-end; operating cash inflow $14.2M including $18.6M tax payments.
Suspended quarterly dividend on Feb 13, 2023 to preserve cash for exploration and growth.
Invested C$2.4M in Maritime Resources for 9.9% stake; $31.3M invested in Don David Mine and Back Forty Project.
2022 financial results unaudited; BDO USA still completing audit; 10-K pending.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GOLD RESOURCE CORP reported the year ended December 31, 2022 results: revenue $138.7 million, net income net loss of $6.3 million.

Period: the year ended December 31, 2022
Revenue: $138.7 million
Net income: net loss of $6.3 million
Result: reported results

Exact text from the filing

For the year ended December 31, 2022, the company reported a net loss of $6.3 million with revenue of $138.7 million and mine gross profit of $29.7 million from operations.

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Source: SEC EDGAR

accession 0001558370-23-002735

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