other material
confidence high
sentiment negative
materiality 0.80
Gold Resource Corp Q3 net loss $7.3M, cash cost $1,839/oz; launches strategic review
GOLD RESOURCE CORP
- Net loss $7.341M ($0.08/sh), operating cash flow -$7.475M in Q3 2023.
- Total cash cost after co-product credits $1,839/oz; AISC $2,669/oz.
- Cash $6.7M, no debt, working capital $13.8M as of Sept 30, 2023.
- Board launches strategic alternatives review, including potential sale; Cormark Securities as financial advisor.
- Back Forty study shows $214M NPV, 25.7% IRR, 2.5-year payback.