earnings
confidence high
sentiment negative
materiality 0.70
Gold Resource Q4 2023 AuEq sales drop 42% YoY to 6,768 oz
GOLD RESOURCE CORP
2023-FY EPS reported
-$0.18
revenue$97,728,000
- Q4 2023 gold sales 3,757 oz vs 7,514 oz in Q4 2022; silver 258,252 oz vs 335,168 oz.
- Full-year 2023 AuEq sales 31,085 oz vs 42,757 oz in 2022, down 27%.
- CEO cites lower grades as planned, plus weaker metal prices and strong Mexican peso.
- Quarterly mill throughput 111,255 tonnes; avg gold grade fell to 1.44 g/t from 2.51 g/t.
- Conference call set for March 14, 2024; drill program showed potential for future production.