Gold Resource posts FY 2023 net loss of $16.0M; suspends dividend, initiates strategic review

GOLD RESOURCE CORP

Net loss of $16.0M on revenue $97.7M; produced 18,534 oz gold and 1,036,229 oz silver.
Cash cost after co-product credits $1,250/AuEq oz; all-in sustaining cost $1,630/AuEq.
Cash balance $6.3M, no debt; working capital $15.2M, down 29% YoY.
Suspended quarterly dividends in Feb 2023; Board initiated formal strategic review in Nov 2023 for potential sale or merger.
2024 guidance: 13,000-15,000 gold oz, 1.25-1.4M silver oz; cash cost $1,100-$1,300/AuEq.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

GOLD RESOURCE CORP reported financial results for the year ended December 31, 2023.

Period: the year ended December 31, 2023
Result: reported results

Exact text from the filing

Gold Resource Corporation (“the Company”) issued a news release reporting its production and unaudited financial results for the year ended 2023. A copy of the news release is attached as Exhibit 99.1 to this report.

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Source: SEC EDGAR

accession 0001558370-24-003122

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