Gold Resource reports Q2 net loss of $27.7M on $20.8M revenue, gold output down

GOLD RESOURCE CORP

2024-Q2 EPS reported -$0.35 vs consensus -$0.04 ▼ miss (-757.8%)

Net loss $27.7M ($0.30/sh) vs Q2 2023 loss $4.6M; includes $16.5M tax valuation allowance and $3.7M interest on streaming liabilities.
Revenue $20.78M, down from $24.81M in Q2 2023; production costs $17.77M, cost per tonne milled $190.
Gold produced 2,947 oz, sold 2,724 oz at avg $2,465/oz; silver sold 234,560 oz at $30.49/oz.
Cash $5.3M, working capital $14.3M at June 30; sustaining investments $4.3M YTD.
CEO cites excessive rains, social issues in Mexico for production delays; drilling program progressing.

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