secwatch.observer — SEC 8-K summary
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Issuer:     GOLD RESOURCE CORP (GORO)
CIK:        0001160791
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001558370-24-011142
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1160791/000155837024011142/0001558370-24-011142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1160791/000155837024011142/goro-20240806x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-011142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer