Gold Resource reports 2024 results: going concern warning, cash down to $1.6M, production fell sharply

GOLD RESOURCE CORP

2025-Q1 EPS reported -$0.07 revenue$12,354,000

2024 AuEq production of 18,580 oz (8,598 oz gold, 817,333 oz silver); cash costs $2,330/oz, AISC $2,939/oz.
Cash balance $1.6M at Dec 31, 2024; working capital $2.1M, down 86% from $15.2M year ago.
Substantial doubt about going concern; needs ~$7M for equipment/mill upgrades and ~$8M working capital over 12 months.
Secured $5.5M in Jan–Feb 2025 via direct offering ($2.5M) and ATM ($3.0M); sold Green Light Metals for ~$0.9M.
Without additional funding, mine may not operate beyond H1 2025 and could be placed on care and maintenance.

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