NYSE$GORO

Gold Resource Corp · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported financial results for the first quarter of 2024.

Gold Resource Corporation reported a net loss of $4.0 million, or $0.05 per share, for the first quarter of 2024. The company produced and sold 3,557 ounces of gold and 216,535 ounces of silver. The company had a cash balance of $5.7 million with no debt and working capital of $13.6 million at the end of the quarter.

  • Produced and sold 3,557 ounces of gold and 216,535 ounces of silver.
  • Produced and sold 1,682 tonnes of zinc, 264 tonnes of copper, and 667 tonnes of lead.
  • Net loss was $4.0 million or $0.05 per share for the quarter, which was after $0.9 million in expenses for DDGM exploration development and underground drilling.
  • Cash balance of $5.7 million with no debt and working capital of $13.6 million at March 31, 2024.

Headline financials

Total Revenue

$18.7M

Previous: $31.2M-40.1%
EPS

-$0.05

Previous: -$0.01-400.0%
Total Tonnes Milled

98.9K

No prior period
Average Gold Grade (g/t)

1.89

No prior period
Average Silver Grade (g/t)

88

No prior period
Average Copper Grade (%)

0.4%

No prior period
Average Lead Grade (%)

1.3%

No prior period
Average Zinc Grade (%)

2.8%

No prior period
Gold Production (ozs.)

4.8K

No prior period
Silver Production (ozs.)

251.7K

No prior period
Copper Production (tonnes)

280

No prior period
Lead Production (tonnes)

812

No prior period
Zinc Production (tonnes)

2.3K

No prior period
Capital Expenditures

-$1.99M

Previous: -$3.14M+36.4%
Free Cash Flow

-$6.02M

Previous: -$4.17M-44.2%
Net Income

-$4.02M

Previous: -$1.04M-288.5%
Operating Income

-$5.91M

Previous: -$1.17M-405.4%
Gross Profit

-$2.17M

Previous: $3.93M-155.2%
Stock-Based Comp

$219K

Previous: $597K-63.3%

Revenue & EPS history

Gold Resource · Revenue · Quarterly

$18.7M

Q1 2024-40.1%vs Q1 2023
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+1.5%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+0.8%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+19.9%

Q1 2014

Best reaction

-19.5%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.4%-5.7%
Q4 2025-4.3%-8.5%+35.0%
Q3 2025+12.9%+21.0%+21.0%
Q1 2025+0.0%-6.3%+3.2%
Q4 2024+3.3%+15.4%+43.6%
Q3 2024+15.0%+23.1%+38.5%
Q2 2024-10.6%-7.5%-12.5%
Q1 2024-6.9%+0.0%+2.2%
Q4 2023+3.5%+23.5%+58.8%
Q3 2023-18.5%-36.6%-22.0%
Q2 2023-3.8%-4.5%-29.9%
Q1 2023-8.2%-6.1%-20.4%
Q4 2022+1.7%-8.3%+9.4%
Q3 2022-1.9%-3.1%+1.9%
Q2 2022+9.9%+6.2%+13.0%
Q1 2022-2.2%+2.2%+0.0%
Q4 2021-3.0%-4.8%+3.0%
Q3 2021+3.9%+4.4%+9.9%
Q2 2021+1.0%+2.9%-18.5%
Q1 2021-1.5%+1.1%+1.5%
Q4 2020-3.5%-7.3%-7.3%
Q3 2020+8.8%+11.3%+17.9%
Q2 2020+5.3%+2.1%-9.4%
Q1 2020-8.6%-2.9%-4.3%
Q4 2019+15.9%+10.9%-29.4%
Q3 2019+6.3%+14.6%+7.3%
Q2 2019-1.9%-12.7%-4.2%
Q1 2019-6.9%-11.8%-18.4%
Q4 2018-4.3%-11.0%-18.6%
Q3 2018-19.1%-21.9%-29.2%
Q2 2018-19.5%-13.3%-20.6%
Q1 2018+4.9%+6.5%+23.1%
Q4 2017+6.1%+11.7%+7.1%
Q3 2017-0.5%+3.8%+9.0%
Q2 2017-3.1%-16.0%-5.9%
Q1 2017+4.3%+4.3%+9.8%
Q4 2016+0.0%-8.4%-14.1%
Q3 2016+0.2%-10.7%-21.8%
Q2 2016+13.6%+9.3%+0.7%
Q1 2016+0.6%
Q4 2015+5.1%
Q3 2015-6.2%
Q2 2015+12.5%
Q1 2015+2.5%
Q4 2014+0.0%
Q3 2014+14.2%
Q2 2014+3.8%
Q1 2014+19.9%
Q4 2013+4.6%
Q3 2013-3.4%
Q2 2013+5.1%
Q1 2013+0.5%
Q1 2010+1.1%
Q4 2012+1.1%
Q3 2012+8.1%
Q2 2012-1.4%
Q1 2011+1.8%
Q1 2012+4.6%
Q4 2009-1.4%
Q4 2011-1.4%
Q3 2010-6.2%
Q3 2011-6.2%
Q2 2011+15.1%
Q2 2010+15.1%
Q4 2010+15.1%

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