NYSE$GORO

Gold Resource Corp · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Gold Resource Corp reported sharply lower production and a net loss for Q2 2025 amid equipment constraints and limited mining faces at its Don David Gold Mine.

Net sales fell 46% year-over-year to $11.2 million as gold-equivalent ounces sold dropped 57% to 2,420. The company posted a net loss of $11.5 million ($0.09 per share) and ended the quarter with $12.7 million in cash and $10.4 million in working capital after raising $21.3 million year-to-date through equity offerings, a tax refund, and a new loan.

  • DDGM produced and sold only 878 gold ounces and 150,365 silver ounces, driving total AuEq ounces sold down to 2,420.
  • Total cash costs after co-product credits rose to $4,017 per AuEq ounce and AISC reached $5,458 per AuEq ounce.
  • Realized gold and silver prices strengthened to $3,350/oz and $34.35/oz, partially offsetting volume declines.
  • Substantial doubt about going-concern status persists; management is seeking additional capital for fleet upgrades and development of the Three Sisters and Splay 31 zones.

Headline financials

Total Revenue

$11.2M

Previous: $20.8M-46.0%
EPS (adj)

-$0.09

Previous: -$0.01-800.0%
Tonnes milled

63.5K

No prior period
Gold produced (oz)

758

No prior period
Silver produced (oz)

196.4K

No prior period
AuEq ounces sold

2.4K

No prior period
Avg gold price realized

$3.35K

No prior period
Avg silver price realized

$34.35

No prior period
Total cash cost per AuEq oz

$4.02K

No prior period
AISC per AuEq oz

$5.46K

No prior period
Capital Expenditures

-$4.72M

Previous: -$4.01M-17.7%
Net Income

-$11.5M

Previous: -$27.7M+58.6%
Operating Income

-$11.5M

Previous: -$11.3M-2.0%
Cash & Equivalents

$12.7M

No prior period

Revenue & EPS history

Gold Resource · Revenue · Quarterly

$11.2M

Q2 2025-46%vs Q2 2024
Beat estimate in 8 of 12 quarters(67%)
ActualEstimate

Forward guidance

Management continues to pursue equipment upgrades and development capital while warning that operations may not extend beyond Q3 2026 without successful execution.

Tailwinds

  • New capital raised via ATM, direct offering, tax refund, and $6.28 million loan
  • High-grade intercepts confirmed at Three Sisters vein system

Headwinds

  • Substantial doubt about ability to continue as a going concern
  • Aging equipment fleet and single-face mining constrain near-term output

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

+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
Q2 2025
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 2011-1.4%
Q4 2009-1.4%
Q3 2010-6.2%
Q3 2011-6.2%
Q4 2010+15.1%
Q2 2010+15.1%
Q2 2011+15.1%

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