NYSE$GORO

Gold Resource Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported net income for the third quarter of $5.0 million, or $0.07 per share.

Gold Resource Corporation reported a successful third quarter with a net income of $5.0 million, or $0.07 per share. The Oaxaca Mining unit returned to generating free cash flow, and the Nevada Mining Unit achieved record quarterly gold production, increasing by 51% over the prior quarter. The company also initiated the spin-off of the Nevada Mining Unit to shareholders as Fortitude Gold Corporation.

  • Celebrated 10 years of production, over $1 billion in revenue and $114 million in shareholder dividends.
  • Achieved record gold production from Isabella Pearl of 7,847 gold ounces.
  • Consolidated production of 12,575 gold ounces and 333,761 silver ounces.
  • Reported net income of $5.0 million or $0.07 per share.

Headline financials

Total Revenue

$42.3M

Previous: $40.1M+5.5%
EPS (adj)

$0.07

Previous: $0.05+40.0%
Capital Expenditures

-$12.9M

Previous: -$29.2M+55.7%
Free Cash Flow

-$7.91M

Previous: -$26.2M+69.8%
Net Income

$5M

Previous: $2.98M+67.9%
Operating Income

$6.98M

Previous: $5.4M+29.3%
Gross Profit

$10.9M

Previous: $9.32M+17.0%
Cash & Equivalents

$31.3M

Previous: $8.76M+257.6%
Total Assets

$203M

Previous: $192M+6.1%
Stock-Based Comp

$305K

Previous: $367K-16.9%

Revenue & EPS history

Gold Resource · Revenue · Quarterly

$42.3M

Q3 2020+5.5%vs Q3 2019
Beat estimate in 2 of 9 quarters(22%)
ActualEstimate

Forward guidance

Company remains on track to achieve its annual production target of 40,000 gold ounces in 2021.

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 Q3 2020

Historical avgQ3 2020

+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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