NYSE$GORO

Gold Resource Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced financial results for the third quarter of 2022 and reiterated 2022 production and cost guidance.

Gold Resource Corporation reported a net loss of $9.7 million for Q3 2022, impacted by lower metal prices, higher depreciation, and Back Forty project expenses, while maintaining a strong cash balance of $22.5 million and investing over $24 million in capital and exploration.

  • Maintained a strong cash balance of $22.5 million as of September 30, 2022.
  • Invested over $24 million in capital and exploration.
  • Experienced a net loss of $9.7 million in Q3 2022 due to lower metal prices and increased expenses.
  • Advanced the feasibility study and permitting initiatives at the Back Forty Project in Michigan.

Headline financials

Total Revenue

$23.9M

Previous: $29M-17.8%
EPS (adj)

-$0.11

Previous: $0.02-650.0%
Capital Expenditures

-$14.1M

Previous: -$15.2M+7.2%
Free Cash Flow

-$23.9M

Previous: -$13.7M-74.3%
Net Income

-$9.73M

Previous: $1.53M-736.4%
Operating Income

-$9.95M

Previous: $3.88M-356.3%
Gross Profit

-$2.18M

Previous: $8.25M-126.4%
Cash & Equivalents

$22.5M

Previous: $29.5M-23.8%
Total Assets

$200M

Previous: $116M+71.7%
Stock-Based Comp

$450K

Previous: $30K+1400.0%

Revenue & EPS history

Gold Resource · Revenue · Quarterly

$23.9M

Q3 2022-17.8%vs Q3 2021
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 Q3 2022

Historical avgQ3 2022

+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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