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Mar 31, 2020
Gold Resource Q1 2020 Earnings Report
Reported consolidated production results with a net loss due to lower revenues and higher non-cash depreciation and amortization.
Key Takeaways
Gold Resource Corporation reported consolidated production results for Q1 2020 with a net revenue of $28 million and $5 million operating cash flow. The company recorded a net loss of $3.1 million, or $0.05 per share. The Mexican government declared a country-wide health emergency and mandatory non-essential business suspension due to COVID-19, requiring the company to suspend its Mexico operations and withdraw its 2020 production outlook.
Strong balance sheet with $18.4 million cash and cash equivalents.
Net sales were $28.0 million.
Operating cash flow was $5 million.
Precious metal quarterly production was on target with 10,142 gold ounces and 407,625 silver ounces produced.
Gold Resource
Gold Resource
Forward Guidance
Company withdrew its 2020 production outlook due to the pandemic.