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Mar 31, 2023
Gold Resource Q1 2023 Earnings Report
Reported strong first quarter gold production and a strengthened management team at the mine.
Key Takeaways
Gold Resource Corporation reported a net loss of $1 million with revenue of $31.2 million and mine gross profit of $3.9 million for the quarter ended March 31, 2023. The company sold 10,055 gold equivalent ounces and invested $5 million in the Don David Gold Mine and Back Forty Project.
Maintained a solid balance sheet with $21.4 million in cash
Sold 10,055 gold equivalent ounces
Completed more than 2,500 meters of expansion exploration drilling
EBITDA of $6.3 million
Forward Guidance
The company provided full year guidance for capital and exploration investments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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