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Jun 30, 2022

Gold Resource Q2 2022 Earnings Report

Improved year-over-year financial results and maintained a strong balance sheet.

Key Takeaways

Gold Resource Corporation reported improved year-over-year financial results for Q2 2022, with a cash balance of over $33.3 million after investing over $15 million in capital and exploration. The company also reported operating cash flow of $12.2 million and EBITDA of $29.0 million. Production remains solid at the Don David Gold Mine in Mexico.

Cash balance of over $33.3 million after over $15 million invested in capital and exploration

Operating cash flow of $12.2 million and EBITDA of $29.0 million

Production remains solid at the Don David Gold Mine in Mexico

Reiterated 2022 production and cost guidance

Total Revenue
$37.1M
Previous year: $30.8M
+20.2%
EPS
$0.03
Previous year: $0.02
+50.0%
Gross Profit
$8.02M
Previous year: $6.88M
+16.6%
Cash and Equivalents
$33.3M
Previous year: $30.5M
+9.2%
Free Cash Flow
$3.41M
Previous year: $4.29M
-20.5%
Total Assets
$214M
Previous year: $115M
+86.4%

Gold Resource

Gold Resource

Gold Resource Revenue by Geographic Location

Forward Guidance

The company reiterated its 2022 production and cost guidance and is focused on favorably impacting environment, social and governance programs while creating operational efficiencies and longevity.