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Sep 30, 2020
Gold Resource Q3 2020 Earnings Report
Reported net income for the third quarter of $5.0 million, or $0.07 per share.
Key Takeaways
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.
Forward Guidance
Company remains on track to achieve its annual production target of 40,000 gold ounces in 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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