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Sep 30, 2022
Gold Resource Q3 2022 Earnings Report
Announced financial results for the third quarter of 2022 and reiterated 2022 production and cost guidance.
Key Takeaways
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.