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Sep 30, 2023
Gold Resource Q3 2023 Earnings Report
Reported third quarter operational results and announced the initiation of a review to evaluate strategic alternatives.
Key Takeaways
Gold Resource Corporation reported its Q3 2023 operational results, which aligned with the 2023 mine plan and guidance. However, financial results were lower than planned due to factors such as a strengthening Mexican Peso, increased power costs, and lower metal prices. The company initiated a review of strategic alternatives to maximize shareholder value.
Total cash cost after co-product credits for the quarter was $1,839 per gold equivalent ounce.
Exploration drilling program at DDGM continues to yield encouraging drill results.
Completed Back Forty Optimization Study that indicates after-Tax: a $214 million NPV6% with a 25.7% IRR and a 2.5 year payback
Initiated a formal review process to evaluate strategic alternatives for the Company.
Gold Resource
Gold Resource
Forward Guidance
The company is reviewing strategic alternative to maximize shareholder value.