Gold Resource Corporation Reports Q1 2025 Net Loss of $8.3 Million, EPS at $0.07 Amid Lower Production

Reuters
05/13
Gold Resource Corporation Reports Q1 2025 Net Loss of $8.3 Million, EPS at $0.07 Amid Lower Production

Gold Resource Corporation (NYSE American: GORO) has released its financial results for the first quarter of 2025, reporting a net loss of $8.3 million. This loss was primarily due to lower production and a decrease in net sales, as production was significantly affected by the aging mining fleet and reduced availability of critical mining equipment. The company reported a total cash cost after co-product credits of $2,494 per gold equivalent (AuEq) ounce and a total all-in sustaining cost (AISC) after co-product credits of $3,252 per AuEq ounce for the quarter. The company's working capital as of March 31, 2025, stood at $6.2 million, with $4.9 million in cash. During the first quarter of 2025, the Don David Gold Mine (DDGM) produced and sold 3,394 gold equivalent ounces, comprising 859 gold ounces and 230,320 silver ounces. The average sales price per ounce was $2,956 for gold and $32.54 for silver. Production levels at DDGM were lower than in previous years, influenced by equipment availability issues due to the age and condition of some machinery. Despite these challenges, Gold Resource Corporation has secured additional capital through ATM sales and received an anticipated tax refund, which has strengthened its balance sheet. The company is actively assessing equipment options and pursuing targeted purchases of high-quality rebuilt or overhauled equipment to accelerate development and reduce costs. Additionally, contractor negotiations are underway to fast-track access to new zones as part of the company's disciplined execution plan.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gold Resource Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250512576161) on May 12, 2025, and is solely responsible for the information contained therein.

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