Thursday, September 22, 2016 4:20:19 PM
I expect earnings for the third quarter alone to be $0.15-$0.20/shr. And for them to reach 2016 production estimate early.
http://www.goldresourcecorp.com/releases/GRC-2016-08-02-1.pdf
2016 Q2 HIGHLIGHTS
• 10,011 gold ounces produced
• 572,499 silver ounces produced
• $26.2 million net sales
• $317 total cash cost per gold equivalent ounce (after by-product credits)
• $15.5 million adjusted cash flow from mine site operations
• $9.8 million by-product credits, or $631 per ounce sold
• $0.3 million dividend distributions, or $0.005 per share for quarter
Overview of Q2 2016 Results
Gold Resource Corporation’s Aguila Project produced 17,706 gold equivalent ounces at a total cash
cost of $317 per ounce (after by-product credits). Realized average metal price sales during the
quarter were $1,271 per ounce gold and $17.08 per ounce silver. The Company recorded net
income of $5.6 million, or $0.10 per share. Adjusted cash flow from mine site operations totaled
$15.5 million. The Company paid $0.3 million to shareholders in dividends, or $0.005 per share
during the quarter. Cash and cash equivalents at quarter end totaled $13.3 million. Realized gold
and silver prices increased 6% and 2%, respectively, compared to the second quarter of 2015.
Production for the first half of 2016 included 16,474 ounces of gold and 1,006,640 ounces of silver.
The Company maintains its 2016 Annual Outlook of 26,000 gold ounces, 1,900,000 silver ounces,
1,100 tonnes of copper, 3,200 tonnes of lead and 12,900 tonnes of zinc.
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