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.
Recent GORO News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 09:00:10 PM
- Gold Resource Corporation Reports Financial Results for the Second Quarter of 2024 • Business Wire • 08/06/2024 09:42:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 08:45:52 PM
- Gold Resource Corporation Announces Q2 2024 Conference Call • Business Wire • 07/30/2024 01:43:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/20/2024 03:07:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 07:21:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 07:19:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 07:16:38 PM
- Gold Resource Corporation Reports Financial Results for the First Quarter 2024 • Business Wire • 05/02/2024 11:00:00 PM
- Gold Resource Corporation Will Reschedule Release of Its First Quarter 2024 Results • Business Wire • 04/30/2024 12:16:00 AM
- Gold Resource Corporation Announces Preliminary First Quarter Production Results • Business Wire • 04/16/2024 01:02:00 AM
- Gold Resource Corporation Reports Results of Operations for the Year Ended December 31, 2023 • Business Wire • 03/13/2024 08:59:00 PM
- Gold Resource Corporation Announces Preliminary Fourth Quarter and Year-End Results • Business Wire • 01/30/2024 05:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/10/2024 10:46:55 PM
- Gold Resource Corporation Reports High Grade Drill Results at the Don David Gold Mine • Business Wire • 12/11/2023 11:37:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/07/2023 02:42:24 AM
- Gold Resource Corporation Reports Third Quarter Operational Results and Announces the Initiation of a Review to Evaluate Strategic Alternatives • Business Wire • 11/07/2023 02:22:00 AM
- Gold Resource Corporation Will Reschedule Release of Its Third Quarter 2023 Results • Business Wire • 11/03/2023 01:48:00 AM
- Gold Resource Corporation Reports the Filing of a SK1300 Initial Assessment for the Back Forty Project • Business Wire • 10/26/2023 10:31:00 PM
- Gold Resource Corporation Announces Q3 2023 Conference Call • Business Wire • 10/23/2023 07:35:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/20/2023 10:01:30 AM
- Gold Resource Corporation Announces Preliminary Third Quarter Results • Business Wire • 10/16/2023 10:34:00 PM
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