Press Release: Gold Resource Corporation Reports Financial Results for the Third Quarter of 2024

Silver (ozs.)         322,676      289,816      247,159      282,487      251,707      263,023      194,525 
Copper (tonnes)           336          334          276          341          280          181           93 
Lead (tonnes)           1,559        1,389        1,048        1,072          812          616          576 
Zinc (tonnes)           3,837        3,569        3,223        2,884        2,310        2,020        1,741 
Metal produced 
and sold 
Gold (ozs.)             6,508        4,287        3,982        3,757        3,557        2,724        1,357 
Silver (ozs.)         294,815      274,257      208,905      258,252      216,535      234,560      181,434 
Copper (tonnes)           332          327          245          327          264          197           98 
Lead (tonnes)           1,417        1,317          947          820          667          491          467 
Zinc (tonnes)           3,060        3,141        2,571        2,182        1,682        1,771        1,473 
Average metal 
prices realized 
Gold ($ per oz.)   $    1,915   $    2,010   $    1,934   $    1,985   $    2,094   $    2,465   $    2,561 
Silver ($ per 
 oz.)              $    23.04   $    24.93   $    23.61   $    23.14   $    23.29   $    30.49   $    30.61 
Copper ($ per 
 tonne)            $    9,172   $    8,397   $    8,185   $    8,205   $    8,546   $   10,428   $    8,832 
Lead ($ per 
 tonne)            $    2,158   $    2,153   $    2,196   $    2,122   $    1,977   $    2,235   $    2,065 
Zinc ($ per 
 tonne)            $    3,195   $    2,485   $    2,195   $    2,516   $    2,483   $    2,871   $    2,854 
Gold equivalent 
ounces sold 
Gold Ounces             6,508        4,287        3,982        3,757        3,557        2,724        1,357 
Gold Equivalent 
 Ounces from 
 Silver                 3,547        3,402        2,550        3,011        2,408        2,901        2,169 
Total AuEq oz          10,055        7,689        6,532        6,768        5,965        5,625        3,526 
Financial Data 
Total sales, net 
 (in thousands)    $   31,228   $   24,807   $   20,552   $   21,141   $   18,702   $   20,782   $   13,272 
Production Costs 
 (in thousands)    $   19,850   $   20,302   $   18,957   $   17,034   $   16,108   $   17,768   $   17,198 
Production 
 Costs/Tonnes 
 Milled            $      169   $      179   $      163   $      153   $      163   $      190   $      205 
Operating Cash 
 Flows (in 
 thousands)        $    1,024  ($     551)  ($   7,475)   $    1,783   $    1,482  ($      63)  ($   3,372) 
Net loss (in 
 thousands)       ($   1,035)  ($   4,584)  ($   7,341)  ($   3,057)  ($   4,021)  ($  27,734)  ($  10,495) 
Loss per share - 
 basic            ($    0.01)  ($    0.05)  ($    0.08)  ($    0.03)  ($    0.05)  ($    0.30)  ($    0.11) 
 
 

Q3 2024 Conference Call

The Company has elected to forego hosting a Q3 2024 conference call.

About GRC:

Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of an experienced board and senior leadership team, the Company's focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico and to develop the Back Forty Project in Michigan, USA. For more information, please visit the Company's website, located at www.goldresourcecorp.com.

Forward-Looking Statements:

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used in this press release, the words "plan," "target," "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, (i) the Company's anticipated near-term capital needs and potential sources of capital and (ii) the Company's ability to continue to operate the Don David Gold Mine in the absence of additional capital. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation as of the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. Also, there can be no assurance that production will continue at any specific rate. Forward-looking statements are subject to risks and uncertainties, including the ability of the Company to obtain additional capital on favorable terms or at all, production levels of the DDGM, possibility of lower than anticipated revenue or higher than anticipated costs at the Don David Gold Mine, volatility in commodity prices, and declines in general economic conditions. Additional risks related to the Company may be found in the periodic and current reports filed with the Securities and Exchange Commission by the Company, including the Company's Annual Report on Form 10-K for the year ended December 31, 2023, which are available on the SEC's website at www.sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241105090530/en/

 
    CONTACT:    Chet Holyoak 

Chief Financial Officer

Chet.holyoak@grc-usa.com

www.GoldResourceCorp.com

(END) Dow Jones Newswires

November 05, 2024 17:19 ET (22:19 GMT)