Gold Resource Reports Q2 Results Amidst Challenges
Company Announcements

Gold Resource Reports Q2 Results Amidst Challenges

Story Highlights

Gold Resource (GORO) has released an update.

Gold Resource Corporation announced positive second quarter results for 2024 from its Don David Gold Mine, with significant production of gold, silver, and other metals, despite facing production delays due to excessive rains and social issues. The company, however, reported a net loss of $27.7 million for the quarter, influenced by a valuation allowance on deferred tax assets, increased interest on streaming liabilities, and an investment loss.

For further insights into GORO stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyGold Resource price target raised to $1.75 from $1.50 at H.C. Wainwright
TipRanks Canadian Auto-Generated NewsdeskGold Resource Corporation Sets Q2 Earnings Call
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!