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Gold Resource Corp. (GORO)
NYSE MKT:GORO
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.05Last Year’s EPS
-$0.03Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 66.44%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant operational challenges impacting production and financial results. However, there were notable achievements in cost reduction and safety, and promising future prospects with new mining areas. The company is strategically positioned to potentially improve its financial performance in the future.Company Guidance
During the Gold Resource Q2 2024 earnings call, the executives provided detailed guidance emphasizing several key metrics. They reported a net loss of $27.7 million, attributed mainly to a $16.5 million valuation allowance for deferred tax assets in Mexico and $3.7 million in interest on streaming liability due to rising gold prices. The company's production included processing nearly 94,000 tonnes of ore and selling approximately 2,724 ounces of gold and over 234,000 ounces of silver, equating to over 5,625 gold equivalent ounces. Additionally, they sold 197 tonnes of copper, approximately 490 tonnes of lead, and more than 1,770 tonnes of zinc. They highlighted that cost-saving initiatives reduced development unit costs by 10% and infill drilling costs by 20% compared to 2023. Despite operational challenges like heavy rains and road blockages, the company anticipates improving cash flow in Q4, with efforts ongoing to increase productivity and profitability.Zero Lost Time Incidents
The company successfully concluded the second quarter with zero lost time incidents, demonstrating a strong commitment to safety.
Cost Reduction Achievements
Mining development costs decreased by 10% on a cost per meter basis, and infill drilling unit costs were reduced by 20% compared to 2023.
Increased Production and Sales
Processed nearly 94,000 tonnes of ore in Q2, with sales of approximately 2,724 ounces of gold and over 234,000 ounces of silver, equating to over 5,625 gold equivalent ounces.
Potential New Mining Area
Plans to access new areas at Three Sisters and Gloria by Q1 2026, with promising drilling results indicating potentially higher grades.
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GORO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GORO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $0.15 | $0.15 | 0.00% |
| Aug 06, 2024 | $0.39 | $0.35 | -10.26% |
| May 02, 2024 | $0.46 | $0.43 | -6.52% |
| Mar 13, 2024 | $0.41 | $0.35 | -14.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gold Resource Corp. (GORO) report earnings?
Gold Resource Corp. (GORO) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Gold Resource Corp. (GORO) earnings time?
Gold Resource Corp. (GORO) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GORO EPS forecast?
GORO EPS forecast for the fiscal quarter 2024 (Q4) is -$0.05.
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