Gold Resource (GORO) Financial Statements
Price: $0.5401
Market Cap: $51.55M
Avg Volume: 2.95M
Market Cap: $51.55M
Avg Volume: 2.95M
Country: US
Industry: Gold
Sector: Basic Materials
Industry: Gold
Sector: Basic Materials
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Gold Resource.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $97.73M | $138.72M | $125.20M | $90.69M | $135.37M | $115.31M | $110.16M | $83.23M | $92.70M | $115.41M |
| Cost of Revenue | $103.04M | $108.98M | $88.45M | $78.20M | $106.25M | $81.62M | $68.04M | $60.79M | $62.38M | $64.53M |
| Gross Profit | $-5.32M | $29.75M | $36.75M | $12.49M | $29.11M | $33.69M | $42.12M | $22.43M | $30.32M | $50.87M |
| Gross Profit Ratio | -5.44% | 21.44% | 29.40% | 13.77% | 21.51% | 29.22% | 38.23% | 26.95% | 32.71% | 44.08% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $6.58M | $10.00M | $8.72M | $10.63M | $9.95M | $9.32M | $8.12M | $9.53M | $10.25M | $12.34M |
| Selling and Marketing Expenses | $681.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $7.26M | $10.00M | $8.72M | $10.63M | $9.95M | $9.32M | $8.12M | $9.53M | $10.25M | $12.34M |
| Other Expenses | $- | $4.24M | $4.89M | $2.34M | $4.54M | $18.00K | $-1.17M | $-182.00K | $-2.47M | $-80.00K |
| Operating Expenses | $7.26M | $14.25M | $13.61M | $12.97M | $14.49M | $15.50M | $12.47M | $13.85M | $17.40M | $19.28M |
| Cost and Expenses | $116.12M | $123.22M | $102.06M | $91.17M | $120.74M | $97.12M | $80.51M | $74.64M | $79.78M | $83.82M |
| Interest Income | $- | $906.00K | $- | $- | $- | $- | $- | $- | $16.00K | $161.00K |
| Interest Expense | $1.47M | $906.00K | $- | $- | $- | $- | $- | $- | $87.00K | $161.00K |
| Depreciation and Amortization | $26.90M | $28.03M | $16.37M | $17.77M | $19.98M | $15.50M | $15.05M | $12.75M | $9.10M | $4.55M |
| EBITDA | $5.15M | $30.27M | $33.64M | $17.12M | $35.48M | $32.05M | $43.53M | $21.90M | $21.67M | $36.14M |
| EBITDA Ratio | 5.27% | 23.84% | 36.08% | 19.13% | 27.72% | 30.36% | 40.53% | 24.55% | 23.75% | 31.66% |
| Operating Income | $-11.90M | $5.71M | $29.02M | $-248.00K | $14.20M | $18.19M | $29.54M | $8.59M | $12.92M | $31.59M |
| Operating Income Ratio | -12.17% | 4.12% | 23.18% | -0.27% | 10.49% | 15.77% | 26.81% | 10.32% | 13.94% | 27.37% |
| Total Other Income Expenses Net | $-9.85M | $-4.46M | $-5.55M | $-510.00K | $-19.13M | $-1.46M | $-1.06M | $560.00K | $-2.47M | $-322.00K |
| Income Before Tax | $-21.75M | $2.24M | $17.64M | $-758.00K | $14.88M | $16.55M | $28.48M | $9.15M | $10.45M | $31.27M |
| Income Before Tax Ratio | -22.26% | 1.61% | 14.09% | -0.84% | 10.99% | 14.35% | 25.85% | 10.99% | 11.28% | 27.09% |
| Income Tax Expense | $-5.74M | $8.56M | $9.62M | $5.57M | $9.05M | $7.26M | $24.33M | $4.76M | $7.39M | $15.02M |
| Net Income | $-16.02M | $-6.32M | $8.03M | $-6.33M | $5.83M | $9.29M | $4.15M | $4.39M | $3.06M | $16.25M |
| Net Income Ratio | -16.39% | -4.56% | 6.41% | -6.98% | 4.31% | 8.05% | 3.77% | 5.27% | 3.30% | 14.08% |
| EPS | $-0.18 | $-0.07 | $0.11 | $-0.09 | $0.09 | $0.16 | $0.07 | $0.08 | $0.06 | $0.28 |
| EPS Diluted | $-0.18 | $-0.07 | $0.11 | $-0.09 | $0.09 | $0.16 | $0.07 | $0.08 | $0.06 | $0.28 |
| Weighted Average Shares Outstanding | 88.51M | 88.37M | 75.30M | 69.90M | 63.68M | 57.53M | 56.85M | 55.14M | 54.19M | 54.12M |
| Weighted Average Shares Outstanding Diluted | 88.51M | 88.37M | 75.61M | 69.90M | 64.03M | 58.37M | 57.59M | 55.73M | 54.26M | 54.62M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $6.25M | $23.68M | $33.71M | $25.41M | $11.08M | $7.76M | $22.39M | $14.17M | $12.82M | $27.54M |
| Short Term Investments | $- | $- | $589.00K | $671.00K | $4.26M | $3.64M | $3.81M | $3.31M | $2.99M | $3.45M |
| Cash and Short Term Investments | $6.25M | $23.68M | $34.30M | $26.08M | $15.34M | $11.40M | $26.20M | $17.47M | $15.81M | $30.99M |
| Net Receivables | $4.33M | $5.08M | $8.67M | $5.07M | $8.61M | $2.28M | $2.88M | $630.00K | $321.00K | $2.17M |
| Inventory | $9.29M | $13.50M | $10.36M | $9.99M | $24.13M | $14.34M | $11.64M | $8.95M | $8.75M | $7.29M |
| Other Current Assets | $6.61M | $3.84M | $6.17M | $1.73M | $14.37M | $2.81M | $1.77M | $1.10M | $10.29M | $7.57M |
| Total Current Assets | $26.50M | $46.10M | $58.91M | $42.87M | $50.65M | $31.06M | $42.49M | $29.28M | $32.62M | $47.10M |
| Property Plant Equipment Net | $138.63M | $152.56M | $156.77M | $62.51M | $132.69M | $111.24M | $82.60M | $70.06M | $51.64M | $32.35M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $-10.74M | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $5.29M | $5.17M | $- | $- | $- | $- | $- | $- | $231.00K | $2.62M |
| Tax Assets | $13.30M | $10.74M | $14.99M | $309.00K | $4.63M | $7.37M | $6.85M | $17.58M | $21.06M | $25.52M |
| Other Non-Current Assets | $170.00K | $339.00K | $-14.91M | $41.00K | $5.03M | $656.00K | $981.00K | $1.54M | $985.00K | $4.08M |
| Total Non-Current Assets | $157.39M | $158.07M | $156.85M | $62.86M | $142.36M | $119.27M | $90.43M | $89.18M | $73.92M | $64.56M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $183.89M | $204.17M | $215.76M | $105.73M | $193.01M | $150.33M | $132.92M | $118.46M | $106.53M | $111.67M |
| Account Payables | $8.38M | $13.33M | $13.31M | $8.78M | $9.05M | $12.43M | $6.90M | $5.38M | $11.60M | $3.89M |
| Short Term Debt | $- | $- | $- | $- | $879.00K | $1.18M | $950.00K | $- | $842.00K | $1.50M |
| Tax Payables | $1.20M | $3.94M | $9.78M | $1.03M | $1.54M | $1.93M | $4.30M | $2.03M | $230.00K | $7.91M |
| Deferred Revenue | $- | $- | $- | $- | $- | $1.93M | $4.58M | $- | $230.00K | $7.91M |
| Other Current Liabilities | $1.75M | $7.41M | $6.58M | $2.27M | $16.51M | $2.03M | $2.85M | $1.53M | $2.19M | $4.46M |
| Total Current Liabilities | $11.32M | $24.68M | $29.66M | $12.09M | $27.97M | $17.56M | $15.01M | $8.96M | $14.90M | $17.76M |
| Long Term Debt | $- | $- | $- | $- | $782.00K | $2.21M | $2.86M | $- | $- | $834.00K |
| Deferred Revenue Non-Current | $- | $43.47M | $42.56M | $- | $-12.40M | $-1.53M | $-902.00K | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $14.08M | $9.22M | $13.13M | $11.32M | $12.40M | $1.53M | $902.00K | $5.62M | $- | $- |
| Other Non-Current Liabilities | $61.79M | $73.65M | $52.23M | $3.11M | $6.20M | $3.30M | $2.95M | $2.42M | $2.81M | $2.99M |
| Total Non-Current Liabilities | $75.87M | $67.72M | $65.35M | $3.11M | $6.98M | $5.51M | $5.81M | $2.42M | $2.81M | $3.83M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $87.19M | $92.41M | $95.01M | $15.20M | $34.95M | $23.07M | $20.82M | $11.38M | $17.72M | $21.59M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $89.00K | $89.00K | $89.00K | $75.00K | $66.00K | $69.00K | $57.00K | $57.00K | $55.00K | $55.00K |
| Retained Earnings | $-8.31M | $7.71M | $17.56M | $12.65M | $16.88M | $12.66M | $4.52M | $2.04M | $-948.00K | $3.98M |
| Accumulated Other Comprehensive Income Loss | $-1.17M | $-1.17M | $-1.17M | $-1.17M | $-1.17M | $-1.17M | $-1.17M | $-1.17M | $-1.17M | $-1.17M |
| Other Total Stockholders Equity | $106.09M | $105.14M | $104.27M | $78.98M | $142.29M | $115.71M | $108.70M | $106.15M | $90.88M | $87.21M |
| Total Stockholders Equity | $96.69M | $111.76M | $120.75M | $90.54M | $158.06M | $127.26M | $112.11M | $107.08M | $88.82M | $90.08M |
| Total Equity | $96.69M | $111.76M | $120.75M | $90.54M | $158.06M | $127.26M | $112.11M | $107.08M | $88.82M | $90.08M |
| Total Liabilities and Stockholders Equity | $183.89M | $204.17M | $215.76M | $105.73M | $193.01M | $150.33M | $132.92M | $118.46M | $106.53M | $111.67M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $183.89M | $204.17M | $215.76M | $105.73M | $193.01M | $150.33M | $132.92M | $118.46M | $106.53M | $111.67M |
| Total Investments | $5.29M | $5.17M | $589.00K | $671.00K | $4.26M | $3.64M | $3.81M | $3.31M | $3.62M | $6.07M |
| Total Debt | $44.93M | $43.47M | $42.56M | $13.00K | $9.99M | $3.39M | $3.81M | $- | $842.00K | $2.33M |
| Net Debt | $-6.25M | $19.79M | $8.85M | $-25.39M | $-1.09M | $-4.38M | $-18.58M | $-14.17M | $-11.98M | $-25.21M |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-16.02M | $-6.32M | $8.03M | $-6.33M | $5.83M | $9.29M | $4.15M | $4.39M | $3.06M | $16.25M |
| Depreciation and Amortization | $26.22M | $27.36M | $16.15M | $17.60M | $23.32M | $15.17M | $15.00M | $12.59M | $9.10M | $4.55M |
| Deferred Income Tax | $-6.64M | $-3.54M | $-2.22M | $3.51M | $2.94M | $-501.00K | $14.99M | $-1.55M | $5.13M | $2.23M |
| Stock Based Compensation | $681.00K | $1.96M | $875.00K | $3.04M | $1.93M | $1.50M | $1.19M | $1.24M | $3.47M | $4.95M |
| Change in Working Capital | $-10.05M | $-5.34M | $9.24M | $4.61M | $-12.93M | $-4.37M | $-983.00K | $941.00K | $-3.59M | $9.08M |
| Accounts Receivables | $750.00K | $3.59M | $-4.45M | $4.14M | $-6.62M | $-220.00K | $-2.25M | $-309.00K | $1.09M | $891.00K |
| Inventory | $2.61M | $-2.55M | $-708.00K | $1.04M | $-7.85M | $-2.82M | $-2.80M | $-738.00K | $-555.00K | $-231.00K |
| Accounts Payables | $-7.11M | $284.00K | $5.93M | $-588.00K | $3.80M | $1.49M | $1.64M | $-3.58M | $3.36M | $-2.83M |
| Other Working Capital | $-6.30M | $-6.66M | $8.46M | $25.00K | $-2.27M | $-2.82M | $2.43M | $5.57M | $-7.49M | $11.26M |
| Other Non Cash Items | $591.00K | $44.00K | $2.71M | $12.97M | $322.00K | $1.18M | $1.28M | $298.00K | $3.00M | $596.00K |
| Net Cash Provided by Operating Activities | $-5.22M | $14.16M | $34.78M | $35.40M | $21.42M | $22.26M | $35.63M | $17.90M | $20.17M | $37.65M |
| Investments in Property Plant and Equipment | $-12.49M | $-18.23M | $-20.61M | $-12.81M | $-39.47M | $-40.08M | $-25.43M | $-15.14M | $-26.68M | $-17.90M |
| Acquisitions Net | $- | $1.21M | $-2.36M | $- | $- | $- | $- | $-311.00K | $-92.00K | $1.29M |
| Purchases of Investments | $- | $-1.74M | $- | $- | $- | $- | $- | $- | $- | $-1.80M |
| Sales Maturities of Investments | $- | $533.00K | $- | $4.85M | $195.00K | $- | $- | $749.00K | $37.00K | $32.00K |
| Other Investing Activities | $- | $-1.21M | $- | $-6.49M | $-193.00K | $6.00K | $-257.00K | $9.00K | $-92.00K | $1.76M |
| Net Cash Used for Investing Activities | $-12.49M | $-19.44M | $-22.97M | $-14.45M | $-39.47M | $-40.07M | $-25.69M | $-14.69M | $-26.74M | $-16.62M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $-257.00K | $-606.00K | $-1.50M | $-1.47M |
| Common Stock Issued | $85.00K | $- | $300.00K | $25.80M | $24.45M | $4.32M | $1.30M | $13.06M | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $-13.06M | $- | $- |
| Dividends Paid | $- | $-3.54M | $-3.37M | $-2.79M | $-1.49M | $-1.15M | $-1.14M | $-1.67M | $-6.50M | $-6.49M |
| Other Financing Activities | $62.00K | $-376.00K | $303.00K | $-28.23M | $-1.92M | $282.00K | $- | $391.00K | $- | $100.00K |
| Net Cash Used Provided by Financing Activities | $62.00K | $-3.91M | $-3.06M | $-5.22M | $21.82M | $3.45M | $-1.39M | $-1.89M | $-8.00M | $-7.86M |
| Effect of Forex Changes on Cash | $223.00K | $-839.00K | $-440.00K | $-528.00K | $-455.00K | $-266.00K | $-326.00K | $23.00K | $-146.00K | $-605.00K |
| Net Change in Cash | $-17.42M | $-10.04M | $8.31M | $15.20M | $3.31M | $-14.63M | $8.22M | $1.34M | $-14.72M | $12.57M |
| Cash at End of Period | $6.25M | $23.68M | $33.71M | $25.41M | $11.08M | $7.76M | $22.39M | $14.17M | $12.82M | $27.54M |
| Cash at Beginning of Period | $23.68M | $33.71M | $25.41M | $10.21M | $7.76M | $22.39M | $14.17M | $12.82M | $27.54M | $14.97M |
| Operating Cash Flow | $-5.22M | $14.16M | $34.78M | $35.40M | $21.42M | $22.26M | $35.63M | $17.90M | $20.17M | $37.65M |
| Capital Expenditure | $-12.49M | $-18.23M | $-20.61M | $-12.81M | $-39.47M | $-40.08M | $-25.43M | $-15.14M | $-26.68M | $-17.90M |
| Free Cash Flow | $-17.71M | $-4.08M | $14.17M | $22.59M | $-18.06M | $-17.82M | $10.20M | $2.76M | $-6.51M | $19.75M |