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Gold Resource Corp. (GORO)
:GORO
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.05Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 08, 2025
|% Change Since: -7.69%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant operational challenges faced in 2024, including low ore grades, equipment constraints, and a financial restatement. However, the discovery of the Three Sisters system and planned operational improvements are expected to address these challenges, leading to increased production and reduced costs. The sentiment is cautiously optimistic as the company plans to execute its turnaround strategy.Company Guidance
During the Gold Resource Year-End 2024 Earnings Call, the company outlined several metrics and strategies to address its recent challenges and improve future performance. The firm reported facing a "perfect storm" in 2024, with low-grade ore, equipment availability issues, and adverse weather impacting operations. To counter these, they discovered a new high-grade system called Three Sisters, projected to enhance mining efficiency and costs due to its location and quality. They plan to mobilize a contractor in Q2 and aim to have a new mining fleet operational by Q3, targeting a return to cash positivity by the end of Q3. Operational enhancements include increasing daily production capacity from 1,300 to 1,500 tons and improving safety, as evidenced by a year without a lost time injury. Financially, the company managed to cover operational costs despite a $4.7 million decrease in cash balance, attributing these to exploration, project maintenance, and administrative costs. The firm is also addressing a restatement of liabilities related to the Back Forty Project, which did not impact cash flow. Overall, they express confidence in their ability to execute these plans and improve profitability.Discovery of Three Sisters System
The company discovered a new system called the Three Sisters, expected to result in lower mining costs due to its proximity to the mine entrance and higher-grade ore.
Safety Milestone Achieved
The company celebrated one year without a lost time injury, reflecting a strong commitment to workplace safety.
Operational Improvements
Significant improvements in drilling, blasting practices, and narrow-vein long hole mining have reduced mining costs and improved material quality.
Expected Increase in Production
The company plans to increase daily production initially to 1,300 tons and then to 1,500 tons with the addition of a third filter for the tailings filter plant.
New Mining Fleet Acquisition
The acquisition of a lightly used mining fleet is expected to improve mechanical availability, productivity, and reduce repair and maintenance costs.
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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 |
|---|---|---|---|
| Apr 08, 2025 | $0.39 | $0.38 | -2.56% |
| 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% |
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 May 13, 2025, TBA Not Confirmed.
What is Gold Resource Corp. (GORO) earnings time?
Gold Resource Corp. (GORO) earnings time is at May 13, 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 2025 (Q1) is -0.05.
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