Gold Resource (US:GORO) Businesswire·2025-11-04 23:54Core Insights - Gold Resource Corporation reported a total production of 6,298 gold equivalent ounces in Q3 2025, consisting of 1,422 gold ounces and 417,710 silver ounces, with average sales prices of $3,546 per gold ounce and $41.39 per silver ounce [5][10] - The company is experiencing a turnaround at the Don David Gold Mine, with improvements in equipment availability and mining methods leading to increased production [2][8] - The company had a net loss of $4.7 million for the quarter, primarily due to lower production and sales, but anticipates positive operating income in the remaining months of 2025 [5][10] Production and Operations - The Don David Gold Mine produced 6,298 gold equivalent ounces in Q3 2025, with a breakdown of 1,422 gold ounces and 417,710 silver ounces [5] - The average grades for gold and silver were 1.11 g/t and 250 g/t respectively during Q3 2025, showing an increase in silver grades compared to previous quarters [12] - The company has transitioned to a cut-and-fill mining method in certain areas, which has significantly reduced dilution and improved production efficiency [2][5] Financial Performance - The company reported a net loss of $4.7 million, or $0.03 per share, for Q3 2025, attributed to lower tonnes produced and fewer ounces sold [5][10] - As of September 30, 2025, the company had $12.8 million in working capital and $9.8 million in cash and cash equivalents [5] - The total cash cost after co-product credits for the quarter was $2,116 per gold equivalent ounce, while the all-in sustaining cost was $2,983 per gold equivalent ounce [5] Capital and Investments - The company raised approximately $11.4 million through a registered direct offering in September 2025, which will be used to improve its financial position and fund ongoing operations [9][10] - For the nine months ended September 30, 2025, total capital and exploration investments amounted to $14.86 million, compared to $9.94 million in the same period of 2024 [11][12] - Sustaining investments for underground development were $2.62 million, while growth investments totaled $8.8 million, indicating a focus on both maintaining and expanding operations [11][12] Future Outlook - The company believes the mine has the potential to generate positive cash flow based on new discoveries and improvements in production methods [8] - The company is in the process of developing access to new areas for exploration and production, with plans for future drilling once financial conditions improve [7][10] - The management anticipates continued progress in production and financial performance for the remainder of 2025 [2][8]