Quarterly ResultMay 8, 2026, 06:07 AM
Gold Resource Corp Q1 Net Income $4.7M; AuEq Ounces 8,749
AI Summary
Gold Resource Corporation reported Q1 2026 net income of $4.7 million, or $0.03 per share, marking a return to positive net income. The company produced and sold 8,749 gold equivalent ounces from its Don David Gold Mine, with significant year-over-year increases in gold and silver production. Additionally, the proposed merger with Goldgroup Mining Inc. received unconditional approval from the Mexican National Antitrust Commission and is anticipated to close in the third quarter of 2026.
Key Highlights
- Q1 2026 net income was $4.7 million, or $0.03 per share.
- Produced and sold 8,749 gold equivalent ounces in Q1 2026.
- Q1 2026 production included 1,548 gold ounces (+126% YoY) and 374,232 silver ounces (+54% YoY).
- Total cash costs were $2,164 per AuEq ounce; all-in sustaining cost was $3,476 per AuEq ounce.
- Working capital was $40.2 million and cash $31.0 million as of March 31, 2026.
- Total tonnes milled increased 31% YoY to 74,444 in Q1 2026.
- Merger with Goldgroup Mining Inc. received Mexican antitrust approval on April 27, 2026.
- Merger with Goldgroup Mining Inc. is expected to close in Q3 2026.
Price Impact
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