Overview
* Gold Resource Corp ( GORO ) reports Q3 net loss of $4.7 mln due to lower production and sales
* The miner, however, increased production by the end of Q3 with new equipment and contractors
Outlook
* Company expects positive operating income for the remainder of 2025
* Gold Resource ( GORO ) faces liquidity concerns, raising doubts about its ability to continue as a going concern
* Company believes new mining areas could enhance cash flow
Result Drivers
* NEW EQUIPMENT - Co began receiving new equipment, improving production capabilities by end of Q3
* PERSISTENT LOSSES - YTD losses of $24.5 mln raise substantial going-concern doubts
* EARLY QUARTER CONSTRAINTS - Quarterly net loss was driven by lower tonnes produced and ounces sold earlier in Q3
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Net $4.7 mln
Loss
Analyst Coverage
* The one available analyst rating on the shares is "buy"
* The average consensus recommendation for the diversified mining peer group is "buy"
* Wall Street's median 12-month price target for Gold Resource Corp ( GORO ) is $1.25, about 49.7% above its November 4 closing price of $0.63
Press Release:
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)