Gold Resource Corp. Files 8-K with Financial Statements

TL;DR

GORO filed an 8-K on Dec 3rd - mostly financial docs, no major news.

AI Summary

On December 3, 2024, Gold Resource Corp. filed an 8-K report. The filing primarily concerns financial statements and exhibits, indicating a routine update or disclosure related to the company's financial status and operations. No specific material events or transactions were detailed in the provided excerpt.

Why It Matters

This filing provides an update on Gold Resource Corp.'s financial information, which is crucial for investors to assess the company's performance and stability.

Risk Assessment

Risk Level: low — The filing appears to be a routine disclosure of financial statements and exhibits, not indicating any immediate or significant risks.

Key Numbers

• 001-34857 — SEC File Number (Identifies the company's filing with the SEC.)
• 84-1473173 — IRS Employer Identification Number (Company's tax identification number.)

Key Players & Entities

• GOLD RESOURCE CORP (company) — Registrant
• December 3, 2024 (date) — Date of Report
• Colorado (location) — State of Incorporation
• Denver, Colorado (location) — Principal Executive Offices Address
• 303-320-7708 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $3.8 million — a tax refund request for approximately $3.8 million ($76 million pesos). This amount is exp
• $76 million — request for approximately $3.8 million ($76 million pesos). This amount is expected to be r

Filing Documents

• goro-20241203x8k.htm (8-K) — 56KB
• goro-20241203xex99d1.htm (EX-99.1) — 14KB
• goro-20241203xex99d1001.jpg (GRAPHIC) — 14KB
• 0001558370-24-015989.txt ( ) — 215KB
• goro-20241203.xsd (EX-101.SCH) — 3KB
• goro-20241203_lab.xml (EX-101.LAB) — 16KB
• goro-20241203_pre.xml (EX-101.PRE) — 11KB
• goro-20241203x8k_htm.xml (XML) — 5KB

01 Other Events

Item 8.01 Other Events On December 2, 2024, Gold Resource Corporation ("the Company") issued a press release announcing an update to the operational and liquidity matters that were reported at the end of the third quarter. During the month of November, the Company has seen an improvement in production at the Don David Gold Mine ("DDGM") as compared to earlier in the fourth quarter. Strategic mine planning succeeded in providing sufficient mining faces, and issues with the filter press and mill have been addressed for the time being. The improved production during the month, combined with high metal prices and the favorable US dollar to peso exchange rate, allowed the mine to operate at slightly better than break-even cash flow during the month. While the Company's available cash balance remains a concern, based on recent performance at the mine, the Company currently expects that operations at DDGM could continue through at least the first quarter of 2025 without immediate capital infusions. The Company still requires additional funding for mining equipment, mill upgrades and working capital to develop the Three Sisters and Splay 31 areas that will be the basis for future production at DDGM. Without additional capital, the Company currently expects that DDGM will not be able to operate near break-even cash flow beyond the first quarter of 2025. If any significant unforeseen production or processing challenges were to materialize at DDGM, the Company's ability to continue to operate DDGM in the near-term would be further jeopardized. Various financing and funding options are currently being evaluated by the Company. The Company has also identified an overpayment by DDGM of Mexico taxes in 2023 and has submitted a tax refund request for approximately $3.8 million ($76 million pesos). This amount is expected to be refunded to the Company in 2025, although the exact timing of payment is unpredictable.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements that involve risks and uncertainties. The statements contained in this Current Report on Form 8-K that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used in this Current Report on Form 8-K, the words "plan," "target," "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, (i) the Company's ability to achieve approximately break-even cash flow at DDGM through the first quarter of 2025, (ii) the Company's anticipated near-term capital needs and potential sources of capital, and (iii) the timing and amount of an anticipated tax refund in Mexico. All forward-looking statements in this Current Report on Form 8-K are based upon information available to Gold Resource Corporation as of the date of this Current Report on Form 8-K, and the Company assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this Current Report on Form 8-K. Also, there can be no assurance that production will continue at any specific rate. Forward-looking statements are subject to risks and uncertainties, including the possibility of unforeseen production or processing challenges at DDGM, such as mechanical breakdowns, staffing shortages, weather events, unexpected decreases in grade, lower than anticipated production at existing mining faces, or inability or delays in opening new mining faces; the ability of the Company to obtain additional capital on favorable terms or at al

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits. The following exhibits are furnished with this report: Exhibit Number Description of Exhibit 99.1 News Release dated December 2, 2024. 104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GOLD RESOURCE CORPORATION Date: December 3, 2024 By: /s/ Allen Palmiere Name: Allen Palmiere Title: Chief Executive Officer and President 4

View Full Filing

View this 8-K filing on SEC EDGAR