Gold Resource Corporation (GORO) 10-Year Financial Performance & Capital Metrics

GORO • • Industrial / General

Basic MaterialsGoldDevelopment-Stage Gold CompaniesEarly-Stage Development

AboutGold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. Its principal asset is the 100% owned Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan. The company was founded in 1998 and is headquartered in Denver, Colorado.Show more

Revenue $65M -33.8%
EBITDA -$8M -194.8%
Net Income -$57M -134.0%
EPS (Diluted) -0.61 -125.9%
Gross Margin -36.75% -226.4%
EBITDA Margin -12.5% -243.1%
Operating Margin -44.41% -137.6%
Net Margin -87.25% -253.3%
ROE -104.91% -317.6%
ROIC -43.21% -155.9%
Debt/Equity -
Interest Coverage -2.17 -18.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 87 (top 13%)
✓Trading near 52-week high

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 11.4% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.71%

5Y-11.4%

3Y-19.51%

TTM-16.27%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM20.04%

EPS CAGR

10Y-

5Y-

3Y-

TTM35.41%

ROCE

10Y Avg7.68%

5Y Avg0.72%

3Y Avg-8.44%

Latest-18.92%

Peer Comparison

Early-Stage Development

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TRXTRX Gold Corporation	286.96M	1.00	416.67	39.98%	1.19%	0.92%	0.9%	0.04
GOROGold Resource Corporation	200.59M	1.24	-2.03	-33.76%	-63.3%	-149.11%
PZGParamount Gold Nevada Corp.	105M	1.34	-10.31			-10%		0.35
NVAWWNova Minerals Limited		42.99				-18.27%		0.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	92.24M	82.75M	108.79M	119.52M	118.59M	90.69M	124.19M	139.09M	97.76M	64.76M
Revenue Growth %	-0.21%	-0.1%	0.31%	0.1%	-0.01%	-0.24%	0.37%	0.12%	-0.3%	-0.34%
Cost of Goods Sold+	69.53M	65.11M	72.39M	86.32M	96.69M	60.64M	93.49M	122.03M	108.76M	88.55M
COGS % of Revenue	0.75%	0.79%	0.67%	0.72%	0.82%	0.67%	0.75%	0.88%	1.11%	1.37%
Gross Profit+	22.71M	17.65M	36.4M	33.2M	21.9M	30.05M	30.71M	17.06M	-11.01M	-23.8M
Gross Margin %	0.25%	0.21%	0.33%	0.28%	0.18%	0.33%	0.25%	0.12%	-0.11%	-0.37%
Gross Profit Growth %	-0.49%	-0.22%	1.06%	-0.09%	-0.34%	0.37%	0.02%	-0.44%	-1.65%	-1.16%
Operating Expenses+	10.25M	9.53M	8.12M	10.8M	8.53M	13.12M	8.57M	10M	7.26M	4.96M
OpEx % of Revenue	0.11%	0.12%	0.07%	0.09%	0.07%	0.14%	0.07%	0.07%	0.07%	0.08%
Selling, General & Admin	10.25M	9.53M	8.12M	10.69M	7.65M	13.12M	8.57M	10M	7.26M	4.96M
SG&A % of Revenue	0.11%	0.12%	0.07%	0.09%	0.06%	0.14%	0.07%	0.07%	0.07%	0.08%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	-114K	-885K	0	0	0	0	0
Operating Income+	12.46M	8.11M	28.28M	22.4M	13.36M	16.93M	22.14M	7.06M	-18.27M	-28.76M
Operating Margin %	0.14%	0.1%	0.26%	0.19%	0.11%	0.19%	0.18%	0.05%	-0.19%	-0.44%
Operating Income Growth %	-0.62%	-0.35%	2.49%	-0.21%	-0.4%	0.27%	0.31%	-0.68%	-3.59%	-0.57%
EBITDA+	21.59M	20.87M	43.33M	37.9M	33.34M	34.53M	38.5M	35.09M	8.54M	-8.09M
EBITDA Margin %	0.23%	0.25%	0.4%	0.32%	0.28%	0.38%	0.31%	0.25%	0.09%	-0.12%
EBITDA Growth %	-0.42%	-0.03%	1.08%	-0.13%	-0.12%	0.04%	0.11%	-0.09%	-0.76%	-1.95%
D&A (Non-Cash Add-back)	9.14M	12.75M	15.05M	15.5M	19.98M	17.6M	16.37M	28.03M	26.81M	20.66M
EBIT	10.45M	9.15M	28.48M	16.55M	15.5M	649K	17.64M	2.24M	-30.03M	-47.24M
Net Interest Income+	-71K	0	0	0	0	0	0	-906K	-9.97M	-13.24M
Interest Income	16K	0	0	0	0	0	0	0	0	0
Interest Expense	87K	0	0	0	0	0	0	906K	9.97M	13.24M
Other Income/Expense	-2M	1.03M	198K	-5.85M	2.13M	-17.69M	-4.49M	-4.82M	-11.76M	-18.48M
Pretax Income+	10.45M	9.15M	28.48M	16.55M	15.5M	-758K	17.64M	2.24M	-30.03M	-47.24M
Pretax Margin %	0.11%	0.11%	0.26%	0.14%	0.13%	-0.01%	0.14%	0.02%	-0.31%	-0.73%
Income Tax+	7.39M	4.76M	24.33M	7.26M	9.97M	5.57M	9.62M	8.56M	-5.88M	9.26M
Effective Tax Rate %	0.29%	0.48%	0.15%	0.56%	0.36%	8.35%	0.46%	-2.82%	0.8%	1.2%
Net Income+	3.06M	4.39M	4.15M	9.29M	5.53M	-6.33M	8.03M	-6.32M	-24.14M	-56.5M
Net Margin %	0.03%	0.05%	0.04%	0.08%	0.05%	-0.07%	0.06%	-0.05%	-0.25%	-0.87%
Net Income Growth %	-0.81%	0.43%	-0.05%	1.24%	-0.4%	-2.14%	2.27%	-1.79%	-2.82%	-1.34%
Net Income (Continuing)	3.06M	4.39M	4.15M	9.29M	5.53M	-6.33M	8.03M	-6.32M	-24.14M	-56.5M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.06	0.08	0.07	0.16	0.09	0.06	0.11	-0.07	-0.27	-0.61
EPS Growth %	-0.79%	0.33%	-0.13%	1.29%	-0.44%	-0.33%	0.83%	-1.64%	-2.86%	-1.26%
EPS (Basic)	0.06	0.08	0.07	0.16	0.09	0.06	0.11	-0.07	-0.27	-0.61
Diluted Shares Outstanding	54.26M	55.73M	57.59M	58.37M	64.03M	70.69M	75.61M	88.37M	88.51M	91.95M
Basic Shares Outstanding	54.19M	55.14M	56.85M	57.53M	63.68M	69.9M	75.3M	88.37M	88.51M	91.95M
Dividend Payout Ratio	2.12%	0.38%	0.27%	0.12%	0.27%	-	0.42%	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	32.62M	29.28M	42.49M	31.06M	50.96M	42.87M	58.91M	46.1M	26.5M	16.58M
Cash & Short-Term Investments	15.81M	17.47M	26.2M	11.4M	10.21M	25.41M	33.71M	23.68M	6.25M	1.63M
Cash Only	12.82M	14.17M	22.39M	7.76M	10.21M	25.41M	33.71M	23.68M	6.25M	1.63M
Short-Term Investments	2.99M	3.31M	3.81M	3.64M	0	0	0	0	0	0
Accounts Receivable	407K	660K	2.88M	2.28M	8.36M	4.23M	8.67M	5.08M	4.33M	2.18M
Days Sales Outstanding	1.61	2.91	9.68	6.97	25.74	17.01	25.49	13.34	16.19	12.31
Inventory	8.75M	8.95M	11.64M	14.34M	13.51M	9.99M	10.36M	13.5M	9.29M	6.94M
Days Inventory Outstanding	45.95	50.15	58.67	60.64	50.99	60.16	40.45	40.38	31.19	28.61
Other Current Assets	9.17M	227K	234K	208K	16.77M	2.54M	4.95M	2.54M	5.51M	4.71M
Total Non-Current Assets+	73.92M	89.18M	90.43M	119.27M	142.05M	62.86M	156.85M	164M	157.48M	129.29M
Property, Plant & Equipment	51.64M	70.06M	82.6M	111.24M	64.26M	61.45M	155.71M	145.11M	132.52M	121.65M
Fixed Asset Turnover	1.79x	1.18x	1.32x	1.07x	1.85x	1.48x	0.80x	0.96x	0.74x	0.53x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	231K	0	0	0	0	0	0	5.17M	5.29M	852K
Other Non-Current Assets	985K	1.54M	981K	656K	77.79M	1.41M	1.14M	13.71M	19.66M	6.79M
Total Assets+	106.53M	118.46M	132.92M	150.33M	193.01M	105.73M	215.76M	210.1M	183.97M	145.87M
Asset Turnover	0.87x	0.70x	0.82x	0.80x	0.61x	0.86x	0.58x	0.66x	0.53x	0.44x
Asset Growth %	-0.05%	0.11%	0.12%	0.13%	0.28%	-0.45%	1.04%	-0.03%	-0.12%	-0.21%
Total Current Liabilities+	14.9M	8.96M	15.01M	17.56M	27.98M	12.09M	29.66M	24.68M	11.32M	14.48M
Accounts Payable	11.6M	5.38M	6.9M	12.43M	9.05M	8.78M	13.31M	13.33M	7.61M	11.26M
Days Payables Outstanding	60.9	30.18	34.81	52.55	34.16	52.86	51.96	39.87	25.55	46.4
Short-Term Debt	0	0	568K	765K	0	0	0	0	0	0
Deferred Revenue (Current)	230K	0	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	363K	2.13M	4.69M	2.16M	14.86M	552K	9.74M	3.42M	888K	1.64M
Current Ratio	2.19x	3.27x	2.83x	1.77x	1.82x	3.55x	1.99x	1.87x	2.34x	1.14x
Quick Ratio	1.60x	2.27x	2.06x	0.95x	1.34x	2.72x	1.64x	1.32x	1.52x	0.67x
Cash Conversion Cycle	-13.34	22.89	33.54	15.06	42.56	24.31	13.98	13.86	21.82	-5.49
Total Non-Current Liabilities+	2.81M	2.42M	5.81M	5.51M	6.97M	3.11M	65.35M	73.65M	92.22M	104.11M
Long-Term Debt	0	0	1.65M	1.38M	0	0	0	0	0	0
Capital Lease Obligations	0	0	1.22M	831K	0	0	0	0	0	0
Deferred Tax Liabilities	0	5.62M	902K	1.53M	0	0	0	0	0	0
Other Non-Current Liabilities	2.81M	2.42M	2.95M	3.3M	6.97M	3.11M	65.35M	73.65M	92.22M	104.11M
Total Liabilities	17.72M	11.38M	20.82M	23.07M	34.95M	15.2M	95.01M	98.33M	103.55M	118.59M
Total Debt+	842K	0	3.81M	3.39M	0	0	0	0	0	0
Net Debt	-11.98M	-14.17M	-18.58M	-4.38M	-10.21M	-25.41M	-33.71M	-23.68M	-6.25M	-1.63M
Debt / Equity	0.01x	-	0.03x	0.03x	-	-	-	-	-	-
Debt / EBITDA	0.04x	-	0.09x	0.09x	-	-	-	-	-	-
Net Debt / EBITDA	-0.55x	-0.68x	-0.43x	-0.12x	-0.31x	-0.74x	-0.88x	-0.67x	-0.73x	-
Interest Coverage	143.17x	-	-	-	-	-	-	7.79x	-1.83x	-2.17x
Total Equity+	88.82M	107.08M	112.11M	127.26M	158.06M	90.54M	120.75M	111.76M	80.43M	27.28M
Equity Growth %	-0.01%	0.21%	0.05%	0.14%	0.24%	-0.43%	0.33%	-0.07%	-0.28%	-0.66%
Book Value per Share	1.64	1.92	1.95	2.18	2.47	1.28	1.60	1.26	0.91	0.30
Total Shareholders' Equity	88.82M	107.08M	112.11M	127.26M	158.06M	90.54M	120.75M	111.76M	80.43M	27.28M
Common Stock	55K	57K	57K	69K	66K	75K	89K	89K	89K	96K
Retained Earnings	-948K	2.04M	4.52M	12.66M	16.88M	12.65M	17.56M	7.71M	-24.58M	-81.08M
Treasury Stock	-5.88M	-5.88M	-5.88M	-5.88M	-5.88M	-5.88M	-5.88M	-5.88M	-5.88M	-5.88M
Accumulated OCI	-1.17M	-1.17M	-1.17M	-1.17M	-1.17M	-1.17M	-1.17M	-1.17M	-1.17M	-1.17M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	20.17M	17.9M	35.63M	22.26M	21.41M	35.4M	34.78M	14.16M	-5.22M	-627K
Operating CF Margin %	0.22%	0.22%	0.33%	0.19%	0.18%	0.39%	0.28%	0.1%	-0.05%	-0.01%
Operating CF Growth %	-0.46%	-0.11%	0.99%	-0.38%	-0.04%	0.65%	-0.02%	-0.59%	-1.37%	0.88%
Net Income	3.06M	4.39M	4.15M	9.29M	5.83M	-6.33M	8.03M	-6.32M	-24.14M	-56.5M
Depreciation & Amortization	9.1M	12.59M	15M	15.17M	19.92M	17.6M	16.15M	27.36M	26.13M	19.88M
Stock-Based Compensation	3.47M	1.24M	1.19M	1.5M	1.93M	3.04M	875K	1.96M	681K	677K
Deferred Taxes	5.13M	-1.55M	14.99M	-501K	0	3.51M	0	-3.54M	0	9.13M
Other Non-Cash Items	3M	298K	1.28M	1.18M	1.33M	12.97M	6.42M	44K	-4.99M	19.49M
Working Capital Changes	-3.59M	941K	-983K	-4.37M	-7.61M	4.61M	3.31M	-5.34M	-2.89M	6.7M
Change in Receivables	1.09M	-309K	-2.25M	-220K	-6.62M	4.14M	-4.45M	3.59M	750K	2.15M
Change in Inventory	-555K	-738K	-2.8M	-2.82M	-1.98M	1.04M	-708K	-2.55M	2.61M	1.82M
Change in Payables	3.36M	-3.58M	1.64M	1.49M	0	-588K	0	284K	0	3.81M
Cash from Investing+	-26.74M	-14.69M	-25.69M	-40.07M	-39.47M	-14.45M	-22.97M	-19.44M	-12.49M	-6.44M
Capital Expenditures	-26.68M	-15.14M	-25.43M	-40.08M	-16.94M	-12.81M	-20.61M	-18.23M	-12.49M	-7.62M
CapEx % of Revenue	0.29%	0.18%	0.23%	0.34%	0.14%	0.14%	0.17%	0.13%	0.13%	0.12%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-92K	9K	-257K	6K	-22.54M	-6.49M	0	-1.21M	0	0
Cash from Financing+	-8M	-1.89M	-1.39M	3.45M	21.04M	-5.22M	-3.06M	-3.91M	62K	2.71M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-6.5M	-1.67M	-1.14M	-1.15M	-1.49M	-2.79M	-3.37M	-3.54M	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	391K	0	282K	22.53M	-28.23M	303K	-376K	62K	-33K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-6.51M	2.76M	10.2M	-17.82M	4.47M	22.59M	14.17M	-4.08M	-17.71M	-8.25M
FCF Margin %	-0.07%	0.03%	0.09%	-0.15%	0.04%	0.25%	0.11%	-0.03%	-0.18%	-0.13%
FCF Growth %	-1.33%	1.42%	2.7%	-2.75%	1.25%	4.05%	-0.37%	-1.29%	-3.34%	0.53%
FCF per Share	-0.12	0.05	0.18	-0.31	0.07	0.32	0.19	-0.05	-0.20	-0.09
FCF Conversion (FCF/Net Income)	6.59x	4.08x	8.59x	2.40x	3.87x	-5.59x	4.33x	-2.24x	0.22x	0.01x
Interest Paid	78K	13K	65K	10K	18K	20K	0	0	0	0
Taxes Paid	9.51M	256K	3.1M	7.07M	0	2.73M	0	18.59M	0	1.1M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.42%	4.48%	3.79%	7.76%	3.88%	-5.09%	7.6%	-5.44%	-25.12%	-104.91%
Return on Invested Capital (ROIC)	13.19%	7.17%	22.75%	15.52%	7.4%	11.92%	21.82%	6.05%	-16.89%	-43.21%
Gross Margin	24.62%	21.32%	33.46%	27.78%	18.47%	33.13%	24.73%	12.27%	-11.26%	-36.75%
Net Margin	3.32%	5.3%	3.81%	7.77%	4.66%	-6.98%	6.46%	-4.54%	-24.7%	-87.25%
Debt / Equity	0.01x	-	0.03x	0.03x	-	-	-	-	-	-
Interest Coverage	143.17x	-	-	-	-	-	-	7.79x	-1.83x	-2.17x
FCF Conversion	6.59x	4.08x	8.59x	2.40x	3.87x	-5.59x	4.33x	-2.24x	0.22x	0.01x
Revenue Growth	-20.84%	-10.28%	31.46%	9.86%	-0.78%	-23.52%	36.94%	11.99%	-29.72%	-33.76%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Concentrate	-	112.04M	109.56M	79.48M	115.53M	130.92M	94.59M	64.74M
Concentrate Growth	-	-	-2.21%	-27.45%	45.36%	13.32%	-27.75%	-31.56%
Silver Concentrate	-	22.97M	21.35M	20.39M	26.09M	22.53M	24.07M	23.14M
Silver Concentrate Growth	-	-	-7.07%	-4.48%	27.97%	-13.67%	6.83%	-3.83%
Gold Concentrate	-	22.75M	27.18M	22.14M	-32.59M	-46.32M	32.87M	19.75M
Gold Concentrate Growth	-	-	19.49%	-18.54%	-247.18%	-42.12%	170.95%	-39.91%
Zinc Concentrate	-	46.74M	48.8M	36.45M	41.26M	50.47M	29.23M	17.31M
Zinc Concentrate Growth	-	-	4.41%	-25.31%	13.18%	22.33%	-42.09%	-40.76%
Copper Concentrate	-	9.92M	9.93M	9.39M	13.49M	11.99M	10.47M	5.83M
Copper Concentrate Growth	-	-	0.11%	-5.47%	43.76%	-11.17%	-12.64%	-44.36%
Lead Concentrate	-	15.1M	16.12M	12.01M	13.44M	11.63M	9.54M	4.4M
Lead Concentrate Growth	-	-	6.73%	-25.47%	11.90%	-13.51%	-17.94%	-53.86%
Gold Dore	-	6.25M	21.85M	8.72M	8.12M	8M	3.08M	24K
Gold Dore Growth	-	-	249.55%	-60.09%	-6.87%	-1.51%	-61.50%	-99.22%
Dore	-	7.48M	24.1M	11.26M	8.66M	8.17M	3.17M	19K
Dore Growth	-	-	222.14%	-53.27%	-23.07%	-5.70%	-61.24%	-99.40%
Silver Dore	-	1.35M	2.44M	2.77M	678K	230K	139K	1K
Silver Dore Growth	-	-	80.93%	13.74%	-75.56%	-66.08%	-39.57%	-99.28%
M	110.16M	-	-	-	-	-	-	-
M Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
Mexico.	-	-	-	-	-	-	-	65.73M
Mexico. Growth	-	-	-	-	-	-	-	-
Oaxaca, Mexico	-	-	-	-	125.2M	138.72M	97.73M	-
Oaxaca, Mexico Growth	-	-	-	-	-	10.81%	-29.55%	-
M	110.16M	115.31M	120.3M	-	-	-	-	-
M Growth	-	4.68%	4.33%	-	-	-	-	-
Nevada	-	-	15.06M	-	-	-	-	-
Nevada Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Gold Resource Corporation (GORO) reported $61.2M in revenue for fiscal year 2024. This represents a 42% decrease from $105.2M in 2011.

Gold Resource Corporation (GORO) saw revenue decline by 33.8% over the past year.

Gold Resource Corporation (GORO) reported a net loss of $38.7M for fiscal year 2024.

Dividend & Returns

Gold Resource Corporation (GORO) has a return on equity (ROE) of -104.9%. Negative ROE indicates the company is unprofitable.

Gold Resource Corporation (GORO) had negative free cash flow of $12.8M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Gold Resource Corporation (GORO) 10-Year Financial Performance & Capital Metrics

GORO • • Industrial / General

Basic MaterialsGoldDevelopment-Stage Gold CompaniesEarly-Stage Development

Revenue $65M -33.8%
EBITDA -$8M -194.8%
Net Income -$57M -134.0%
EPS (Diluted) -0.61 -125.9%
Gross Margin -36.75% -226.4%
EBITDA Margin -12.5% -243.1%
Operating Margin -44.41% -137.6%
Net Margin -87.25% -253.3%
ROE -104.91% -317.6%
ROIC -43.21% -155.9%
Debt/Equity -
Interest Coverage -2.17 -18.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 87 (top 13%)
✓Trading near 52-week high

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 11.4% over 5 years

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-5.71%

5Y-11.4%

3Y-19.51%

TTM-16.27%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM20.04%

EPS CAGR

10Y-

5Y-

3Y-

TTM35.41%

ROCE

10Y Avg7.68%

5Y Avg0.72%

3Y Avg-8.44%

Latest-18.92%

Peer Comparison

Early-Stage Development

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TRXTRX Gold Corporation	286.96M	1.00	416.67	39.98%	1.19%	0.92%	0.9%	0.04
GOROGold Resource Corporation	200.59M	1.24	-2.03	-33.76%	-63.3%	-149.11%
PZGParamount Gold Nevada Corp.	105M	1.34	-10.31			-10%		0.35
NVAWWNova Minerals Limited		42.99				-18.27%		0.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	92.24M	82.75M	108.79M	119.52M	118.59M	90.69M	124.19M	139.09M	97.76M	64.76M
Revenue Growth %	-0.21%	-0.1%	0.31%	0.1%	-0.01%	-0.24%	0.37%	0.12%	-0.3%	-0.34%
Cost of Goods Sold+	69.53M	65.11M	72.39M	86.32M	96.69M	60.64M	93.49M	122.03M	108.76M	88.55M
COGS % of Revenue	0.75%	0.79%	0.67%	0.72%	0.82%	0.67%	0.75%	0.88%	1.11%	1.37%
Gross Profit+	22.71M	17.65M	36.4M	33.2M	21.9M	30.05M	30.71M	17.06M	-11.01M	-23.8M
Gross Margin %	0.25%	0.21%	0.33%	0.28%	0.18%	0.33%	0.25%	0.12%	-0.11%	-0.37%
Gross Profit Growth %	-0.49%	-0.22%	1.06%	-0.09%	-0.34%	0.37%	0.02%	-0.44%	-1.65%	-1.16%
Operating Expenses+	10.25M	9.53M	8.12M	10.8M	8.53M	13.12M	8.57M	10M	7.26M	4.96M
OpEx % of Revenue	0.11%	0.12%	0.07%	0.09%	0.07%	0.14%	0.07%	0.07%	0.07%	0.08%
Selling, General & Admin	10.25M	9.53M	8.12M	10.69M	7.65M	13.12M	8.57M	10M	7.26M	4.96M
SG&A % of Revenue	0.11%	0.12%	0.07%	0.09%	0.06%	0.14%	0.07%	0.07%	0.07%	0.08%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	-114K	-885K	0	0	0	0	0
Operating Income+	12.46M	8.11M	28.28M	22.4M	13.36M	16.93M	22.14M	7.06M	-18.27M	-28.76M
Operating Margin %	0.14%	0.1%	0.26%	0.19%	0.11%	0.19%	0.18%	0.05%	-0.19%	-0.44%
Operating Income Growth %	-0.62%	-0.35%	2.49%	-0.21%	-0.4%	0.27%	0.31%	-0.68%	-3.59%	-0.57%
EBITDA+	21.59M	20.87M	43.33M	37.9M	33.34M	34.53M	38.5M	35.09M	8.54M	-8.09M
EBITDA Margin %	0.23%	0.25%	0.4%	0.32%	0.28%	0.38%	0.31%	0.25%	0.09%	-0.12%
EBITDA Growth %	-0.42%	-0.03%	1.08%	-0.13%	-0.12%	0.04%	0.11%	-0.09%	-0.76%	-1.95%
D&A (Non-Cash Add-back)	9.14M	12.75M	15.05M	15.5M	19.98M	17.6M	16.37M	28.03M	26.81M	20.66M
EBIT	10.45M	9.15M	28.48M	16.55M	15.5M	649K	17.64M	2.24M	-30.03M	-47.24M
Net Interest Income+	-71K	0	0	0	0	0	0	-906K	-9.97M	-13.24M
Interest Income	16K	0	0	0	0	0	0	0	0	0
Interest Expense	87K	0	0	0	0	0	0	906K	9.97M	13.24M
Other Income/Expense	-2M	1.03M	198K	-5.85M	2.13M	-17.69M	-4.49M	-4.82M	-11.76M	-18.48M
Pretax Income+	10.45M	9.15M	28.48M	16.55M	15.5M	-758K	17.64M	2.24M	-30.03M	-47.24M
Pretax Margin %	0.11%	0.11%	0.26%	0.14%	0.13%	-0.01%	0.14%	0.02%	-0.31%	-0.73%
Income Tax+	7.39M	4.76M	24.33M	7.26M	9.97M	5.57M	9.62M	8.56M	-5.88M	9.26M
Effective Tax Rate %	0.29%	0.48%	0.15%	0.56%	0.36%	8.35%	0.46%	-2.82%	0.8%	1.2%
Net Income+	3.06M	4.39M	4.15M	9.29M	5.53M	-6.33M	8.03M	-6.32M	-24.14M	-56.5M
Net Margin %	0.03%	0.05%	0.04%	0.08%	0.05%	-0.07%	0.06%	-0.05%	-0.25%	-0.87%
Net Income Growth %	-0.81%	0.43%	-0.05%	1.24%	-0.4%	-2.14%	2.27%	-1.79%	-2.82%	-1.34%
Net Income (Continuing)	3.06M	4.39M	4.15M	9.29M	5.53M	-6.33M	8.03M	-6.32M	-24.14M	-56.5M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.06	0.08	0.07	0.16	0.09	0.06	0.11	-0.07	-0.27	-0.61
EPS Growth %	-0.79%	0.33%	-0.13%	1.29%	-0.44%	-0.33%	0.83%	-1.64%	-2.86%	-1.26%
EPS (Basic)	0.06	0.08	0.07	0.16	0.09	0.06	0.11	-0.07	-0.27	-0.61
Diluted Shares Outstanding	54.26M	55.73M	57.59M	58.37M	64.03M	70.69M	75.61M	88.37M	88.51M	91.95M
Basic Shares Outstanding	54.19M	55.14M	56.85M	57.53M	63.68M	69.9M	75.3M	88.37M	88.51M	91.95M
Dividend Payout Ratio	2.12%	0.38%	0.27%	0.12%	0.27%	-	0.42%	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	32.62M	29.28M	42.49M	31.06M	50.96M	42.87M	58.91M	46.1M	26.5M	16.58M
Cash & Short-Term Investments	15.81M	17.47M	26.2M	11.4M	10.21M	25.41M	33.71M	23.68M	6.25M	1.63M
Cash Only	12.82M	14.17M	22.39M	7.76M	10.21M	25.41M	33.71M	23.68M	6.25M	1.63M
Short-Term Investments	2.99M	3.31M	3.81M	3.64M	0	0	0	0	0	0
Accounts Receivable	407K	660K	2.88M	2.28M	8.36M	4.23M	8.67M	5.08M	4.33M	2.18M
Days Sales Outstanding	1.61	2.91	9.68	6.97	25.74	17.01	25.49	13.34	16.19	12.31
Inventory	8.75M	8.95M	11.64M	14.34M	13.51M	9.99M	10.36M	13.5M	9.29M	6.94M
Days Inventory Outstanding	45.95	50.15	58.67	60.64	50.99	60.16	40.45	40.38	31.19	28.61
Other Current Assets	9.17M	227K	234K	208K	16.77M	2.54M	4.95M	2.54M	5.51M	4.71M
Total Non-Current Assets+	73.92M	89.18M	90.43M	119.27M	142.05M	62.86M	156.85M	164M	157.48M	129.29M
Property, Plant & Equipment	51.64M	70.06M	82.6M	111.24M	64.26M	61.45M	155.71M	145.11M	132.52M	121.65M
Fixed Asset Turnover	1.79x	1.18x	1.32x	1.07x	1.85x	1.48x	0.80x	0.96x	0.74x	0.53x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	231K	0	0	0	0	0	0	5.17M	5.29M	852K
Other Non-Current Assets	985K	1.54M	981K	656K	77.79M	1.41M	1.14M	13.71M	19.66M	6.79M
Total Assets+	106.53M	118.46M	132.92M	150.33M	193.01M	105.73M	215.76M	210.1M	183.97M	145.87M
Asset Turnover	0.87x	0.70x	0.82x	0.80x	0.61x	0.86x	0.58x	0.66x	0.53x	0.44x
Asset Growth %	-0.05%	0.11%	0.12%	0.13%	0.28%	-0.45%	1.04%	-0.03%	-0.12%	-0.21%
Total Current Liabilities+	14.9M	8.96M	15.01M	17.56M	27.98M	12.09M	29.66M	24.68M	11.32M	14.48M
Accounts Payable	11.6M	5.38M	6.9M	12.43M	9.05M	8.78M	13.31M	13.33M	7.61M	11.26M
Days Payables Outstanding	60.9	30.18	34.81	52.55	34.16	52.86	51.96	39.87	25.55	46.4
Short-Term Debt	0	0	568K	765K	0	0	0	0	0	0
Deferred Revenue (Current)	230K	0	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	363K	2.13M	4.69M	2.16M	14.86M	552K	9.74M	3.42M	888K	1.64M
Current Ratio	2.19x	3.27x	2.83x	1.77x	1.82x	3.55x	1.99x	1.87x	2.34x	1.14x
Quick Ratio	1.60x	2.27x	2.06x	0.95x	1.34x	2.72x	1.64x	1.32x	1.52x	0.67x
Cash Conversion Cycle	-13.34	22.89	33.54	15.06	42.56	24.31	13.98	13.86	21.82	-5.49
Total Non-Current Liabilities+	2.81M	2.42M	5.81M	5.51M	6.97M	3.11M	65.35M	73.65M	92.22M	104.11M
Long-Term Debt	0	0	1.65M	1.38M	0	0	0	0	0	0
Capital Lease Obligations	0	0	1.22M	831K	0	0	0	0	0	0
Deferred Tax Liabilities	0	5.62M	902K	1.53M	0	0	0	0	0	0
Other Non-Current Liabilities	2.81M	2.42M	2.95M	3.3M	6.97M	3.11M	65.35M	73.65M	92.22M	104.11M
Total Liabilities	17.72M	11.38M	20.82M	23.07M	34.95M	15.2M	95.01M	98.33M	103.55M	118.59M
Total Debt+	842K	0	3.81M	3.39M	0	0	0	0	0	0
Net Debt	-11.98M	-14.17M	-18.58M	-4.38M	-10.21M	-25.41M	-33.71M	-23.68M	-6.25M	-1.63M
Debt / Equity	0.01x	-	0.03x	0.03x	-	-	-	-	-	-
Debt / EBITDA	0.04x	-	0.09x	0.09x	-	-	-	-	-	-
Net Debt / EBITDA	-0.55x	-0.68x	-0.43x	-0.12x	-0.31x	-0.74x	-0.88x	-0.67x	-0.73x	-
Interest Coverage	143.17x	-	-	-	-	-	-	7.79x	-1.83x	-2.17x
Total Equity+	88.82M	107.08M	112.11M	127.26M	158.06M	90.54M	120.75M	111.76M	80.43M	27.28M
Equity Growth %	-0.01%	0.21%	0.05%	0.14%	0.24%	-0.43%	0.33%	-0.07%	-0.28%	-0.66%
Book Value per Share	1.64	1.92	1.95	2.18	2.47	1.28	1.60	1.26	0.91	0.30
Total Shareholders' Equity	88.82M	107.08M	112.11M	127.26M	158.06M	90.54M	120.75M	111.76M	80.43M	27.28M
Common Stock	55K	57K	57K	69K	66K	75K	89K	89K	89K	96K
Retained Earnings	-948K	2.04M	4.52M	12.66M	16.88M	12.65M	17.56M	7.71M	-24.58M	-81.08M
Treasury Stock	-5.88M	-5.88M	-5.88M	-5.88M	-5.88M	-5.88M	-5.88M	-5.88M	-5.88M	-5.88M
Accumulated OCI	-1.17M	-1.17M	-1.17M	-1.17M	-1.17M	-1.17M	-1.17M	-1.17M	-1.17M	-1.17M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	20.17M	17.9M	35.63M	22.26M	21.41M	35.4M	34.78M	14.16M	-5.22M	-627K
Operating CF Margin %	0.22%	0.22%	0.33%	0.19%	0.18%	0.39%	0.28%	0.1%	-0.05%	-0.01%
Operating CF Growth %	-0.46%	-0.11%	0.99%	-0.38%	-0.04%	0.65%	-0.02%	-0.59%	-1.37%	0.88%
Net Income	3.06M	4.39M	4.15M	9.29M	5.83M	-6.33M	8.03M	-6.32M	-24.14M	-56.5M
Depreciation & Amortization	9.1M	12.59M	15M	15.17M	19.92M	17.6M	16.15M	27.36M	26.13M	19.88M
Stock-Based Compensation	3.47M	1.24M	1.19M	1.5M	1.93M	3.04M	875K	1.96M	681K	677K
Deferred Taxes	5.13M	-1.55M	14.99M	-501K	0	3.51M	0	-3.54M	0	9.13M
Other Non-Cash Items	3M	298K	1.28M	1.18M	1.33M	12.97M	6.42M	44K	-4.99M	19.49M
Working Capital Changes	-3.59M	941K	-983K	-4.37M	-7.61M	4.61M	3.31M	-5.34M	-2.89M	6.7M
Change in Receivables	1.09M	-309K	-2.25M	-220K	-6.62M	4.14M	-4.45M	3.59M	750K	2.15M
Change in Inventory	-555K	-738K	-2.8M	-2.82M	-1.98M	1.04M	-708K	-2.55M	2.61M	1.82M
Change in Payables	3.36M	-3.58M	1.64M	1.49M	0	-588K	0	284K	0	3.81M
Cash from Investing+	-26.74M	-14.69M	-25.69M	-40.07M	-39.47M	-14.45M	-22.97M	-19.44M	-12.49M	-6.44M
Capital Expenditures	-26.68M	-15.14M	-25.43M	-40.08M	-16.94M	-12.81M	-20.61M	-18.23M	-12.49M	-7.62M
CapEx % of Revenue	0.29%	0.18%	0.23%	0.34%	0.14%	0.14%	0.17%	0.13%	0.13%	0.12%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-92K	9K	-257K	6K	-22.54M	-6.49M	0	-1.21M	0	0
Cash from Financing+	-8M	-1.89M	-1.39M	3.45M	21.04M	-5.22M	-3.06M	-3.91M	62K	2.71M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-6.5M	-1.67M	-1.14M	-1.15M	-1.49M	-2.79M	-3.37M	-3.54M	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	391K	0	282K	22.53M	-28.23M	303K	-376K	62K	-33K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-6.51M	2.76M	10.2M	-17.82M	4.47M	22.59M	14.17M	-4.08M	-17.71M	-8.25M
FCF Margin %	-0.07%	0.03%	0.09%	-0.15%	0.04%	0.25%	0.11%	-0.03%	-0.18%	-0.13%
FCF Growth %	-1.33%	1.42%	2.7%	-2.75%	1.25%	4.05%	-0.37%	-1.29%	-3.34%	0.53%
FCF per Share	-0.12	0.05	0.18	-0.31	0.07	0.32	0.19	-0.05	-0.20	-0.09
FCF Conversion (FCF/Net Income)	6.59x	4.08x	8.59x	2.40x	3.87x	-5.59x	4.33x	-2.24x	0.22x	0.01x
Interest Paid	78K	13K	65K	10K	18K	20K	0	0	0	0
Taxes Paid	9.51M	256K	3.1M	7.07M	0	2.73M	0	18.59M	0	1.1M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.42%	4.48%	3.79%	7.76%	3.88%	-5.09%	7.6%	-5.44%	-25.12%	-104.91%
Return on Invested Capital (ROIC)	13.19%	7.17%	22.75%	15.52%	7.4%	11.92%	21.82%	6.05%	-16.89%	-43.21%
Gross Margin	24.62%	21.32%	33.46%	27.78%	18.47%	33.13%	24.73%	12.27%	-11.26%	-36.75%
Net Margin	3.32%	5.3%	3.81%	7.77%	4.66%	-6.98%	6.46%	-4.54%	-24.7%	-87.25%
Debt / Equity	0.01x	-	0.03x	0.03x	-	-	-	-	-	-
Interest Coverage	143.17x	-	-	-	-	-	-	7.79x	-1.83x	-2.17x
FCF Conversion	6.59x	4.08x	8.59x	2.40x	3.87x	-5.59x	4.33x	-2.24x	0.22x	0.01x
Revenue Growth	-20.84%	-10.28%	31.46%	9.86%	-0.78%	-23.52%	36.94%	11.99%	-29.72%	-33.76%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Concentrate	-	112.04M	109.56M	79.48M	115.53M	130.92M	94.59M	64.74M
Concentrate Growth	-	-	-2.21%	-27.45%	45.36%	13.32%	-27.75%	-31.56%
Silver Concentrate	-	22.97M	21.35M	20.39M	26.09M	22.53M	24.07M	23.14M
Silver Concentrate Growth	-	-	-7.07%	-4.48%	27.97%	-13.67%	6.83%	-3.83%
Gold Concentrate	-	22.75M	27.18M	22.14M	-32.59M	-46.32M	32.87M	19.75M
Gold Concentrate Growth	-	-	19.49%	-18.54%	-247.18%	-42.12%	170.95%	-39.91%
Zinc Concentrate	-	46.74M	48.8M	36.45M	41.26M	50.47M	29.23M	17.31M
Zinc Concentrate Growth	-	-	4.41%	-25.31%	13.18%	22.33%	-42.09%	-40.76%
Copper Concentrate	-	9.92M	9.93M	9.39M	13.49M	11.99M	10.47M	5.83M
Copper Concentrate Growth	-	-	0.11%	-5.47%	43.76%	-11.17%	-12.64%	-44.36%
Lead Concentrate	-	15.1M	16.12M	12.01M	13.44M	11.63M	9.54M	4.4M
Lead Concentrate Growth	-	-	6.73%	-25.47%	11.90%	-13.51%	-17.94%	-53.86%
Gold Dore	-	6.25M	21.85M	8.72M	8.12M	8M	3.08M	24K
Gold Dore Growth	-	-	249.55%	-60.09%	-6.87%	-1.51%	-61.50%	-99.22%
Dore	-	7.48M	24.1M	11.26M	8.66M	8.17M	3.17M	19K
Dore Growth	-	-	222.14%	-53.27%	-23.07%	-5.70%	-61.24%	-99.40%
Silver Dore	-	1.35M	2.44M	2.77M	678K	230K	139K	1K
Silver Dore Growth	-	-	80.93%	13.74%	-75.56%	-66.08%	-39.57%	-99.28%
M	110.16M	-	-	-	-	-	-	-
M Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
Mexico.	-	-	-	-	-	-	-	65.73M
Mexico. Growth	-	-	-	-	-	-	-	-
Oaxaca, Mexico	-	-	-	-	125.2M	138.72M	97.73M	-
Oaxaca, Mexico Growth	-	-	-	-	-	10.81%	-29.55%	-
M	110.16M	115.31M	120.3M	-	-	-	-	-
M Growth	-	4.68%	4.33%	-	-	-	-	-
Nevada	-	-	15.06M	-	-	-	-	-
Nevada Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Gold Resource Corporation (GORO) reported $61.2M in revenue for fiscal year 2024. This represents a 42% decrease from $105.2M in 2011.

Gold Resource Corporation (GORO) saw revenue decline by 33.8% over the past year.

Gold Resource Corporation (GORO) reported a net loss of $38.7M for fiscal year 2024.

Dividend & Returns

Gold Resource Corporation (GORO) has a return on equity (ROE) of -104.9%. Negative ROE indicates the company is unprofitable.

Gold Resource Corporation (GORO) had negative free cash flow of $12.8M in fiscal year 2024, likely due to heavy capital investments.