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Highlights

  • The company reported a quarterly net loss of USD 4.4 million in Q2 FY25.
  • Revenue for Q2 FY25 was USD 24.7 million, down from USD 26.7 million a year earlier.
  • Gold production decreased to 4,613 ounces in Q2 FY25, from 5,980 ounces in Q2 FY24.

Gold Resource Corporation (NYSE American: GORO) reported a net loss of USD 4.4 million for the second quarter of fiscal year 2025, compared to a net loss of USD 2.7 million in the same period last year. The company's revenue for the quarter ended June 30, 2025, totaled USD 24.7 million, representing a year-over-year decline of approximately USD 2.0 million.

The company produced 4,613 gold ounces and 208,969 silver ounces during Q2 FY25. In comparison, production for Q2 FY24 stood at 5,980 gold ounces and 225,012 silver ounces. Total precious metal gold equivalent ounces produced during the quarter declined to 7,068, from 8,746 in the same quarter last year.

On the cost side, Gold Resource Corporation reported total cash cost after by-product credits of USD 1,372 per ounce and all-in sustaining costs (AISC) of USD 2,066 per ounce. These figures compare to USD 1,262 and USD 2,133 per ounce, respectively, in Q2 FY24. The company noted that costs remained elevated due to lower sales volumes and ongoing development expenditures at the Don David Gold Mine.

Exploration and project expense during the quarter was USD 0.7 million, down from USD 2.6 million in the prior year’s second quarter. Development capital expenditures came in at USD 4.5 million, slightly lower than the USD 4.8 million reported for Q2 FY24.

As of June 30, 2025, the company held cash of USD 6.5 million and had a working capital position of USD 11.4 million, excluding current lease liabilities. Gold Resource Corporation remains focused on underground mine development at the Don David Gold Mine in Mexico while continuing exploration activities across its property holdings.

Total ore tonnes milled in the quarter were 133,285, compared to 149,751 in Q2 FY24, with grades also trending lower year-over-year across both gold and silver. The company processed an average gold grade of 1.32 g/t and a silver grade of 62 g/t during the quarter.