Gold Resource Corporation · AMEX:GORO
Gold Resource — Q1 2024 Earnings Presentation
10 slides from Gold Resource's earnings presentation, May 3, 2024
Slide 1: Q1 2024 Conference Call
Q1 2024 Conference Call May 3, 2024 12:00 P.M. E.T. Allen Palmiere, President & Chief Executive Officer Alberto Reyes, Chief Operating Officer Chet Holyoak, Chief Financial Officer
Slide 2: Cautionary Notes
Cautionary Notes Cautionary Note Regarding Forward-Looking Statements Except for statements of historical fact relating to us, certain statements contained in this presentation constitute forward-looking information, future oriented financial information, or financial outlooks (collectively “forward
Slide 3: Headlines
Headlines • Solid metal production in line with plan • Strengthened Mexican leadership team executing strategy • Exploration progressing as planned
Slide 4: DDGM Year-to-Date Exploration Program
DDGM Year-to-Date Exploration Program • 16 exploration drill holes • totaling over 1,401 meters • 9 infill drill holes • totaling 3,390 meters • Focused efforts: • Three Sisters • Splay 31 • Gloria • Marena • South Soledad & Sagrario
Slide 5: Q1 2024 Operational Results
Q1 2024 Operational Results Tonnes Processed Q1 2024 Total tonnes 98,889 Tonnes per day (based on actual days the mill operated during the period) 1,328 Metal Sold Q1 2024 Gold ounces 3,557 Silver ounces 216,535 Gold equivalent ounces 5,965 Copper tonnes 264 Lead tonnes 667 Zinc tonnes 1,682
Slide 6: Investment Summary
Investment Summary Q1 2024 2024 Guidance Sustaining ($000s) ($000s) Underground Development $1,350 Infill Drilling 441 Underground and Surface Exploration Development 2 Other Sustaining Capital 282 Subtotal of Sustaining Investments: 2,075 $8,800 – 11,000 Growth Surface Exploration/Other 899 Back Fo
Slide 7: Financial Measures For the Three Months Ended March 31, 2024
For the Three Months Ended Financial Measures March 31, 2024 Cash balance (at March 31, 2024) $ 5.7 M Cash provided by operating activities $1.5 M For the Three Months Ended March 31, 2024 Net loss $(4.0) M Net sales 18.7 M Production cost 16.1 M Depreciation, Amortization & Reclamation 4.8 M Mining
Slide 8: DDGM Cash Costs
DDGM Cash Costs Note: Cash costs after co-product credits per gold equivalent ounce is a non-GAAP financial measures. Please see the Reconciliation of Non-GAAP Financial Measures on the 2024 Form 10-Q filed with the SEC (refer to www.sec.gov/edgar).
Slide 9: Why Gold Resource Corporation?
Why Gold Resource Corporation? • Focused on protecting balance sheet while creating value through highly disciplined growth & capital allocation • Commitment to health & safety, environment, and social stewardship • Strong leadership, technical, and operational team
Slide 10: Questions
Questions Aguila mill, Oaxaca Mining Unit, Mexico