Allen Palmiere, President & Chief Executive Officer Armando Alexandri, Chief Operating Officer Chet Holyoak, Chief Financial Officer
Q1 2026
Conference Call
May 12, 2026
10:00 AM ET
Q1 2026 Operations Summary
Unfortunately, and despite the operation's significant efforts to maintain an incident-free workplace, two accidents resulted in lost time. Both incidents occurred with contractors.
Continue with the Safety Plan of immediate prevention action.
Shutdown in February due to CTM conflict
DDG produced a total of 10,765 Aueq oz, exceeding budget by 8% despite lower throughput (-10%). This result was driven by better Au and metal base recoveries and better conversion factor of Ag-Au.
Activities are ongoing at the ALTA GRACIA mine, with mining operations having commenced in February. The drilling campaign continues in the underground and surface.
Altagracia Portal Set up
2026 Mine Production
2025 Process Plant Production
Q1 2026 Operational Results
Tonnes Processed | YTD 2026 | |
Total tonnes | 74,444 | |
Tonnes per day (based on actual days the mill operated during the period) | 1,390 | |
Metal Sold | YTD 2026 | |
Gold ounces | 1,548 | |
Silver ounces | 374,232 | |
Gold equivalent ounces | 8,749 | |
Copper tonnes | 69 | |
Lead tonnes | 353 | |
Zinc tonnes | 962 |
Financial Measures | |||
Cash balance (at March 31, 2026) | $ 31 M | ||
For the Three Months Ended March 31, 2026 | |||
Net income(loss) Net sales | $4.7 M $43.9 M | ||
Production cost | $20.6 M | ||
Depreciation, Amortization & Reclamation | $4.0 M | ||
Mining gross profit | $19.0 M | ||
Total cash costs per AuEq ounce | $ 2,164/oz | ||
Total all-in sustaining cost per AuEq ounce | $ 3,476/oz | ||
Note: Total cash costs after co-product credits per AuEq ounce and Total all-in sustaining costs after co-product credits per AuEq ounce are a non-GAAP financial
Investment Summary
YTD 2026 | |
Sustaining Underground Development | ($000s) $3,797 |
Infill Drilling | 608 |
Underground and Surface Exploration Development | 874 |
Other Sustaining Capital | 3,342 |
Subtotal of Sustaining Investments: | 8,621 |
Growth | |
Surface Exploration/Other | 1,140 |
Underground Exploration Development and Drilling | 90 |
Back Forty Project Optimization & Permitting | 209 |
Subtotal of Growth Investments | 1,439 |
Total Capital & Exploration Investment | $10,060 |
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
Questions
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