10-Q Filing

GOLD RESOURCE CORP CIK: 1160791 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001160791-14-000009`
Period End Date	20140331
Filing Date	20140512
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	c791-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 39 Cash Flow Statement 55

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.46M	USD	Point-in-time
Gold and silver bullion	`ShortTermInvestments`	$3.79M	USD	Point-in-time
Gold and silver bullion	`ShortTermInvestments`	$3.80M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$6.44M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.31M	USD	Point-in-time
Fair Value	`AvailableForSaleSecurities`	$2.74M	USD	Point-in-time
Inventories	`InventoryNet`	$7.47M	USD	Point-in-time
Inventories	`InventoryNet`	$6.97M	USD	Point-in-time
Fair Value	`AvailableForSaleSecurities`	$231.00K	USD	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$6.49M	USD	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$1.22M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$3.97M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$3.97M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.69M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.81M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$44.82M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$46.53M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Land and mineral rights	`LandRightsAndMineralRights`	$227.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Land and mineral rights	`LandRightsAndMineralRights`	$227.00K	USD	Point-in-time
Property, equipment and mine development- net	`PropertyPlantAndEquipmentNet`	$18.13M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Property, equipment and mine development- net	`PropertyPlantAndEquipmentNet`	$21.51M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	54.12M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	54.52M	shares	Point-in-time
Inventories	`InventoryNoncurrent`	$903.00K	USD	Point-in-time
Inventories	`InventoryNoncurrent`	$903.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	54.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	54.52M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$27.66M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$27.66M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	336,398.00	shares	Point-in-time
Investments	`AvailableForSaleSecurities`	$2.74M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	336,398.00	shares	Point-in-time
Investments	`AvailableForSaleSecurities`	$231.00K	USD	Point-in-time
Total assets	`Assets`	$99.58M	USD	Point-in-time
Total assets	`Assets`	$91.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.22M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.61M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.01M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$1.48M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$1.47M	USD	Point-in-time
IVA taxes payable	`ValueAddedTaxesPayableCurrent`	$925.00K	USD	Point-in-time
IVA taxes payable	`ValueAddedTaxesPayableCurrent`	$1.76M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$538.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$542.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.01M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$2.02M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$2.39M	USD	Point-in-time
Reclamation and remediation liabilities	`MineReclamationAndClosingLiabilityNoncurrent`	$2.88M	USD	Point-in-time
Reclamation and remediation liabilities	`MineReclamationAndClosingLiabilityNoncurrent`	$2.79M	USD	Point-in-time
Reclamation and remediation liabilities	`MineReclamationAndClosingLiabilityNoncurrent`	$2.89M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.69M	USD	Point-in-time
Preferred stock - $0.001 par value, 5,000,000 shares authorized: no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $0.001 par value, 5,000,000 shares authorized: no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $0.001 par value, 100,000,000 shares authorized: 54,515,767 and 54,115,767 shares issued and outstanding, respectively	`CommonStockValue`	$55.00K	USD	Point-in-time
Common stock - $0.001 par value, 100,000,000 shares authorized: 54,515,767 and 54,115,767 shares issued and outstanding, respectively	`CommonStockValue`	$54.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$88.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$88.67M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-5.77M	USD	Point-in-time
Treasury stock at cost, 336,398 shares	`TreasuryStockValue`	$5.88M	USD	Point-in-time
Treasury stock at cost, 336,398 shares	`TreasuryStockValue`	$5.88M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-1.17M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-1.17M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$75.28M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$81.67M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$91.97M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$99.58M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Sales of metals concentrate, net	`SalesRevenueGoodsNet`	$42.31M	USD	1 Quarter
Sales of metals concentrate, net	`SalesRevenueGoodsNet`	$31.15M	USD	1 Quarter
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$16.87M	USD	1 Quarter
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$14.22M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$745.00K	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$536.00K	USD	1 Quarter
Reclamation and remediation	`Goro_reclamationandremediation`	$29.00K	USD	1 Quarter
Total mine cost of sales	`CostOfGoodsSold`	$14.97M	USD	1 Quarter
Total mine cost of sales	`CostOfGoodsSold`	$17.43M	USD	1 Quarter
Mine gross profit	`GrossProfit`	$24.88M	USD	1 Quarter
Mine gross profit	`GrossProfit`	$16.19M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.01M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.38M	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$1.29M	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$3.30M	USD	1 Quarter
Facilities and mine construction	`ConstructionAndDevelopmentCosts`	$4.85M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$4.30M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$12.53M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.88M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$12.35M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-36.00K	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$469.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.31M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.35M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.23M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.12M	USD	1 Quarter
Currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$34.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.12M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.42M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	53.93M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.68M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.70M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	55.59M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$653.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$810.00K	USD	1 Quarter
Reclamation and remediation	`Goro_reclamationandremediation`	$29.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.51M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$783.00K	USD	1 Quarter
Unrealized foreign currency exchange loss (gain)	`ForeignCurrencyTransactionGainLossUnrealized`	$-137.00K	USD	1 Quarter
Unrealized foreign currency exchange loss (gain)	`ForeignCurrencyTransactionGainLossUnrealized`	$119.00K	USD	1 Quarter
Impairment loss on gold and silver bullion	`ImpairmentOfInvestments`	$178.00K	USD	1 Quarter
Unrealized gain due to changes in fair value of investments	`UnrealizedGainLossOnInvestments`	$702.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.89M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.18M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-496.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-942.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.11M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.68M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.91M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.33M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-608.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.47M	USD	1 Quarter
IVA taxes payable/receivable	`IncreaseDecreaseInAccruedTaxesPayable`	$828.00K	USD	1 Quarter
IVA taxes payable/receivable	`IncreaseDecreaseInAccruedTaxesPayable`	$-1.22M	USD	1 Quarter
Income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$263.00K	USD	1 Quarter
Income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.22M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.44M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.35M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.68M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.19M	USD	1 Quarter
Purchases of gold and silver bullion	`PaymentsToAcquireInvestments`	$485.00K	USD	1 Quarter
Proceeds from conversion of gold and silver bullion	`ProceedsFromSalesOfInvestments`	$664.00K	USD	1 Quarter
Proceeds from conversion of gold and silver bullion	`ProceedsFromSalesOfInvestments`	$8.00K	USD	1 Quarter
Investments	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$231.00K	USD	1 Quarter
Investments	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$1.80M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.73M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.99M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$100.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.62M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.48M	USD	1 Quarter
Repayments of capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$365.00K	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.88M	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.48M	USD	1 Quarter
Effect of exchange rates on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$18.00K	USD	1 Quarter
Net increase (decrease) in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.75M	USD	1 Quarter
Net increase (decrease) in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.48M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.03M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.78M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.97M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.46M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.03M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.78M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.97M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.46M	USD	Point-in-time
Interest paid	`InterestPaid`	$85.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$3.50M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.