10-Q Filing

GOLD RESOURCE CORP CIK: 1160791 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001558370-15-000845`
Period End Date	20150331
Filing Date	20150508
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	goro-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 35 Cash Flow Statement 54

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.44M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Gold and silver bullion	`ShortTermInvestments`	$3.45M	USD	Point-in-time
Gold and silver bullion	`ShortTermInvestments`	$3.44M	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
Accounts receivable	`AccountsReceivableNetCurrent`	$1.42M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$7.46M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$8.02M	USD	Point-in-time
Inventories	`InventoryNet`	$7.29M	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
Common stock, shares issued	`CommonStockSharesIssued`	54.52M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	54.52M	shares	Point-in-time
IVA taxes receivable	`ValueAddedTaxesReceivableCurrent`	$575.00K	USD	Point-in-time
IVA taxes receivable	`ValueAddedTaxesReceivableCurrent`	$661.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	54.52M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	54.52M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$3.89M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$3.89M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	336,398.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.94M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	336,398.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.10M	USD	Point-in-time
Property, plant and mine development, net	`PropertyPlantAndEquipmentNet`	$36.88M	USD	Point-in-time
Property, plant and mine development, net	`PropertyPlantAndEquipmentNet`	$32.35M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$25.52M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$25.52M	USD	Point-in-time
Investments	`AvailableForSaleSecurities`	$1.90M	USD	Point-in-time
Investments	`AvailableForSaleSecurities`	$2.62M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.08M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.72M	USD	Point-in-time
Total assets	`Assets`	$116.25M	USD	Point-in-time
Total assets	`Assets`	$111.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.89M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$3.69M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$3.92M	USD	Point-in-time
Capital lease obligations, current portion	`CapitalLeaseObligationsCurrent`	$1.54M	USD	Point-in-time
Capital lease obligations, current portion	`CapitalLeaseObligationsCurrent`	$1.50M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.91M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$6.34M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$542.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$542.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.76M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$834.00K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$415.00K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$6.00K	USD	Point-in-time
Reclamation and remediation liabilities	`MineReclamationAndClosingLiabilityNoncurrent`	$2.99M	USD	Point-in-time
Reclamation and remediation liabilities	`MineReclamationAndClosingLiabilityNoncurrent`	$2.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$21.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$21.68M	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 54,515,767 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 54,515,767 shares issued and outstanding, respectively	`CommonStockValue`	$55.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$93.09M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$94.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.98M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.41M	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`	$94.57M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$90.08M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$111.67M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$116.25M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$31.15M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$28.37M	USD	1 Quarter
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$12.93M	USD	1 Quarter
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$14.22M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$745.00K	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$1.39M	USD	1 Quarter
Reclamation and remediation	`ReclamationAndRemediation`	$23.00K	USD	1 Quarter
Total mine cost of sales	`CostOfGoodsSold`	$14.97M	USD	1 Quarter
Total mine cost of sales	`CostOfGoodsSold`	$14.35M	USD	1 Quarter
Mine gross profit	`GrossProfit`	$16.19M	USD	1 Quarter
Mine gross profit	`GrossProfit`	$14.02M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.01M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.73M	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$1.29M	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$1.71M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$4.44M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$4.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.88M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$9.58M	USD	1 Quarter
Other (expense) income	`NonoperatingIncomeExpense`	$469.00K	USD	1 Quarter
Other (expense) income	`NonoperatingIncomeExpense`	$-504.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.35M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.08M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.02M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.23M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.12M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Basic weighted average shares of common stock	`WeightedAverageNumberOfSharesOutstandingBasic`	54.18M	shares	1 Quarter
Basic weighted average shares of common stock	`WeightedAverageNumberOfSharesOutstandingBasic`	53.93M	shares	1 Quarter
Diluted weighted average shares of common stock	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.70M	shares	1 Quarter
Diluted weighted average shares of common stock	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.18M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.12M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$1.46M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$810.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.07M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$783.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$6.00K	USD	1 Quarter
Currency exchange (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$545.00K	USD	1 Quarter
Currency exchange (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-137.00K	USD	1 Quarter
Unrealized loss (gain) on investments	`UnrealizedGainLossOnInvestments`	$-719.00K	USD	1 Quarter
Unrealized loss (gain) on investments	`UnrealizedGainLossOnInvestments`	$702.00K	USD	1 Quarter
Other operating adjustments and write-downs	`OtherNoncashIncomeExpense`	$-112.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.04M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.18M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$724.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-496.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.11M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$24.00K	USD	1 Quarter
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$1.55M	USD	1 Quarter
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$1.05M	USD	1 Quarter
Income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.22M	USD	1 Quarter
Income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.25M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$5.23M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-4.18M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$868.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.35M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.19M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.94M	USD	1 Quarter
Proceeds from conversion of gold and silver bullion	`ProceedsFromSalesOfInvestments`	$7.00K	USD	1 Quarter
Proceeds from conversion of gold and silver bullion	`ProceedsFromSalesOfInvestments`	$8.00K	USD	1 Quarter
Investments	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$1.80M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.93M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-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`	$1.62M	USD	1 Quarter
Repayments of capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$372.00K	USD	1 Quarter
Repayments of capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$365.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.88M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-38.00K	USD	1 Quarter
Net (decrease) increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.48M	USD	1 Quarter
Net (decrease) increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.10M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.54M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.46M	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`	$21.44M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.54M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.46M	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`	$21.44M	USD	Point-in-time
Interest expense paid	`InterestPaid`	$24.00K	USD	1 Quarter
Interest expense paid	`InterestPaid`	$85.00K	USD	1 Quarter
Income and mining taxes paid	`IncomeTaxesPaid`	$5.24M	USD	1 Quarter

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