10-Q Filing

GOLD RESOURCE CORP CIK: 1160791 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-16-005297`
Period End Date	20160331
Filing Date	20160504
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	goro-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 34 Cash Flow Statement 52

Balance Sheet 79 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`	$21.44M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.54M	USD	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Gold and silver bullion	`ShortTermInvestments`	$2.99M	USD	Point-in-time
Gold and silver bullion	`ShortTermInvestments`	$3.41M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$321.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$907.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$8.75M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$9.32M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	54.27M	shares	Point-in-time
IVA taxes receivable	`ValueAddedTaxReceivableCurrent`	$1.33M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	54.60M	shares	Point-in-time
IVA taxes receivable	`ValueAddedTaxReceivableCurrent`	$1.33M	USD	Point-in-time
Income tax receivable	`IncomeTaxReceivable`	$3.79M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	54.60M	shares	Point-in-time
Income tax receivable	`IncomeTaxReceivable`	$3.89M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	54.27M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.61M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	336,398.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	336,398.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.61M	USD	Point-in-time
Property, plant and mine development, net	`PropertyPlantAndEquipmentNet`	$53.07M	USD	Point-in-time
Property, plant and mine development, net	`PropertyPlantAndEquipmentNet`	$51.64M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$20.49M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$21.06M	USD	Point-in-time
Investments in equity securities	`AvailableForSaleSecurities`	$231.00K	USD	Point-in-time
Investments in equity securities	`AvailableForSaleSecurities`	$231.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$985.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$937.00K	USD	Point-in-time
Total assets	`Assets`	$106.53M	USD	Point-in-time
Total assets	`Assets`	$106.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.90M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$2.14M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$2.08M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$696.00K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$842.00K	USD	Point-in-time
Mining royalty taxes payable	`MiningRoyaltyTaxesPayable`	$3.00K	USD	Point-in-time
Mining royalty taxes payable	`MiningRoyaltyTaxesPayable`	$230.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$90.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$90.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.90M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$24.00K	USD	Point-in-time
Reclamation and remediation liabilities	`MineReclamationAndClosingLiabilityNoncurrent`	$2.79M	USD	Point-in-time
Reclamation and remediation liabilities	`MineReclamationAndClosingLiabilityNoncurrent`	$2.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.59M	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: 54,603,104 and 54,266,706 shares issued and outstanding, respectively, at March 31, 2016 and December 31, 2015	`CommonStockValue`	$55.00K	USD	Point-in-time
Common stock - $0.001 par value, 100,000,000 shares authorized: 54,603,104 and 54,266,706 shares issued and outstanding, respectively, at March 31, 2016 and December 31, 2015	`CommonStockValue`	$55.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$96.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$96.91M	USD	Point-in-time
Accumulated (deficit) / retained earnings	`RetainedEarningsAccumulatedDeficit`	$-151.00K	USD	Point-in-time
Accumulated (deficit) / retained earnings	`RetainedEarningsAccumulatedDeficit`	$-948.00K	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`	$88.82M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$89.76M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$106.35M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$106.53M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$28.37M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$17.40M	USD	1 Quarter
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$11.10M	USD	1 Quarter
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$12.93M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$1.39M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$2.81M	USD	1 Quarter
Reclamation and remediation	`ReclamationAndRemediation`	$47.00K	USD	1 Quarter
Reclamation and remediation	`ReclamationAndRemediation`	$23.00K	USD	1 Quarter
Total mine cost of sales	`CostOfGoodsSold`	$14.35M	USD	1 Quarter
Total mine cost of sales	`CostOfGoodsSold`	$13.95M	USD	1 Quarter
Mine gross profit	`GrossProfit`	$14.02M	USD	1 Quarter
Mine gross profit	`GrossProfit`	$3.45M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.18M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.73M	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$504.00K	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`	$2.68M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$772.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$9.58M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$706.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-504.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.48M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.08M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$681.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$797.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$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`	54.27M	shares	1 Quarter
Diluted weighted average shares of common stock	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.18M	shares	1 Quarter
Diluted weighted average shares of common stock	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.27M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$797.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$515.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$6.00K	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$1.46M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$2.86M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$418.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.07M	USD	1 Quarter
Other operating adjustments	`OtherNoncashIncomeExpense`	$-286.00K	USD	1 Quarter
Other operating adjustments	`OtherNoncashIncomeExpense`	$608.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$586.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.04M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$566.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$724.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-394.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$24.00K	USD	1 Quarter
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$815.00K	USD	1 Quarter
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$1.05M	USD	1 Quarter
Mining and income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-331.00K	USD	1 Quarter
Mining and income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.25M	USD	1 Quarter
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-26.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$868.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.73M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.94M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.69M	USD	1 Quarter
Investments	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$-163.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-7.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.52M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.93M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$271.00K	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`	$424.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-695.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-10.00K	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`	$-6.10M	USD	1 Quarter
Net (decrease) increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.50M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.44M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.32M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.82M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.54M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.44M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.32M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.82M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.54M	USD	Point-in-time
Interest expense paid	`InterestPaid`	$8.00K	USD	1 Quarter
Interest expense paid	`InterestPaid`	$24.00K	USD	1 Quarter
Income and mining taxes paid	`IncomeTaxesPaid`	$256.00K	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.