10-Q Filing

GOLD RESOURCE CORP CIK: 1160791 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-16-007120`
Period End Date	20160630
Filing Date	20160802
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	goro-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 72 Cash Flow Statement 57

Balance Sheet 77 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.26M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.82M	USD	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`	$3.79M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.04M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$321.00K	USD	Point-in-time
Inventories	`InventoryNet`	$8.75M	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
Inventories	`InventoryNet`	$10.05M	USD	Point-in-time
IVA taxes receivable	`ValueAddedTaxReceivableCurrent`	$1.33M	USD	Point-in-time
IVA taxes receivable	`ValueAddedTaxReceivableCurrent`	$780.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	54.60M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	54.27M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	54.27M	shares	Point-in-time
Income tax receivable	`IncomeTaxReceivable`	$2.07M	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
Treasury stock, shares	`TreasuryStockShares`	336,398.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.33M	USD	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
Total current assets	`AssetsCurrent`	$32.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$34.34M	USD	Point-in-time
Property, plant and mine development, net	`PropertyPlantAndEquipmentNet`	$51.64M	USD	Point-in-time
Property, plant and mine development, net	`PropertyPlantAndEquipmentNet`	$52.52M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$19.43M	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`	$902.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$985.00K	USD	Point-in-time
Total assets	`Assets`	$107.43M	USD	Point-in-time
Total assets	`Assets`	$106.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.73M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$2.14M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$2.09M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$842.00K	USD	Point-in-time
Mining royalty taxes payable	`MiningRoyaltyTaxesPayable`	$771.00K	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`	$9.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.90M	USD	Point-in-time
Reclamation and remediation liabilities	`MineReclamationAndClosingLiabilityNoncurrent`	$2.58M	USD	Point-in-time
Reclamation and remediation liabilities	`MineReclamationAndClosingLiabilityNoncurrent`	$2.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$12.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.72M	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 at June 30, 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 at June 30, 2016 and December 31, 2015	`CommonStockValue`	$55.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$96.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$96.77M	USD	Point-in-time
Accumulated (deficit) / retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.19M	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`	$95.17M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$106.53M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$107.43M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$23.27M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$51.65M	USD	2 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$43.60M	USD	2 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$26.20M	USD	1 Quarter
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$21.80M	USD	2 Qtrs
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$14.12M	USD	1 Quarter
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$27.05M	USD	2 Qtrs
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$10.71M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$5.86M	USD	2 Qtrs
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$2.22M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$3.05M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$3.62M	USD	2 Qtrs
Reclamation and remediation	`ReclamationAndRemediation`	$44.00K	USD	1 Quarter
Reclamation and remediation	`ReclamationAndRemediation`	$30.00K	USD	2 Qtrs
Reclamation and remediation	`ReclamationAndRemediation`	$7.00K	USD	1 Quarter
Reclamation and remediation	`ReclamationAndRemediation`	$91.00K	USD	2 Qtrs
Total mine cost of sales	`CostOfGoodsSold`	$16.35M	USD	1 Quarter
Total mine cost of sales	`CostOfGoodsSold`	$27.75M	USD	2 Qtrs
Total mine cost of sales	`CostOfGoodsSold`	$30.70M	USD	2 Qtrs
Total mine cost of sales	`CostOfGoodsSold`	$13.80M	USD	1 Quarter
Mine gross profit	`GrossProfit`	$6.92M	USD	1 Quarter
Mine gross profit	`GrossProfit`	$12.39M	USD	1 Quarter
Mine gross profit	`GrossProfit`	$15.85M	USD	2 Qtrs
Mine gross profit	`GrossProfit`	$20.95M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.12M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.67M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.39M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.85M	USD	2 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$4.61M	USD	2 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$1.15M	USD	2 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$642.00K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$2.89M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$5.28M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$9.72M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$2.31M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$4.99M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$10.85M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.64M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.22M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$10.08M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-1.05M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$538.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$1.24M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-543.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.18M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.10M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.62M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.01M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$288.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.69M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.31M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$812.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.87M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.12	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.11	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.12	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.10	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.11	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Basic weighted average shares of common stock	`WeightedAverageNumberOfSharesOutstandingBasic`	54.18M	shares	2 Qtrs
Basic weighted average shares of common stock	`WeightedAverageNumberOfSharesOutstandingBasic`	54.27M	shares	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	2 Qtrs
Diluted weighted average shares of common stock	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.37M	shares	2 Qtrs
Diluted weighted average shares of common stock	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.18M	shares	2 Qtrs
Diluted weighted average shares of common stock	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.18M	shares	1 Quarter
Diluted weighted average shares of common stock	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.67M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$812.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.87M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.62M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.60M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$3.75M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.03M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$486.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$848.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$67.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.91M	USD	2 Qtrs
Other operating adjustments	`OtherNoncashIncomeExpense`	$815.00K	USD	2 Qtrs
Other operating adjustments	`OtherNoncashIncomeExpense`	$-977.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.72M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-728.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.20M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.30M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-122.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-424.00K	USD	2 Qtrs
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$-1.57M	USD	2 Qtrs
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$703.00K	USD	2 Qtrs
Mining and income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.26M	USD	2 Qtrs
Mining and income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.26M	USD	2 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-41.00K	USD	2 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$37.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$11.55M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$9.46M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.94M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.28M	USD	2 Qtrs
Proceeds from the sale of equity investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$324.00K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-28.00K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-9.95M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.91M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$543.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.25M	USD	2 Qtrs
Repayments of capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$745.00K	USD	2 Qtrs
Repayments of capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$606.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.15M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.00M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-72.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-10.00K	USD	2 Qtrs
Net (decrease) increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.52M	USD	2 Qtrs
Net (decrease) increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$442.00K	USD	2 Qtrs
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.02M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.26M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.54M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.82M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.02M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.26M	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`	$12.82M	USD	Point-in-time
Interest expense paid	`InterestPaid`	$13.00K	USD	2 Qtrs
Interest expense paid	`InterestPaid`	$48.00K	USD	2 Qtrs
Income and mining taxes paid	`IncomeTaxesPaid`	$7.32M	USD	2 Qtrs
Income and mining taxes paid	`IncomeTaxesPaid`	$256.00K	USD	2 Qtrs

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