10-Q Filing

GOLD RESOURCE CORP CIK: 1160791 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-16-009066`
Period End Date	20160930
Filing Date	20161102
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	goro-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 72 Cash Flow Statement 58

Balance Sheet 70 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`	$12.82M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.54M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Gold and silver rounds/bullion	`ShortTermInvestments`	$3.88M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Gold and silver rounds/bullion	`ShortTermInvestments`	$2.99M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.41M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$321.00K	USD	Point-in-time
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`	$9.41M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	54.60M	shares	Point-in-time
Income tax receivable	`IncomeTaxReceivable`	$3.79M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	56.90M	shares	Point-in-time
Income tax receivable	`IncomeTaxReceivable`	$937.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.69M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	54.27M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	56.57M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.94M	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`	$35.39M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	336,398.00	shares	Point-in-time
Property, plant and mine development, net	`PropertyPlantAndEquipmentNet`	$70.96M	USD	Point-in-time
Property, plant and mine development, net	`PropertyPlantAndEquipmentNet`	$51.64M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$21.06M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$15.05M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.55M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.22M	USD	Point-in-time
Total assets	`Assets`	$122.95M	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`	$5.43M	USD	Point-in-time
Mining royalty taxes payable	`MiningRoyaltyTaxesPayable`	$1.08M	USD	Point-in-time
Mining royalty taxes payable	`MiningRoyaltyTaxesPayable`	$230.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$3.07M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$2.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.90M	USD	Point-in-time
Reclamation and remediation liabilities	`MineReclamationAndClosingLiabilityNoncurrent`	$2.81M	USD	Point-in-time
Reclamation and remediation liabilities	`MineReclamationAndClosingLiabilityNoncurrent`	$2.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.66M	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: 56,903,272 and 56,566,874 shares issued and outstanding, respectively, at September 30, 2016 and 54,603,104 and 54,266,706 shares issued and outstanding, respectively, at December 31, 2015	`CommonStockValue`	$57.00K	USD	Point-in-time
Common stock - $0.001 par value, 100,000,000 shares authorized: 56,903,272 and 56,566,874 shares issued and outstanding, respectively, at September 30, 2016 and 54,603,104 and 54,266,706 shares issued and outstanding, respectively, at 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`	$111.79M	USD	Point-in-time
Accumulated retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-948.00K	USD	Point-in-time
Accumulated retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$6.50M	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`	$111.29M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$106.53M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$122.95M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$71.08M	USD	3 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$64.97M	USD	3 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$21.37M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$19.44M	USD	1 Quarter
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$40.46M	USD	3 Qtrs
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$34.57M	USD	3 Qtrs
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$13.41M	USD	1 Quarter
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$12.77M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$3.19M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$9.05M	USD	3 Qtrs
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$5.20M	USD	3 Qtrs
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$1.58M	USD	1 Quarter
Reclamation and remediation	`ReclamationAndRemediation`	$48.00K	USD	1 Quarter
Reclamation and remediation	`ReclamationAndRemediation`	$6.00K	USD	1 Quarter
Reclamation and remediation	`ReclamationAndRemediation`	$139.00K	USD	3 Qtrs
Reclamation and remediation	`ReclamationAndRemediation`	$36.00K	USD	3 Qtrs
Total mine cost of sales	`CostOfGoodsSold`	$16.00M	USD	1 Quarter
Total mine cost of sales	`CostOfGoodsSold`	$15.00M	USD	1 Quarter
Total mine cost of sales	`CostOfGoodsSold`	$45.69M	USD	3 Qtrs
Total mine cost of sales	`CostOfGoodsSold`	$43.76M	USD	3 Qtrs
Mine gross profit	`GrossProfit`	$5.36M	USD	1 Quarter
Mine gross profit	`GrossProfit`	$4.44M	USD	1 Quarter
Mine gross profit	`GrossProfit`	$21.21M	USD	3 Qtrs
Mine gross profit	`GrossProfit`	$25.39M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.03M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.91M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.88M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$8.03M	USD	3 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$881.00K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$6.42M	USD	3 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$2.03M	USD	3 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$1.81M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$14.45M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$7.90M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$2.91M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$4.72M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$10.94M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-282.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$13.31M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$2.46M	USD	1 Quarter
Other (expense) income, net	`NonoperatingIncomeExpense`	$1.17M	USD	3 Qtrs
Other (expense) income, net	`NonoperatingIncomeExpense`	$-1.03M	USD	1 Quarter
Other (expense) income, net	`NonoperatingIncomeExpense`	$-2.08M	USD	3 Qtrs
Other (expense) income, net	`NonoperatingIncomeExpense`	$-74.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.38M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.86M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.31M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.48M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.48M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$787.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.46M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$-846.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.59M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-469.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.40M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.15	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.10	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.14	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.10	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Basic weighted average shares of common stock	`WeightedAverageNumberOfSharesOutstandingBasic`	54.18M	shares	3 Qtrs
Basic weighted average shares of common stock	`WeightedAverageNumberOfSharesOutstandingBasic`	55.78M	shares	1 Quarter
Basic weighted average shares of common stock	`WeightedAverageNumberOfSharesOutstandingBasic`	54.18M	shares	1 Quarter
Basic weighted average shares of common stock	`WeightedAverageNumberOfSharesOutstandingBasic`	54.99M	shares	3 Qtrs
Diluted weighted average shares of common stock	`WeightedAverageNumberOfDilutedSharesOutstanding`	57.60M	shares	1 Quarter
Diluted weighted average shares of common stock	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.18M	shares	1 Quarter
Diluted weighted average shares of common stock	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.20M	shares	3 Qtrs
Diluted weighted average shares of common stock	`WeightedAverageNumberOfDilutedSharesOutstanding`	55.59M	shares	3 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-469.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.40M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-1.52M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$250.00K	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$9.34M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.33M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.38M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$511.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.29M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$997.00K	USD	3 Qtrs
Other operating adjustments	`OtherNoncashIncomeExpense`	$531.00K	USD	3 Qtrs
Other operating adjustments	`OtherNoncashIncomeExpense`	$-2.47M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.09M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$435.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$657.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.15M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$897.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.20M	USD	3 Qtrs
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$5.07M	USD	3 Qtrs
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$-2.77M	USD	3 Qtrs
Mining and income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-4.53M	USD	3 Qtrs
Mining and income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.69M	USD	3 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-466.00K	USD	3 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-64.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$17.49M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$14.50M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.64M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.84M	USD	3 Qtrs
Proceeds from the sale of equity investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$749.00K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-40.00K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$315.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-12.20M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-21.80M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$391.00K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$4.88M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$818.00K	USD	3 Qtrs
Repayments of capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.12M	USD	3 Qtrs
Repayments of capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$606.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.03M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-6.00M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-136.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-13.00K	USD	3 Qtrs
Net (decrease) increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.44M	USD	3 Qtrs
Net (decrease) increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.24M	USD	3 Qtrs
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.82M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.07M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.11M	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`	$12.82M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.07M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.11M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.54M	USD	Point-in-time
Interest expense paid	`InterestPaid`	$65.00K	USD	3 Qtrs
Interest expense paid	`InterestPaid`	$13.00K	USD	3 Qtrs
Income and mining taxes paid	`IncomeTaxesPaid`	$256.00K	USD	3 Qtrs
Income and mining taxes paid	`IncomeTaxesPaid`	$8.46M	USD	3 Qtrs

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