10-Q Filing

GOLD RESOURCE CORP CIK: 1160791 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001558370-17-003273`
Period End Date	20170331
Filing Date	20170502
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	goro-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 35 Cash Flow Statement 57 Stockholders Equity 21

Balance Sheet 71 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`	$14.17M	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
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`	$16.64M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Gold and silver rounds/bullion	`ShortTermInvestments`	$3.31M	USD	Point-in-time
Gold and silver rounds/bullion	`ShortTermInvestments`	$3.69M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.76M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$630.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$8.61M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$8.95M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$626.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	57.18M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	56.90M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	56.57M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.68M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.59M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	56.84M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	336,398.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$32.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.26M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	336,398.00	shares	Point-in-time
Property, plant and mine development, net	`PropertyPlantAndEquipmentNet`	$70.06M	USD	Point-in-time
Property, plant and mine development, net	`PropertyPlantAndEquipmentNet`	$75.16M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNet`	$17.58M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNet`	$16.23M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$970.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.54M	USD	Point-in-time
Total assets	`Assets`	$118.44M	USD	Point-in-time
Total assets	`Assets`	$124.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.92M	USD	Point-in-time
Mining royalty taxes payable	`MiningRoyaltyTaxesPayable`	$496.00K	USD	Point-in-time
Mining royalty taxes payable	`MiningRoyaltyTaxesPayable`	$2.03M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$696.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$1.53M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$1.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.94M	USD	Point-in-time
Reclamation and remediation liabilities	`MineReclamationAndClosingLiabilityNoncurrent`	$2.42M	USD	Point-in-time
Reclamation and remediation liabilities	`MineReclamationAndClosingLiabilityNoncurrent`	$2.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$12.60M	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: 57,176,221 and 56,839,823 shares issued and outstanding, respectively, at March 31,2017 and 56,903,272 and 56,566,874 shares issued and outstanding, respectively, at December 31, 2016	`CommonStockValue`	$57.00K	USD	Point-in-time
Common stock - $0.001 par value, 100,000,000 shares authorized: 57,176,221 and 56,839,823 shares issued and outstanding, respectively, at March 31,2017 and 56,903,272 and 56,566,874 shares issued and outstanding, respectively, at December 31, 2016	`CommonStockValue`	$57.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$112.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$113.53M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.60M	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`	$107.08M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$112.14M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$88.82M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$118.44M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$124.73M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$24.34M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$17.40M	USD	1 Quarter
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$11.10M	USD	1 Quarter
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$11.34M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$2.56M	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`	$29.00K	USD	1 Quarter
Total mine cost of sales	`CostOfGoodsSold`	$13.95M	USD	1 Quarter
Total mine cost of sales	`CostOfGoodsSold`	$13.92M	USD	1 Quarter
Mine gross profit	`GrossProfit`	$10.42M	USD	1 Quarter
Mine gross profit	`GrossProfit`	$3.45M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.81M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.18M	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$822.00K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$504.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.63M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.68M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$772.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$7.78M	USD	1 Quarter
Other (expense) income, net	`NonoperatingIncomeExpense`	$706.00K	USD	1 Quarter
Other (expense) income, net	`NonoperatingIncomeExpense`	$-464.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.32M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.48M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$681.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.94M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.39M	USD	Annual
Net income	`NetIncomeLoss`	$4.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$797.00K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.08	USD	1 Quarter
Basic weighted average shares of common stock outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	56.80M	shares	1 Quarter
Basic weighted average shares of common stock outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	54.27M	shares	1 Quarter
Diluted weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.27M	shares	1 Quarter
Diluted weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	57.99M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.39M	USD	Annual
Net income	`NetIncomeLoss`	$4.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$797.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$515.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.30M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$2.86M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$2.66M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$418.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$200.00K	USD	1 Quarter
Other operating adjustments	`OtherNoncashIncomeExpense`	$608.00K	USD	1 Quarter
Other operating adjustments	`OtherNoncashIncomeExpense`	$-407.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$586.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.13M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$566.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-339.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$151.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-394.00K	USD	1 Quarter
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$815.00K	USD	1 Quarter
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$1.58M	USD	1 Quarter
Mining and income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-331.00K	USD	1 Quarter
Mining and income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-578.00K	USD	1 Quarter
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-26.00K	USD	1 Quarter
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.73M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$9.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.69M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.06M	USD	1 Quarter
Proceeds from the sale of equity investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$163.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$78.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.14M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.52M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$271.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$284.00K	USD	1 Quarter
Repayments of capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$424.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-284.00K	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`	$-105.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-10.00K	USD	1 Quarter
Net (decrease) increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.50M	USD	1 Quarter
Net (decrease) increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.47M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.17M	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`	$16.64M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.17M	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`	$16.64M	USD	Point-in-time
Interest expense paid	`InterestPaid`	$8.00K	USD	1 Quarter
Interest expense paid	`InterestPaid`	$13.00K	USD	1 Quarter
Income and mining taxes paid	`IncomeTaxesPaid`	$256.00K	USD	1 Quarter
Income and mining taxes paid	`IncomeTaxesPaid`	$1.35M	USD	1 Quarter
Increase (decrease) in accrued capital expenditures	`IncreaseDecreaseInAccruedCapitalExpenditures`	$495.00K	USD	1 Quarter
Increase (decrease) in accrued capital expenditures	`IncreaseDecreaseInAccruedCapitalExpenditures`	$-1.61M	USD	1 Quarter
Equipment purchased under capital lease	`EquipmentPurchasedUnderCapitalLease`	$300.00K	USD	1 Quarter
Common stock issued for the acquisition	`CommonStockIssuedForAcquisition`	$1.30M	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$107.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$112.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$88.82M	USD	Point-in-time
Balance	`CommonStockValue`	$57.00K	USD	Point-in-time
Balance	`CommonStockValue`	$57.00K	USD	Point-in-time
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$391.00K	USD	Annual
Adjustment to retained earnings as a result of adoption of ASU 2016-16	`CumulativeEffectOnRetainedEarningsNetOfTax1`	$-533.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$200.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.24M	USD	Annual
Dividends declared	`Dividends`	$284.00K	USD	1 Quarter
Dividends declared	`Dividends`	$1.67M	USD	Annual
Acquisitions	`StockIssuedDuringPeriodValueAcquisitions`	$13.91M	USD	Annual
Acquisitions	`StockIssuedDuringPeriodValueAcquisitions`	$1.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.39M	USD	Annual
Net income	`NetIncomeLoss`	$4.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$797.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$107.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$112.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$88.82M	USD	Point-in-time
Balance	`CommonStockValue`	$57.00K	USD	Point-in-time
Balance	`CommonStockValue`	$57.00K	USD	Point-in-time

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