10-Q Filing

GOLD RESOURCE CORP CIK: 1160791 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001558370-19-004248`
Period End Date	20190331
Filing Date	20190507
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	goro-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 34 Cash Flow Statement 61 Stockholders Equity 21

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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 outstanding	`CommonStockSharesOutstanding`	61.50M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	58.85M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.39M	USD	Point-in-time
Gold and silver rounds/bullion	`ShortTermInvestments`	$3.64M	USD	Point-in-time
Gold and silver rounds/bullion	`ShortTermInvestments`	$3.65M	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
Accounts receivable	`AccountsReceivableNetCurrent`	$1.74M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.51M	USD	Point-in-time
Inventories, net	`InventoryNet`	$20.46M	USD	Point-in-time
Inventories, net	`InventoryNet`	$14.34M	USD	Point-in-time
Prepaid taxes	`PrepaidTaxes`	$1.13M	USD	Point-in-time
Prepaid taxes	`PrepaidTaxes`	$1.96M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.45M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$41.72M	USD	Point-in-time
Property, plant and mine development, net	`PropertyPlantAndEquipmentNet`	$111.24M	USD	Point-in-time
Property, plant and mine development, net	`PropertyPlantAndEquipmentNet`	$119.62M	USD	Point-in-time
Operating lease assets, net	`OperatingLeaseRightOfUseAsset`	$12.68M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNet`	$6.57M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNet`	$7.37M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$656.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$575.00K	USD	Point-in-time
Total assets	`Assets`	$181.16M	USD	Point-in-time
Total assets	`Assets`	$150.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.43M	USD	Point-in-time
Loans payable, current	`LoansPayableCurrent`	$840.00K	USD	Point-in-time
Loans payable, current	`LoansPayableCurrent`	$765.00K	USD	Point-in-time
Finance lease liabilities, current	`FinanceLeaseLiabilityCurrent`	$418.00K	USD	Point-in-time
Finance lease liabilities, current	`FinanceLeaseLiabilityCurrent`	$412.00K	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$7.87M	USD	Point-in-time
Mining royalty taxes payable, net	`MiningRoyaltyTaxesPayable`	$2.00M	USD	Point-in-time
Mining royalty taxes payable, net	`MiningRoyaltyTaxesPayable`	$1.93M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$2.03M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$1.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$31.19M	USD	Point-in-time
Reclamation and remediation liabilities	`MineReclamationAndClosingLiabilityNoncurrent`	$3.81M	USD	Point-in-time
Reclamation and remediation liabilities	`MineReclamationAndClosingLiabilityNoncurrent`	$3.30M	USD	Point-in-time
Loans payable, long-term	`LongTermLoansPayable`	$1.44M	USD	Point-in-time
Loans payable, long-term	`LongTermLoansPayable`	$1.38M	USD	Point-in-time
Finance lease liabilities, long-term	`FinanceLeaseLiabilityNoncurrent`	$724.00K	USD	Point-in-time
Finance lease liabilities, long-term	`FinanceLeaseLiabilityNoncurrent`	$831.00K	USD	Point-in-time
Operating lease liabilities, long-term	`OperatingLeaseLiabilityNoncurrent`	$4.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$41.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.07M	USD	Point-in-time
Common stock - $0.001 par value, 100,000,000 shares authorized: 61,496,813 and 58,850,431 shares outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$95.00K	USD	Point-in-time
Common stock - $0.001 par value, 100,000,000 shares authorized: 61,496,813 and 58,850,431 shares outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$69.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$132.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$121.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.23M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.66M	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`	$112.11M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$139.17M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$127.26M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$117.70M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$181.16M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$150.33M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$32.15M	USD	1 Quarter
Sales, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$26.58M	USD	1 Quarter
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$17.68M	USD	1 Quarter
Production costs	`MineralExtractionProcessingAndMarketingCosts`	$15.54M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$3.44M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$3.49M	USD	1 Quarter
Reclamation and remediation	`ReclamationAndRemediation`	$16.00K	USD	1 Quarter
Reclamation and remediation	`ReclamationAndRemediation`	$203.00K	USD	1 Quarter
Total mine cost of sales	`CostOfGoodsSold`	$19.23M	USD	1 Quarter
Total mine cost of sales	`CostOfGoodsSold`	$21.14M	USD	1 Quarter
Mine gross profit	`GrossProfit`	$5.44M	USD	1 Quarter
Mine gross profit	`GrossProfit`	$12.92M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.35M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.01M	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$1.45M	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$1.19M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-25.00K	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-278.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.49M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.82M	USD	1 Quarter
Income before income taxes	`OperatingIncomeLoss`	$1.95M	USD	1 Quarter
Income before income taxes	`OperatingIncomeLoss`	$9.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.65M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$882.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.46M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.67M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	57.12M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.14M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	57.91M	shares	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$882.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.46M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$895.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$412.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.65M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.56M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$236.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$336.00K	USD	1 Quarter
Other operating adjustments	`OtherNoncashIncomeExpense`	$906.00K	USD	1 Quarter
Other operating adjustments	`OtherNoncashIncomeExpense`	$128.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.77M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.24M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.12M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.28M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-221.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-868.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-65.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-40.00K	USD	1 Quarter
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$3.22M	USD	1 Quarter
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$2.73M	USD	1 Quarter
Mining royalty and income taxes payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-784.00K	USD	1 Quarter
Mining royalty and income taxes payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.49M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.96M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-648.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.33M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.79M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.79M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.33M	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$98.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$244.00K	USD	1 Quarter
Proceeds from at-the-market sales	`ProceedsFromIssuanceOfCommonStock`	$10.81M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$303.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$285.00K	USD	1 Quarter
Repayment of loan payable	`RepaymentsOfDebt`	$140.00K	USD	1 Quarter
Repayment of loan payable	`RepaymentsOfDebt`	$187.00K	USD	1 Quarter
Repayments of finance leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$101.00K	USD	1 Quarter
Repayments of finance leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$93.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.31M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-274.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-127.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-115.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$765.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.23M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.62M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.53M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.76M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.62M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.76M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$22.39M	USD	Point-in-time
Interest expense paid	`InterestPaidNet`	$49.00K	USD	1 Quarter
Interest expense paid	`InterestPaidNet`	$42.00K	USD	1 Quarter
Income and mining taxes paid	`IncomeTaxesPaid`	$730.00K	USD	1 Quarter
Income and mining taxes paid	`IncomeTaxesPaid`	$209.00K	USD	1 Quarter
Change in accrued capital expenditures	`IncreaseDecreaseInAccruedCapitalExpenditures`	$-193.00K	USD	1 Quarter
Change in accrued capital expenditures	`IncreaseDecreaseInAccruedCapitalExpenditures`	$2.30M	USD	1 Quarter
Change in estimate for asset retirement cost	`AssetRetirementObligationRevisionOfEstimate`	$462.00K	USD	1 Quarter
Equipment purchased through loan payable	`EquipmentPurchasedThroughLoanPayable`	$330.00K	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$112.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$139.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$127.26M	USD	Point-in-time
Balance	`StockholdersEquity`	$117.70M	USD	Point-in-time
Balance	`CommonStockValue`	$95.00K	USD	Point-in-time
Balance	`CommonStockValue`	$69.00K	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$236.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$336.00K	USD	1 Quarter
Net stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$98.00K	USD	1 Quarter
Net stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$187.00K	USD	1 Quarter
Dividends declared	`Dividends`	$286.00K	USD	1 Quarter
Dividends declared	`Dividends`	$307.00K	USD	1 Quarter
Issuance of stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$10.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$882.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.46M	USD	1 Quarter
Balance	`CommonStockValue`	$95.00K	USD	Point-in-time
Balance	`CommonStockValue`	$69.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$112.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$139.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$127.26M	USD	Point-in-time
Balance	`StockholdersEquity`	$117.70M	USD	Point-in-time

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