GOLD RESOURCE CORP
GORO · Gold and Silver Ores · 161.9M shares · +9%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $3M (gross $4M, SBC $677K)
Grade
D50Single-mine precious-metals producer posting a loss year despite high gold/silver prices.
Strengths
- Healthy liquidity (current ratio 2.85, quick 2.38) and positive operating cash margin (62nd pct)
- Record metal prices cushioning a low-grade mine plan
Risks
- Negative net (-6.5%), operating (-3%) margins and ROE -14.7% — an unprofitable year
- Concentration in one Mexico mine (DDGM) with declining grades/recoveries and gold output down 46%; capital-access dependence
Notable findings
- Net lossNet loss (net margin -6.5%)
- Chronic dilutionShare count +9%/yr over 4y (dilution, book value/share -75%)
- Revenue declineRevenue -14.3% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
26.8%
Operating margin
-3.1%
Net margin
-6.5%
Return on equity
-14.7%
Return on assets
-3.5%
Revenue growth (QoQ)
-14.3%
Current ratio
2.9×
Free cash flow
$644K
EBITDA
$9M
Tangible book value
$44M
Cash & investments
$25M
Stock comp / revenue
1.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-06 | HOLYOAK CHET | Grant | 130K | $1.57 |
| 2026-03-06 | PALMIERE ALLEN J | Grant | 332K | $1.57 |
| 2026-03-06 | Alexandri Armando | Grant | 142K | $1.57 |
| 2025-03-21 | Reyes Alberto | Tax withheld | 11K | $0.55 |
| 2025-03-17 | Reyes Alberto | Tax withheld | 15K | $0.48 |
| 2025-03-17 | HOLYOAK CHET | Tax withheld | 2.1K | $0.48 |
| 2025-03-15 | PALMIERE ALLEN J | Option exercise | 132K | — |
| 2025-03-15 | PALMIERE ALLEN J | Disposition | 132K | $0.14 |
| 2025-03-15 | Reyes Alberto | Option exercise | 66K | — |
| 2025-03-15 | Reyes Alberto | Disposition | 66K | $0.14 |
| 2025-01-01 | HOLYOAK CHET | Tax withheld | 12K | $0.23 |
| 2025-01-01 | HOLYOAK CHET | Tax withheld | 12K | $0.23 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
- Osisko Bermuda Limited
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-18 | 0001104659-26-075868 ↗ |
| 8-K | 2026-05-15 | 2026-05-15 | 0001104659-26-062537 ↗ |
| 8-K | 2026-05-08 | 2026-05-07 | 0001104659-26-057325 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001104659-26-057305 ↗ |
| 10-K/A | 2026-04-30 | 2025-12-31 | 0001104659-26-051864 ↗ |
| 8-K | 2026-03-19 | 2026-03-18 | 0001104659-26-031333 ↗ |
| 10-K | 2026-03-18 | 2025-12-31 | 0001104659-26-031121 ↗ |
| 8-K | 2026-02-03 | 2026-02-02 | 0001104659-26-009396 ↗ |
| 8-K | 2026-01-26 | 2026-01-26 | 0001104659-26-006404 ↗ |
| 8-K | 2026-01-26 | 2026-01-25 | 0001104659-26-006591 ↗ |
| 8-K | 2026-01-22 | 2026-01-21 | 0001104659-26-005865 ↗ |
| 8-K | 2026-01-21 | 2026-01-20 | 0001104659-26-005322 ↗ |