黄金资源 2025年季度报告

FORM10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the quarterly period endedMarch31,2025☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the transition period from______to______Commission File Number:001-34857Gold Resource Corporation(Exact Name of Registrant as Specified in its charter)Colorado84-1473173(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)7900 E. Union Ave,Suite 320,Denver,Colorado80237(Address of Principal Executive Offices)(Zip Code)(303)320-7708(Registrant’s telephone number including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that theregistrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required tobe submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months(or for such shorter period that the registrant was required to submit such files).Yes⌧No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-acceleratedfiler, a smaller reporting company, or an emerging growth company.See definitions of “large accelerated filer”,“accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of theExchange Act. Large acceleratedfiler Acceleratedfiler◻Smallerreportingcompany☒Emerging growthcompany☐ Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant toSection 13(a) of the Exchange Act◻ Indicate by check mark whether registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No⌧ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latestpracticable date:136,449,731shares of common stock outstanding as of May 8, 2025. GOLD RESOURCE CORPORATION FORM 10-Q Table of Contents First Quarter 2025 Summary3 Part I - FINANCIAL INFORMATION5Item1.Condensed Consolidated Interim Financial Statements and Notes5ØCondensed Consolidated Interim Balance Sheets as of March 31, 2025(unaudited) and December 31, 20245ØCondensed Consolidated Interim Statements of Operations for the three monthsended March 31, 2025 and 2024 (unaudited)6ØCondensed Consolidated Interim Statements of Changes in Shareholders’Equity for the three months ended March 31, 2025 and 2024 (unaudited)7ØCondensed Consolidated Interim Statements of Cash Flows for the threemonths ended March 31, 2025 and 2024 (unaudited)8ØNotes to the Condensed Consolidated Interim Financial Statements (unaudited)9Item2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations30Item3.Quantitative and Qualitative Disclosures About Market Risk49Item4.Controls and Procedures50Part II - OTHER INFORMATION51Item 1.Legal Proceedings51Item1A.Risk Factors51Item 2.Unregistered Sales of Equity Securities and Use of Proceeds51Item 3.Defaults upon Senior Securities52Item 4.Mine Safety Disclosures52Item 5.Other Information52Item6.Exhibits52Signatures53 FIRST QUARTER 2025SUMMARY A summary for the three months ended March31,2025 is presented below and discussedfurther underItem 2—Management’s Discussion and Analysis of Financial Condition and Results ofOperations: Don David Gold Mine (“DDGM”) ●In the first quarter of 2025, DDGM, located in Mexico, produced and sold a total of 3,394gold equivalent (“AuEq”) ounces, comprised of 859 gold ounces and 230,320 silver ouncesat an average sales price per ounce of $2,956 and $32.54, respectively.●During the first quarter, underground definition and grade control drilling progressedpositively at the Three Sisters vein system, targeting the Sandy 1, Sandy 2 and Sadie 1 veins.Additionally, some definition drilling was completed on the Marena, Santa Helena andViridiana veins within the Arista system. The goal of the drilling is to maximize potentialeconomic returns from near-term production from both of the vein systems. Althoughunderground exploration drilling is currently suspended, additional step-out targets at theThreeSisters and Arista vein systems have been identified for future drill testing.Exploration drilling will resume once the necessary development is completed and theCompany’s working capital has increased. Corporate and Financial ●The Company has $6.2 million in working capital and $4.9 million in cash as of March 31,2025.●Net loss was $8.3 million or $0.07 per s