黄金资源 2026年季度报告

Washington, D.C. 20549 FORM 10-Q 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 theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant wasrequired to file such reports), and (2)has been subject to such filing requirements for the past 90 days. Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company.See definitions of “large accelerated filer”, “accelerated If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act◻ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicabledate: 161,882,909 shares of common stock outstanding as of May 4, 2026. GOLD RESOURCE CORPORATION FORM 10-Q Table of Contents PageFirst Quarter 2026 Summary3Part I - FINANCIAL INFORMATION4Item1.Condensed Consolidated Interim Financial Statements and Notes4Condensed Consolidated Interim Balance Sheets as of March 31, 2026 (unaudited)and December 31, 20254Condensed Consolidated Interim Statements of Operations for the three monthsended March 31, 2026 and 2025 (unaudited)5Condensed Consolidated Interim Statements of Changes in Shareholders’ Equity forthe three months ended March 31, 2026 and 2025 (unaudited)6Condensed Consolidated Interim Statements of Cash Flows for the three monthsended March 31, 2026 and 2025 (unaudited)7Notes to the Condensed Consolidated Interim Financial Statements (unaudited)8Item2.Management’sDiscussion and Analysis of Financial Condition and Results ofOperations24Item3.Quantitative and Qualitative Disclosures About Market Risk42Item4.Controls and Procedures43Part II - OTHER INFORMATION44Item 1.Legal Proceedings44Item1A.Risk Factors44Item 2.Unregistered Sales of Equity Securities and Use of Proceeds44Item 3.Defaults upon Senior Securities44Item 4.Mine Safety Disclosures45Item 5.Other Information45Item6.Exhibits46Signatures47 Table of Contents FIRST QUARTER 2026 SUMMARY A summary for the three months ended March31,2026 is presented below and discussed furtherunderItem 2—Management’s Discussion and Analysis of Financial Condition and Results of Operations: Corporate and Financial ● On January 26, 2026, the Company announced that it entered into a definitive arrangementagreement and plan of merger (the “Arrangement Agreement”) with Goldgroup Mining Inc.(“Goldgroup”), whereby Goldgroup agreed to acquire all of the issued and outstanding shares ofthe Company’s common stock (the “Transaction”). Pursuant to the Arrangement Agreement, theCompany’s stockholders will receive 1.4476 common shares of Goldgroup for each share of theCompany’s common stock (as adjusted by a share consolidation to be completed by Goldgroup ● The Company has $40.2 million in working capital and $31.0 million in cash and cash ● The Company had net income of $4.7 million, or $0.03 per share, for the quarter, which reflectsthe increased production and higher realized metal prices in 2026. ● Total cash cost after co-product credits for the quarter was $2,164 per AuEq ounce, and totalconsolidated all-in sustaining cost (“AISC”) after co-product credits for the quarter was $3,476per AuEq ounce. (SeeItem 2—Management’s Discussion and Analysis of Financial Conditionand Results of Operations—Non-GAAP Measuresfor a reconciliation of non-GAAP measures to Don David Gold Mine (“DDGM”) ● In the first quarter of 2026, DDGM, located in Mexico, produced and sold a total of 8,749 goldequivalent (“AuEq”) ounces, comprised of 1,548 gold ounces and 374,232 silver ounces, at anaverage realized sales price per ounce of $5,098 and $98.09, respectively. The 74,444 totaltonnesmilled was 31% higher than in the same period in 2025. Metal production for gold and ● During the first quarter of 2026, exploration expenditures at DDGM increased as the Companycontinued to engage in strategic planning and prioritization of regional surface explorationactivities across multiple projects, including Alta Gracia, Margaritas, Chamizo, El Rey, andJabali, while limited surface expansion drilling also commenced, testing the Isabel SE target.Underground grade-control, infill, and selective expansion drilling continued to focus on near-term production targets at Arista and at the Alta Gracia project. At Arista, drilling supportedproduction planning and refinement of the geologic mo