Revenue Update on Gold Resource Corporation(NYSEMKT:GORO)

Gold Resource Corporation(NYSEMKT:GORO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $26.20M. Analysts estimated a revenue of $25.30M. Earnings per share were $0.10.

Gold Resource Corporation (GORO) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.46% at a volume of 6,76,727. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.74. The peak price level was also seen at $6.74 while the days lowest was $6.38. Finally the shares closed at $6.53. The 52-week high of the shares is $6.88 while the 52-week low is $1.14. According to the latest information available, the market cap of the company is $354 M.

Several Insider Transactions has been reported to the SEC. On Aug 17, 2015, Jessica M Browne (VP, General Counsel, Secretary) purchased 1,000 shares at $2.31 per share price.Also, On May 28, 2015, Barry D Devlin (VP Exploration) purchased 4,000 shares at $3.10 per share price.On May 26, 2015, Tor Falck (director) purchased 35,000 shares at $3.17 per share price, according to the Form-4 filing with the securities and exchange commission.

Gold Resource Corporation is a mining company. The Company is engaged in the exploration production and evaluation of precious and base metal properties. It is a producer of metal concentrates that contain gold silver copper lead and zinc. The Company has 100% interest in six potential high-grade gold and silver properties at its producing Oaxaca Mexico Mining Unit and exploration properties at its Nevada the United States Mining Unit. Its flagship project is the El Aguila Project where the La Arista underground polymetallic deposit is in production. The La Arista deposit produces gold and silver as well as the base metals copper lead and zinc. The mill production totaled approximately 83903 ounces of precious metal gold equivalent from the La Arista mine. The El Aguila Project comprises 17 mining concessions aggregating to approximately 30074 hectares. The Company’s mineral properties are classified into two categories: Operating Properties and Exploration Properties.

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