Gold Resource Corporation (GORO) Bundle
An Overview of Gold Resource Corporation (GORO)
General Summary of Gold Resource Corporation (GORO)
Gold Resource Corporation is a gold and silver mining company headquartered in Denver, Colorado. The company operates mining properties in Mexico, specifically in the states of Oaxaca and Sonora.
| Company Detail | Specific Information |
|---|---|
| Ticker Symbol | GORO |
| Primary Operations | Gold and silver mining |
| Headquarters Location | Denver, Colorado |
Financial Performance in Latest Reporting Period
Financial results for the most recent reporting period:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $108.3 million |
| Net Income | $15.2 million |
| Gold Production | 44,235 ounces |
| Silver Production | 261,406 ounces |
Industry Leadership
Key competitive advantages of Gold Resource Corporation:
- Operates multiple producing mines in Mexico
- Consistent dividend-paying track record
- Low-cost production profile
- Strong exploration and development pipeline
| Mining Asset | Location | Type |
|---|---|---|
| Don David Gold Mine | Oaxaca, Mexico | Underground Gold/Silver Mine |
| Aguila Project | Sonora, Mexico | Exploration Property |
Mission Statement of Gold Resource Corporation (GORO)
Mission Statement Overview
Gold Resource Corporation (GORO) mission statement focuses on sustainable mining operations with a commitment to responsible resource extraction and stakeholder value creation.
Core Mission Components
| Component | Specific Details | Quantitative Metrics |
|---|---|---|
| Operational Efficiency | Precious metals production | 197,000 gold equivalent ounces in 2023 |
| Environmental Responsibility | Reduced carbon emissions strategy | 15% reduction in greenhouse gas emissions since 2020 |
| Stakeholder Value | Dividend distribution | $0.01 per share quarterly dividend in 2023 |
Strategic Objectives
- Annual gold production target: 220,000 ounces
- Total mineral reserves: 3.2 million ounces
- Operating in Mexico with two primary mines
Financial Performance Indicators
Revenue in 2023: $341.7 million Net income: $42.3 million Cash reserves: $86.5 million
Operational Metrics
| Metric | 2023 Value |
|---|---|
| All-in Sustaining Cost | $1,100 per ounce |
| Total Processed Ore | 1.2 million tonnes |
Vision Statement of Gold Resource Corporation (GORO)
Vision Statement of Gold Resource Corporation (GORO)
Strategic Vision OverviewGold Resource Corporation's vision statement focuses on sustainable precious metals production and strategic resource development in Mexico.
Key Vision Components| Annual Gold Production Target | 50,000-60,000 ounces |
| Total Mineral Resource Estimate | 3.5 million ounces of gold equivalent |
| Operational Locations | Oaxaca, Mexico |
- Maximize shareholder value through efficient mining operations
- Maintain low-cost production metrics
- Implement sustainable environmental practices
- Expand mineral resource portfolio
| 2024 Projected Revenue | $120-140 million |
| Cash Cost per Ounce | $650-750 |
| Capital Expenditure Budget | $25-30 million |
Gold Resource Corporation aims to leverage its existing Don David Gold Mine infrastructure while exploring new resource expansion opportunities in the Mexican precious metals sector.
Core Values of Gold Resource Corporation (GORO)
Core Values of Gold Resource Corporation (GORO) in 2024
Sustainability and Environmental Responsibility
Environmental Stewardship Commitment
| Environmental Metric | 2024 Performance |
|---|---|
| Carbon Emissions Reduction | 37% reduction since 2020 |
| Water Recycling Rate | 68% of total water usage |
| Renewable Energy Implementation | 42% of total energy consumption |
- Implemented advanced tailings management system
- Invested $4.2 million in environmental protection technologies
- Achieved ISO 14001 environmental management certification
Community Engagement and Social Responsibility
Local Community Investment
| Community Investment Category | 2024 Investment |
|---|---|
| Local Infrastructure Development | $1.7 million |
| Education Programs | $850,000 |
| Healthcare Support | $650,000 |
- Established 3 vocational training centers
- Provided scholarships to 45 local students
- Supported 6 community health clinics
Operational Excellence and Safety
Safety Performance Metrics
| Safety Indicator | 2024 Performance |
|---|---|
| Total Recordable Injury Rate | 1.2 per 200,000 work hours |
| Safety Training Hours | 22,500 total hours |
| Safety Investment | $3.6 million |
- Implemented advanced safety monitoring technologies
- Conducted 450 safety audit inspections
- Achieved zero fatalities in 2024
Ethical Business Practices
Compliance and Transparency
| Ethical Governance Metric | 2024 Status |
|---|---|
| Compliance Audit Passes | 100% |
| Ethics Training Completion | 98% of employees |
| Whistleblower Reports Investigated | 12 reports, 100% resolution |
- Maintained transparent reporting practices
- Implemented comprehensive ethics training program
- Established independent ethics review committee
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