- \n
- \nMAINTAINED A SOLID BALANCE SHEET WITH $21.4 MILLION IN CASH<\/p>\n<\/li>\n
- \nSOLD 10,055 GOLD EQUIVALENT OUNCES<\/p>\n<\/li>\n
- \nCOMPLETED MORE THAN 2,500 METERS OF EXPANSION EXPLORATION DRILLING<\/p>\n<\/li>\n
- \nEBITDA OF $6.3 MILLION<\/p>\n<\/li>\n
- \nNET LOSSES OF $1 MILLION, OR $0.01 PER SHARE<\/p>\n<\/li>\n<\/ul>\n
DENVER–(BUSINESS WIRE<\/a>)–
\nGold Resource Corporation (NYSE American: GORO) (the \u201cCompany\u201d) sold a total of 6,508 ounces of gold and 294,815 ounces of silver in the first quarter of 2023 for a total of 10,055 gold equivalent ounces. Additionally, during the quarter, the Company sold 3,060 tonnes of zinc, 332 tonnes of copper, and 1,417 tonnes of lead. For the quarter ended March 31, 2023, the company reported a net loss of $1 million with revenue of $31.2 million and mine gross profit of $3.9 million from operations. A total of $5 million was invested in the Don David Gold Mine and Back Forty Project.<\/p>\n\n\u201cOur 2023 annual production at the Don David Gold Mine is off to a good start. This achievement is due to mining higher average grades as a result of targeted infill drilling and mine sequencing,\u201d stated Allen Palmiere, President and CEO. \u201cUnderground resource expansion drilling is progressing as planned. In addition, the mine is managed by a new leadership team that is already realizing improvements to maximize efficiencies and safety protocols. At the Back Forty Project in Michigan, feasibility study work related to metallurgical testing and refinement of capital cost estimates continues.\u201d<\/p>\n
2023 HIGHLIGHTS<\/b><\/p>\n
\nAdditional highlights for the three months ended March 31, 2023, are summarized below:<\/p>\n
Financial<\/i><\/p>\n
- \n
- \nWorking capital was $24.1 million as of March 31, 2023, $2.7 million higher than as of December 31, 2022. The increase is primarily due to a decrease in royalty taxes payable.<\/p>\n<\/li>\n
- \nTotal cash cost for the quarter was $711 per gold equivalent (\u201cAuEq\u201d) ounce (after co-product credits) and total all-in sustaining cost for the quarter was $1,221 per AuEq ounce (after co-product credits).<\/p>\n<\/li>\n
- \nThe Company\u2019s Annual Meeting of Shareholders will be held in person on June 15, 2023. Information regarding notice, materials, and voting can be found in the 2023 Proxy Statement that will be filed with the SEC on April 28, 2023 and available at https:\/\/www.sec.gov\/edgar<\/a>.<\/p>\n<\/li>\n<\/ul>\n
Don David Gold Mine<\/i><\/p>\n
- \n
- \nThe Don David Gold Mine (\u201cDDGM\u201d) safety program aims to bolster the overall health and safety culture of our employees.<\/p>\n
- \n
- \nThere was one lost time incident during the first quarter of 2023.<\/p>\n<\/li>\n
- \nThe year-to-date lost time injury frequency rate per million hours of 1.96 is substantially below the Camimex (Mexican Chamber of Mines) industry average of 4.52.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n
- \nFor the ninth consecutive year, the Don David Gold Mine earned the prestigious Empresa Socialmente Responsable (\u201cESR\u201d) award from the Mexican Center for Philanthropy (CEMEFI). Awards are given to organizations who demonstrate a commitment to supporting social and environmental protection programs within their local communities.<\/p>\n<\/li>\n
- \nExploration has progressed as planned during the first quarter with work continuing to focus on infill drilling with encouraging results. Our 2023 exploration objectives are to identify and define additional mineral resources from the Three Sisters, South Soledad, Sagrario, and Marena vein systems.<\/p>\n<\/li>\n<\/ul>\n
Back Forty Project<\/i><\/p>\n
- \n
- \nThe feasibility study work for the Back Forty Project in Michigan, USA progressed during the first quarter of 2023. Work related to metallurgy and the economic model will continue with a deliberate and measured approach.<\/p>\n<\/li>\n
- \nOnce the feasibility study work is completed, the Company\u2019s Board of Directors will evaluate the current economic climate and make a decision on how to move forward with the Back Forty Mine.<\/p>\n<\/li>\n<\/ul>\n
2023 Capital and Exploration Investment Summary<\/b><\/p>\n
\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n For the three months ended March 31, 2023<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 2023 full year guidance<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n (in thousands)<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSustaining Investments:<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nUnderground Development<\/p>\n<\/td>\n
\n \nCapital<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n1,296<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nInfill Drilling<\/p>\n<\/td>\n
\n \nCapitalized Exploration<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n817<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther Sustaining Capital<\/p>\n<\/td>\n
\n \nCapital<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n475<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSurface and Underground Exploration Development & Other<\/p>\n<\/td>\n
\n \nCapitalized Exploration<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n548<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSubtotal of Sustaining Investments:<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n3,136<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n9 – 11 million<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGrowth Investments:<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDDGM growth:<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSurface Exploration \/ Other<\/p>\n<\/td>\n
\n \nExploration<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n766<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nUnderground Exploration Drilling<\/p>\n<\/td>\n
\n \nExploration<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n477<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nUnderground Exploration Development<\/p>\n<\/td>\n
\n \nExploration<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n146<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nBack Forty growth:<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nBack Forty Feasibility Study & Permits<\/p>\n<\/td>\n
\n \nExploration<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n450<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSubtotal of Growth Investments:<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n1,839<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n6 – 7 million<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal Capital and Exploration:<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n4,975<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n15 – 18 million<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
Trending Highlights (unaudited)<\/b><\/p>\n
\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n 2022<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n Q1<\/b><\/p>\n<\/td>\n
\n Q2<\/b><\/p>\n<\/td>\n
\n Q3<\/b><\/p>\n<\/td>\n
\n Q4<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n Q1<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n Operating Data<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n Total tonnes milled<\/b><\/p>\n<\/td>\n
\n \n136,844<\/p>\n<\/td>\n
\n \n129,099<\/p>\n<\/td>\n
\n \n110,682<\/p>\n<\/td>\n
\n \n116,616<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n117,781<\/p>\n<\/td>\n<\/tr>\n
\n \n Average Grade<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGold (g\/t)<\/p>\n<\/td>\n
\n \n3.00<\/p>\n<\/td>\n
\n \n2.63<\/p>\n<\/td>\n
\n \n1.98<\/p>\n<\/td>\n
\n \n2.51<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n2.33<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSilver (g\/t)<\/p>\n<\/td>\n
\n \n81<\/p>\n<\/td>\n
\n \n64<\/p>\n<\/td>\n
\n \n80<\/p>\n<\/td>\n
\n \n109<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n94<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCopper (%)<\/p>\n<\/td>\n
\n \n0.41<\/p>\n<\/td>\n
\n \n0.32<\/p>\n<\/td>\n
\n \n0.37<\/p>\n<\/td>\n
\n \n0.45<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n0.37<\/p>\n<\/td>\n<\/tr>\n
\n \n \nLead (%)<\/p>\n<\/td>\n
\n \n1.97<\/p>\n<\/td>\n
\n \n1.99<\/p>\n<\/td>\n
\n \n1.59<\/p>\n<\/td>\n
\n \n1.58<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n1.73<\/p>\n<\/td>\n<\/tr>\n
\n \n \nZinc (%)<\/p>\n<\/td>\n
\n \n4.89<\/p>\n<\/td>\n
\n \n4.00<\/p>\n<\/td>\n
\n \n4.21<\/p>\n<\/td>\n
\n \n4.27<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n3.88<\/p>\n<\/td>\n<\/tr>\n
\n \n Metal production (before payable metal deductions)<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGold (ozs.)<\/p>\n<\/td>\n
\n \n11,187<\/p>\n<\/td>\n
\n \n9,317<\/p>\n<\/td>\n
\n \n5,851<\/p>\n<\/td>\n
\n \n7,767<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n7,171<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSilver (ozs.)<\/p>\n<\/td>\n
\n \n332,292<\/p>\n<\/td>\n
\n \n249,088<\/p>\n<\/td>\n
\n \n261,256<\/p>\n<\/td>\n
\n \n370,768<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n322,676<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCopper (tonnes)<\/p>\n<\/td>\n
\n \n431<\/p>\n<\/td>\n
\n \n303<\/p>\n<\/td>\n
\n \n296<\/p>\n<\/td>\n
\n \n406<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n336<\/p>\n<\/td>\n<\/tr>\n
\n \n \nLead (tonnes)<\/p>\n<\/td>\n
\n \n2,073<\/p>\n<\/td>\n
\n \n2,020<\/p>\n<\/td>\n
\n \n1,249<\/p>\n<\/td>\n
\n \n1,323<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n1,559<\/p>\n<\/td>\n<\/tr>\n
\n \n \nZinc (tonnes)<\/p>\n<\/td>\n
\n \n5,562<\/p>\n<\/td>\n
\n \n4,282<\/p>\n<\/td>\n
\n \n3,901<\/p>\n<\/td>\n
\n \n4,198<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n3,837<\/p>\n<\/td>\n<\/tr>\n
\n \n Metal produced and sold<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGold (ozs.)<\/p>\n<\/td>\n
\n \n8,381<\/p>\n<\/td>\n
\n \n8,746<\/p>\n<\/td>\n
\n \n5,478<\/p>\n<\/td>\n
\n \n7,514<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n6,508<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSilver (ozs.)<\/p>\n<\/td>\n
\n \n265,407<\/p>\n<\/td>\n
\n \n231,622<\/p>\n<\/td>\n
\n \n225,012<\/p>\n<\/td>\n
\n \n335,168<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n294,815<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCopper (tonnes)<\/p>\n<\/td>\n
\n \n408<\/p>\n<\/td>\n
\n \n286<\/p>\n<\/td>\n
\n \n282<\/p>\n<\/td>\n
\n \n372<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n332<\/p>\n<\/td>\n<\/tr>\n
\n \n \nLead (tonnes)<\/p>\n<\/td>\n
\n \n1,639<\/p>\n<\/td>\n
\n \n1,755<\/p>\n<\/td>\n
\n \n1,056<\/p>\n<\/td>\n
\n \n941<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n1,417<\/p>\n<\/td>\n<\/tr>\n
\n \n \nZinc (tonnes)<\/p>\n<\/td>\n
\n \n4,359<\/p>\n<\/td>\n
\n \n3,590<\/p>\n<\/td>\n
\n \n2,943<\/p>\n<\/td>\n
\n \n3,265<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n3,060<\/p>\n<\/td>\n<\/tr>\n
\n \n Average metal prices realized<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGold ($ per oz.)<\/p>\n<\/td>\n
\n \n$ 1,898<\/p>\n<\/td>\n
\n \n$ 1,874<\/p>\n<\/td>\n
\n \n$ 1,627<\/p>\n<\/td>\n
\n \n$ 1,734<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$ 1,915<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSilver ($ per oz.)<\/p>\n<\/td>\n
\n \n$ 23.94<\/p>\n<\/td>\n
\n \n$ 22.05<\/p>\n<\/td>\n
\n \n$ 18.54<\/p>\n<\/td>\n
\n \n$ 21.25<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$ 23.04<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCopper ($ per tonne)<\/p>\n<\/td>\n
\n \n$ 10,144<\/p>\n<\/td>\n
\n \n$ 9,275<\/p>\n<\/td>\n
\n \n$ 7,115<\/p>\n<\/td>\n
\n \n$ 8,221<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$ 9,172<\/p>\n<\/td>\n<\/tr>\n
\n \n \nLead ($ per tonne)<\/p>\n<\/td>\n
\n \n$ 2,347<\/p>\n<\/td>\n
\n \n$ 2,168<\/p>\n<\/td>\n
\n \n$ 1,882<\/p>\n<\/td>\n
\n \n$ 1,954<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$ 2,158<\/p>\n<\/td>\n<\/tr>\n
\n \n \nZinc ($ per tonne)<\/p>\n<\/td>\n
\n \n$ 3,842<\/p>\n<\/td>\n
\n \n$ 4,338<\/p>\n<\/td>\n
\n \n$ 3,186<\/p>\n<\/td>\n
\n \n$ 2,577<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$ 3,195<\/p>\n<\/td>\n<\/tr>\n
\n \n Gold equivalent ounces sold<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGold Ounces<\/p>\n<\/td>\n
\n \n8,381<\/p>\n<\/td>\n
\n \n8,746<\/p>\n<\/td>\n
\n \n5,478<\/p>\n<\/td>\n
\n \n7,514<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n6,508<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGold Equivalent Ounces from Silver<\/p>\n<\/td>\n
\n \n3,348<\/p>\n<\/td>\n
\n \n2,729<\/p>\n<\/td>\n
\n \n2,564<\/p>\n<\/td>\n
\n \n4,107<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n3,547<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal AuEq oz<\/p>\n<\/td>\n
\n \n11,729<\/p>\n<\/td>\n
\n \n11,475<\/p>\n<\/td>\n
\n \n8,042<\/p>\n<\/td>\n
\n \n11,621<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n10,055<\/p>\n<\/td>\n<\/tr>\n
\n \n Financial Data ($’s in thousands except for per ounce)<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal sales, net<\/p>\n<\/td>\n
\n \n$ 45,417<\/p>\n<\/td>\n
\n \n$ 37,064<\/p>\n<\/td>\n
\n \n$ 23,869<\/p>\n<\/td>\n
\n \n$ 32,374<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$ 31,228<\/p>\n<\/td>\n<\/tr>\n
\n \n \nEarnings from mining operations before depreciation and amortization<\/p>\n<\/td>\n
\n \n25,281<\/p>\n<\/td>\n
\n \n15,281<\/p>\n<\/td>\n
\n \n4,431<\/p>\n<\/td>\n
\n \n11,981<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n11,183<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal cash cost after co-product credits per AuEq oz sold<\/p>\n<\/td>\n
\n \n(163)<\/p>\n<\/td>\n
\n \n247<\/p>\n<\/td>\n
\n \n1,103<\/p>\n<\/td>\n
\n \n842<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n711<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal consolidated all-in sustaining cost after co-product credits per AuEq oz sold<\/p>\n<\/td>\n
\n \n462<\/p>\n<\/td>\n
\n \n799<\/p>\n<\/td>\n
\n \n1,831<\/p>\n<\/td>\n
\n \n1,226<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n1,218<\/p>\n<\/td>\n<\/tr>\n
\n \n \nProduction Costs<\/p>\n<\/td>\n
\n \n2,074<\/p>\n<\/td>\n
\n \n21,722<\/p>\n<\/td>\n
\n \n19,380<\/p>\n<\/td>\n
\n \n19,773<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n19,850<\/p>\n<\/td>\n<\/tr>\n
\n \n \nProduction Costs\/Tonnes Milled<\/p>\n<\/td>\n
\n \n147<\/p>\n<\/td>\n
\n \n168<\/p>\n<\/td>\n
\n \n175<\/p>\n<\/td>\n
\n \n170<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n169<\/p>\n<\/td>\n<\/tr>\n
\n \n \nEarnings before interest, taxes, depreciation, depletion, and amortization<\/p>\n<\/td>\n
\n \n15,328<\/p>\n<\/td>\n
\n \n13,716<\/p>\n<\/td>\n
\n \n(3,338)<\/p>\n<\/td>\n
\n \n3,758<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n6,085<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOperating Cash Flows<\/p>\n<\/td>\n
\n \n4,230<\/p>\n<\/td>\n
\n \n7,976<\/p>\n<\/td>\n
\n \n(4,292)<\/p>\n<\/td>\n
\n \n6,243<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n1,024<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet income<\/p>\n<\/td>\n
\n \n4,019<\/p>\n<\/td>\n
\n \n2,673<\/p>\n<\/td>\n
\n \n(9,730)<\/p>\n<\/td>\n
\n \n(3,283)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(1,035)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nEarnings per share – basic<\/p>\n<\/td>\n
\n \n$ 0.05<\/p>\n<\/td>\n
\n \n$ 0.03<\/p>\n<\/td>\n
\n \n($ 0.11)<\/p>\n<\/td>\n
\n \n($ 0.04)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n($ 0.01)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
Q1 2023 Conference Call<\/b><\/p>\n
\nThe Company will host a conference call Wednesday, April 26, 2023, at 10:00 a.m. Mountain Time.<\/p>\n
\nThe conference call will be recorded and posted to the Company\u2019s website later in the day following the conclusion of the call. Following prepared remarks, Allen Palmiere, President and Chief Executive Officer, Alberto Reyes, Chief Operating Officer and Kim Perry, Chief Financial Officer will host a live question and answer (Q&A) session. There are two ways to join the conference call.<\/p>\n
\nTo join the conference via webcast, please click on the following link:
\n
Click Here To Join Webcast<\/a><\/p>\n\nTo join the call via telephone, please use the following dial-in details:<\/p>\n
- \nThe Don David Gold Mine (\u201cDDGM\u201d) safety program aims to bolster the overall health and safety culture of our employees.<\/p>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20230425006138\/en\/1367905\/3\/GRC_LOGO_PNG.jpg\"){kind=logo}
<\/td>\n<\/tr>\n