Gold Resource Corp (GORO)

Gold Resource Corp Stock (GORO) dropped by 18.5% from $0.40 to $0.33 in the trading on Tuesday November 07, 2023. The reasons why GORO stock down today include:

• Disappointing financial results: Gold Resource reported a loss of $(0.08) per share, fell short of the analyst consensus estimate of $(0.04) by a significant margin of 100 percent.
• Decrease in sales figures: The company reported quarterly sales of $20.55 million, surpassing the analyst consensus estimate of $19.48 million. The figures reflected a 13.91 percent decline compared to the same period last year sales of $23.87 million. This decrease in sales indicates a challenging market environment for Gold Resource, highlighting the need for strategic adjustments and innovative approaches to regain momentum.

Gold Resource Corporation Stock (GORO) declined 6.45% from $ 0.62 to $0.58 on the announcement for the change of Chief Financial Officer with the departure of Kim Perry and the appointment of Chet Holyoak as Interim Chief Financial Officer.

https://finance.yahoo.com/news/change-chief-financial-officer-appointment-224500752.html

Gold Resource Corp Stock (GORO) dropped by 29.44% from $1.63 to $1.15 in the trading on Monday February 13, 2023. The reason why GORO stock down today is due to the suspending dividend program. Gold Resource Corp. announced to suspend its quarterly dividend until such time that it may become practicable to reinstate. The company attributes this decision to market unpredictability, tough economic conditions, and the lower quality of its current mineral reserves and resources, which have impacted cash flows and overall earnings in 2022. Additionally, the company expects reduced production this year compared to 2022 due to lower gold grades, leading to increased cash costs and overall sustaining costs.