$GORO
GOLD RESOURCE CORP

2020 Q4 Form 10-Q Financial Statement

#000155837020012253 Filed on November 02, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4
Revenue $90.69M $26.44M $24.28M
YoY Change 273.48% -34.02% -13.68%
Cost Of Revenue $78.21M $20.67M $16.90M
YoY Change 362.78% -32.78% -16.24%
Gross Profit $12.49M $5.765M $7.384M
YoY Change 69.11% -38.13% -7.19%
Gross Profit Margin 13.77% 21.81% 30.41%
Selling, General & Admin $10.63M $2.665M $3.036M
YoY Change 250.2% 20.53% 16.5%
% of Gross Profit 85.14% 46.23% 41.12%
Research & Development $1.019M -$490.0K
YoY Change -8.36% -150.88%
% of Gross Profit 17.68% -6.64%
Depreciation & Amortization $3.911M $7.400M $4.644M
YoY Change -15.78% 17.46% 14.02%
% of Gross Profit 31.32% 128.36% 62.89%
Operating Expenses $13.12M $3.684M $2.546M
YoY Change 415.2% 10.86% -28.66%
Operating Profit -$630.0K $2.680M $4.838M
YoY Change -113.02% -50.32% 10.28%
Interest Expense $82.00K $629.0K $285.0K
YoY Change -71.23% -2196.67% -215.85%
% of Operating Profit 23.47% 5.89%
Other Income/Expense, Net $1.109M $599.0K -$219.0K
YoY Change -606.39% -199.83% -85.45%
Pretax Income -$758.0K $2.680M $4.892M
YoY Change -115.49% -50.32% 85.87%
Income Tax $5.573M $2.900M $5.018M
% Of Pretax Income 108.21% 102.58%
Net Earnings $4.359M $5.001M $174.0K
YoY Change 2405.17% 67.93% -79.72%
Net Earnings / Revenue 4.81% 18.92% 0.72%
Basic Earnings Per Share $0.07
Diluted Earnings Per Share $62.36K $0.07 $2.648K
COMMON SHARES
Basic Shares Outstanding 71.87M 70.64M 65.69M
Diluted Shares Outstanding 71.04M

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.41M $31.31M $10.21M
YoY Change 148.82% 257.58% 31.54%
Cash & Equivalents $25.41M $23.40M $10.21M
Short-Term Investments
Other Short-Term Assets $647.0K $272.0K $343.0K
YoY Change 88.63% -95.5% -94.13%
Inventory $9.995M $26.98M $13.51M
Prepaid Expenses
Receivables $4.226M $4.777M $8.362M
Other Receivables $846.0K $140.0K $1.031M
Total Short-Term Assets $42.87M $70.48M $50.96M
YoY Change -15.87% 44.38% 62.53%
LONG-TERM ASSETS
Property, Plant & Equipment $62.51M $117.4M $65.24M
YoY Change -4.19% -11.37% -41.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $41.00K $5.550M $45.00K
YoY Change -8.89% -47.4% -99.42%
Total Long-Term Assets $62.86M $133.0M $142.0M
YoY Change -55.75% -7.02% 19.39%
TOTAL ASSETS
Total Short-Term Assets $42.87M $70.48M $50.96M
Total Long-Term Assets $62.86M $133.0M $142.0M
Total Assets $105.7M $203.5M $193.0M
YoY Change -45.22% 6.06% 28.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.782M $11.99M $9.050M
YoY Change -2.96% -9.52% -27.19%
Accrued Expenses $2.275M $3.754M $3.102M
YoY Change -26.66% -64.86% 72.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.305M
YoY Change -0.38%
Total Short-Term Liabilities $12.09M $20.46M $27.98M
YoY Change -56.81% -22.27% 59.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $249.0K $0.00
YoY Change -83.98% -100.0%
Other Long-Term Liabilities $13.00K $6.761M $6.973M
YoY Change -99.81% 17.15% 111.43%
Total Long-Term Liabilities $3.111M $7.010M $6.973M
YoY Change -55.39% -4.3% 26.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.09M $20.46M $27.98M
Total Long-Term Liabilities $3.111M $7.010M $6.973M
Total Liabilities $15.20M $27.47M $34.95M
YoY Change -56.53% -18.35% 51.52%
SHAREHOLDERS EQUITY
Retained Earnings $12.65M $14.86M $16.88M
YoY Change -25.02%
Common Stock $75.00K $72.00K $66.00K
YoY Change 13.64%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.884M $5.884M $5.884M
YoY Change 0.0%
Treasury Stock Shares $336.4K $336.4K $336.4K
Shareholders Equity $90.54M $176.0M $158.1M
YoY Change
Total Liabilities & Shareholders Equity $105.7M $203.5M $193.0M
YoY Change -45.22% 6.06% 28.39%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4
OPERATING ACTIVITIES
Net Income $4.359M $5.001M $174.0K
YoY Change 2405.17% 67.93% -79.72%
Depreciation, Depletion And Amortization $3.911M $7.400M $4.644M
YoY Change -15.78% 17.46% 14.02%
Cash From Operating Activities $18.11M $13.63M $13.64M
YoY Change 32.81% 104.49% 850.31%
INVESTING ACTIVITIES
Capital Expenditures -$6.265M -$2.142M $12.23M
YoY Change -151.23% -72.28% -187.41%
Acquisitions
YoY Change
Other Investing Activities $4.593M -$40.00K -$22.54M
YoY Change -120.38% -4100.0% -2253900.0%
Cash From Investing Activities -$1.672M -$2.182M -$10.31M
YoY Change -83.78% -71.76% -26.32%
FINANCING ACTIVITIES
Cash Dividend Paid $700.0K
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.21M -1.285M -1.658M
YoY Change 757.06% -164.38% -144.1%
NET CHANGE
Cash From Operating Activities 18.11M 13.63M 13.64M
Cash From Investing Activities -1.672M -2.182M -10.31M
Cash From Financing Activities -14.21M -1.285M -1.658M
Net Change In Cash 2.229M 10.16M 1.671M
YoY Change 33.39% 989.91% -119.0%
FREE CASH FLOW
Cash From Operating Activities $18.11M $13.63M $13.64M
Capital Expenditures -$6.265M -$2.142M $12.23M
Free Cash Flow $24.38M $15.77M $1.407M
YoY Change 1632.48% 9.56% -90.88%

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us-gaap Increase Decrease In Inventories
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1823000
us-gaap Increase Decrease In Other Noncurrent Assets
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2882000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
60000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
349000
us-gaap Increase Decrease In Accrued Income Taxes Payable
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1610000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17696000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7770000
CY2020Q3 goro Ore Stockpiles Underground Mine
OreStockpilesUndergroundMine
414000
CY2019Q4 goro Ore Stockpiles Underground Mine
OreStockpilesUndergroundMine
3968000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12915000
us-gaap Payments To Acquire Property Plant And Equipment
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29166000
us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Payments Of Dividends Common Stock
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2062000
us-gaap Payments Of Dividends Common Stock
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us-gaap Repayments Of Debt
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us-gaap Repayments Of Debt
RepaymentsOfDebt
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us-gaap Finance Lease Principal Payments
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us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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us-gaap Net Cash Provided By Used In Financing Activities
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15624000
us-gaap Net Cash Provided By Used In Financing Activities
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22695000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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20237000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
995000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11076000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7762000
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31313000
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
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us-gaap Income Taxes Paid
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1915000
us-gaap Income Taxes Paid
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3743000
goro Increase Decrease In Accrued Capital Expenditures
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-2207000
goro Increase Decrease In Accrued Capital Expenditures
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158000
us-gaap Asset Retirement Obligation Revision Of Estimate
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1404000
us-gaap Asset Retirement Obligation Revision Of Estimate
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1476000
goro Equipment Purchased Through Loan Payable
EquipmentPurchasedThroughLoanPayable
330000
goro Equipment Purchased Under Finance Lease
EquipmentPurchasedUnderFinanceLease
56000
goro Common Stock Issued For Acquisition
CommonStockIssuedForAcquisition
100000
CY2020Q3 goro Ore Stockpiles Open Pit Mine
OreStockpilesOpenPitMine
615000
CY2020Q3 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
550000
CY2019Q3 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
784000
us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
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18000
us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
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CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020Q3 us-gaap Short Term Investments
ShortTermInvestments
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CY2019Q4 us-gaap Short Term Investments
ShortTermInvestments
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CY2019Q4 goro Ore Stockpiles Open Pit Mine
OreStockpilesOpenPitMine
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CY2020Q3 goro Inventory Leach Pad
InventoryLeachPad
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CY2019Q4 goro Inventory Leach Pad
InventoryLeachPad
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CY2020Q3 goro Inventory Concentrates
InventoryConcentrates
1716000
CY2019Q4 goro Inventory Concentrates
InventoryConcentrates
1340000
CY2020Q3 goro Inventory Dore
InventoryDore
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CY2019Q4 goro Inventory Dore
InventoryDore
1581000
CY2020Q3 goro Product Inventory
ProductInventory
20038000
CY2019Q4 goro Product Inventory
ProductInventory
16825000
CY2020Q3 us-gaap Other Inventory Supplies
OtherInventorySupplies
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CY2019Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
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CY2020Q3 us-gaap Inventory Net
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CY2019Q4 us-gaap Inventory Net
InventoryNet
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CY2020Q3 goro Inventory Ore Stockpiles Non Current
InventoryOreStockpilesNonCurrent
5200000
CY2019Q4 goro Inventory Ore Stockpiles Non Current
InventoryOreStockpilesNonCurrent
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us-gaap Inventory Write Down
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us-gaap Inventory Write Down
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CY2019Q3 us-gaap Inventory Write Down
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CY2019Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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goro Minerals Tax Rate
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goro Dividend Withholding Tax Between Countries
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CY2020Q3 goro Mitl Corporate Income Tax Rate
MitlCorporateIncomeTaxRate
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goro Mitl Corporate Tax Excluding Mining Tax Rate
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goro Mitl Mining Tax Rate
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goro Mitl Withholding Tax On Dividends Paid To Residents And Nonresident Shareholders
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goro Dividend Withholding Tax Between Countries
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goro Dividend Withholding Tax Between Countries
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CY2020Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
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goro Gilti Effective Tax Rate Above Us Tax Rate
GiltiEffectiveTaxRateAboveUsTaxRate
0.90
goro Gilti Effective Tax Rate Percent Above Us Tax Rate
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CY2019Q4 us-gaap Prepaid Insurance
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CY2020Q3 us-gaap Value Added Tax Receivable Current
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CY2019Q4 us-gaap Value Added Tax Receivable Current
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245000
CY2019Q4 us-gaap Prepaid Royalties
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CY2020Q3 us-gaap Other Assets Current
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CY2019Q4 us-gaap Other Assets Current
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218000
CY2020Q3 us-gaap Supplies
Supplies
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CY2019Q4 us-gaap Supplies
Supplies
109000
CY2020Q3 us-gaap Prepaid Insurance
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CY2020Q3 us-gaap Prepaid Expense And Other Assets Current
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CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2020Q3 us-gaap Property Plant And Equipment Gross
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CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
210656000
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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105452000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
85397000
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2020Q3 goro Accrued Capital Expenditures
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1600000
CY2019Q4 goro Accrued Capital Expenditures
AccruedCapitalExpenditures
3800000
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7400000
us-gaap Depreciation Depletion And Amortization
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20000000.0
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6300000
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6300000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2020Q3 us-gaap Accrued Insurance Current
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CY2019Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
452000
CY2020Q3 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
2410000
CY2019Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
2212000
CY2020Q3 us-gaap Dividends Payable Current
DividendsPayableCurrent
238000
CY2019Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
219000
CY2020Q3 us-gaap Other Accrued Liabilities Current
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453000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
483000
CY2020Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3754000
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3366000
CY2019Q4 goro Reclamation Liabilities
ReclamationLiabilities
2014000
CY2018Q4 goro Reclamation Liabilities
ReclamationLiabilities
2009000
CY2019 goro Mine Reclamation Period Increase Decrease
MineReclamationPeriodIncreaseDecrease
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goro Mine Reclamation Foreign Currency Translation
MineReclamationForeignCurrencyTranslation
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CY2019 goro Mine Reclamation Foreign Currency Translation
MineReclamationForeignCurrencyTranslation
87000
CY2020Q3 goro Reclamation Liabilities
ReclamationLiabilities
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CY2019Q4 goro Reclamation Liabilities
ReclamationLiabilities
2014000
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3591000
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
1404000
CY2019 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
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us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
102000
us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
-181000
CY2019 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
28000
CY2020Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
5021000
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3591000
CY2020Q3 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
6710000
CY2019Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
5605000
CY2020Q3 goro Off Balance Arrangement
OffBalanceArrangement
5200000
CY2019Q4 goro Off Balance Arrangement
OffBalanceArrangement
6700000
CY2020Q3 goro Surety Bond
SuretyBond
9200000
CY2020Q3 goro Reclamation And Remediation Discount Rate
ReclamationAndRemediationDiscountRate
0.08
CY2019Q4 goro Reclamation And Remediation Discount Rate
ReclamationAndRemediationDiscountRate
0.08
us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
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CY2020Q3 us-gaap Long Term Debt
LongTermDebt
1000000.0
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1700000
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
200000
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
700000
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
100000
CY2020Q3 goro Contractual Payments Excluding Lease Payments Due Remainder Of Fiscal Year
ContractualPaymentsExcludingLeasePaymentsDueRemainderOfFiscalYear
600000
CY2020Q3 us-gaap Other Commitment
OtherCommitment
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us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y3M7D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0448
us-gaap Lessee Operating Lease Existence Of Residual Value Guarantee
LesseeOperatingLeaseExistenceOfResidualValueGuarantee
false
CY2020Q3 goro Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
3000
CY2020Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
570000
CY2020Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
21000
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
549000
CY2020Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
465000
CY2020Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
84000
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1866000
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
355000
us-gaap Operating Lease Payments
OperatingLeasePayments
4713000
us-gaap Operating Lease Payments
OperatingLeasePayments
1987000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1245000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
175000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1433000
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1422000
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1371000
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
51000
goro Finance Lease Monthly Principal Interest And Sales Tax Payments
FinanceLeaseMonthlyPrincipalInterestAndSalesTaxPayments
40000.00
CY2020Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
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CY2020Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
122000
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
419000
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
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CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
13000
CY2020Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P1Y3M25D
CY2020Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
9000
CY2019Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
15000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
30000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
47000
CY2019Q3 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
1374000
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
1452000
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
3162000
CY2020Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
112000
CY2019Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
107000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
332000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
311000
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
5000000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2020Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.95
goro Stock Issued During Period Shares Stock Options Exercised On Net Exercise Basis
StockIssuedDuringPeriodSharesStockOptionsExercisedOnNetExerciseBasis
250000
goro Stock Issued During Period Shares Stock Options Exercised And Delivered
StockIssuedDuringPeriodSharesStockOptionsExercisedAndDelivered
44698
goro Stock Issued During Period Shares Stock Options Exercised For Cash
StockIssuedDuringPeriodSharesStockOptionsExercisedForCash
24750
CY2019Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2019Q3 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
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CY2020Q3 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
140000
CY2019Q3 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
264000
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
535000
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1231000
CY2020Q3 us-gaap Restricted Stock Expense
RestrictedStockExpense
165000
CY2019Q3 us-gaap Restricted Stock Expense
RestrictedStockExpense
103000
us-gaap Restricted Stock Expense
RestrictedStockExpense
640000
us-gaap Restricted Stock Expense
RestrictedStockExpense
350000
CY2020Q3 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2019Q3 us-gaap Share Based Compensation
ShareBasedCompensation
367000
us-gaap Share Based Compensation
ShareBasedCompensation
1175000
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
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CY2019Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
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goro Period For Consulting Agreement
PeriodForConsultingAgreement
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CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2020Q3 us-gaap Dividends
Dividends
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us-gaap Dividends
Dividends
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CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2019Q3 us-gaap Dividends
Dividends
300000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.015
us-gaap Dividends
Dividends
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us-gaap Payments Of Dividends
PaymentsOfDividends
900000
CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-163000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-221000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-294000
CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
76000
CY2019Q3 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
69000
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
191000
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-103000
CY2020Q3 goro Unrealized Investment Gains Losses
UnrealizedInvestmentGainsLosses
716000
CY2019Q3 goro Unrealized Investment Gains Losses
UnrealizedInvestmentGainsLosses
307000
goro Unrealized Investment Gains Losses
UnrealizedInvestmentGainsLosses
1175000
goro Unrealized Investment Gains Losses
UnrealizedInvestmentGainsLosses
550000
CY2019Q3 goro Increase Decrease In Reserve For Inventory Obsolescence
IncreaseDecreaseInReserveForInventoryObsolescence
478000
goro Increase Decrease In Reserve For Inventory Obsolescence
IncreaseDecreaseInReserveForInventoryObsolescence
478000
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-92000
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-92000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-274000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-193000
CY2020Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
537000
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-600000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
871000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3600000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3900000
goro Average Share Price
AverageSharePrice
8.97
goro Average Share Price
AverageSharePrice
9.73
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
5001000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
2978000
us-gaap Net Income Loss
NetIncomeLoss
68000
us-gaap Net Income Loss
NetIncomeLoss
5658000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70641938
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65495958
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68896059
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63001178
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
402590
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
300941
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
393290
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
334953
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71044528
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65796899
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69289349
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63336131
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.07
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.05
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.09
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1400000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-100000
CY2019 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
200000
CY2020Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
653000
CY2020Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-103000
CY2020Q3 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
550000
CY2019Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-245000
CY2019Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1029000
CY2019Q3 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
784000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
250000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-232000
us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
18000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
1369000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
780000
us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
2149000
goro Unrealized Gain Loss On Gold And Silver Rounds Bullion
UnrealizedGainLossOnGoldAndSilverRoundsBullion
1175000
goro Unrealized Gain Loss On Gold And Silver Rounds Bullion
UnrealizedGainLossOnGoldAndSilverRoundsBullion
550000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-221000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-294000
goro Increase Decrease In Reserve For Inventory Obsolescence
IncreaseDecreaseInReserveForInventoryObsolescence
478000
goro Other Adjustments
OtherAdjustments
-139000
goro Other Adjustments
OtherAdjustments
-92000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
815000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-314000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
42286000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
5001000
CY2020Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3634000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
40066000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
2978000
CY2019Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9938000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
91389000
us-gaap Net Income Loss
NetIncomeLoss
68000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
12212000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
96018000
us-gaap Net Income Loss
NetIncomeLoss
5658000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
31186000
goro Increase Decrease In Accrued Capital Expenditures
IncreaseDecreaseInAccruedCapitalExpenditures
-2207000
goro Non Cash Additions To Capital Expenditure
NonCashAdditionsToCapitalExpenditure
1504000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
12915000
goro Increase Decrease In Accrued Capital Expenditures
IncreaseDecreaseInAccruedCapitalExpenditures
158000
goro Non Cash Additions To Capital Expenditure
NonCashAdditionsToCapitalExpenditure
1862000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
29166000
CY2020Q3 us-gaap Assets
Assets
203463000
CY2019Q4 us-gaap Assets
Assets
193012000

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