Gold Resource
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Gold Resource (GORO) investor relations material

Gold Resource Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary18 Mar, 2026

Executive summary

  • Achieved a successful operational turnaround in 2025, ending with strong Q4 results and $25 million in cash and equivalents on hand.

  • Production improvements driven by new equipment and strategic use of contractors, with significant contributions from the Three Sisters zone.

  • Exploration focused on grade-control and infill drilling at Three Sisters and Arista vein systems, with expansion drilling planned for early 2026.

Financial highlights

  • Closed 2025 with $25.0 million in cash and equivalents, up $23.4 million from the prior year.

  • Working capital increased to $32.0 million, a 1,424% rise from December 31, 2024.

  • DDGM produced and sold 23,125 gold equivalent ounces, including 4,944 gold ounces and 1,461,898 silver ounces.

  • Average realized prices: $4,234/oz for gold and $55.06/oz for silver in Q4 2025.

  • Total cash costs after co-product credits per gold equivalent ounce sold were $2,205; all-in sustaining cost was $2,807.

Outlook and guidance

  • Anticipates silver will represent about 40% of output from the Three Sisters zone in 2026, increasing leverage to silver prices.

  • Positioned for continued operational momentum and expansion drilling in 2026.

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