Gold Resource Corp (NYSEMKT:GORO)

CAPS Rating: 1 out of 5

Low cost gold producer in Mexico, focused on cash flow and potential dividends.

Recs

0
Player Avatar 10qdetective (36.76) Submitted: 3/2/2014 6:42:09 PM : Outperform Start Price: $5.16 GORO Score: -5.22

Despite annual mill production of just 90,432 ounces of precious metal gold equivalent – 13% and one-fifth the annual production of Barrick Gold and Newmont Gold (NEM), the two largest ore producers in North America. – Gold Resources has one of the lowest mining costs, recording all-in costs of just $942 per ounce in 2012.

Looking at comparable solvency metrics, Gold Resources is probably one of the safest plays too: net debt is a nominal 12% of EBITDA and free cash flow represents 80% of net income.

Featured Broker Partners


Advertisement