Gold Resource Corp (NYSEMKT:GORO)

CAPS Rating: 1 out of 5

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


Player Avatar 10qdetective (28.32) Submitted: 3/2/2014 6:42:09 PM : Outperform Start Price: $5.14 GORO Score: -34.48

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.

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