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Gold Resource Corp Reports Net Loss of $4.6 Million in Q2 2023
Quarterly Revenue Falls to $24.8 Million
Gold Resource Corporation (GORO) has released its condensed cons olidated interim financial statements for the second quarter of 2023. The company reported a net loss of $4.6 million, with a decrease in revenue to $24.8 million for the three months ended June 30, 2023, compared to $37.1 million in the same period the previous year. The financial results indicate a challenging quarter for the mining company, impacted by various factors affecting its operations.
GOLD RESOURCE CORPORATION Faces Net Loss
Gold Resource Corporation reported a net loss of $4.6 million for the three months ended June 30, 2023, marking a significant decline compared to the same period in the previous year when the company recorded a net income of $2.7 million. This negative financial performance can be attributed to various factors, including reduced sales and increased costs and expenses.
Revenue Drops to $24.8 Million in Q2*