Gold Resource Reports Significant Q4 Production Improvement with $25M Year-End Balance Sheet
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Should l Buy GORO?
Gold Resource announced preliminary Q4 production results from its Don David Gold Mine that are a significant improvement from previous quarters and represents 45% of the FY25 production. The net result is a significantly improved year-end balance sheet of $25M and no debt. During the quarter, the Company's production profile has transitioned into more of a silver producer, accounting for about 80% of its revenue, including a record sale of 663,503 ounces of silver, 1,785 ounces of gold and a total gold equivalent, or AuEq, ounces of 10,413. For the twelve months ending December 31, 2025, the company sold 23,125 AuEq ounces. "We are extremely pleased to report a such strong finish to 2025, reflecting the successful turnaround in operations and increasing ore production from the new Three Sisters area where higher grades and improved production, combined with record high metal prices," said Allen Palmiere, President and CEO. "During the quarter, we realized an average sale price of $55 per ounce of silver and $4,234 per ounce for gold. In 2026, we expect continued leverage to the silver price with 40% of our production from the Three Sisters area. Overall, we are pleased with the mine's performance, which reflects the execution of the operational plans and new equipment we outlined a year ago. I would like to thank the entire team for their focus and execution in delivering these outstanding operational results."
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Analyst Views on GORO
Wall Street analysts forecast GORO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GORO is 1.25 USD with a low forecast of 1.25 USD and a high forecast of 1.25 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.530
Low
1.25
Averages
1.25
High
1.25
Current: 1.530
Low
1.25
Averages
1.25
High
1.25
About GORO
Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Base metals, critical to the United States, are also produced as a by-product. The Company’s focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico and to develop the Back Forty Project in Michigan, United States. Back Forty is a 100%-owned development-stage project delineating a gold-rich volcanogenic massive sulfide (VMS) deposit located along the mineral-rich Penokean Volcanic Belt in Michigan’s Upper Peninsula. Its segments include Oaxaca, Mexico, and Michigan, U.S.A. Oaxaca, Mexico represents the Company’s only operating segment with a production stage property that produces copper, lead, and zinc concentrates that also contain gold and silver. Michigan, U.S.A. is an advanced exploration stage property with no current metal production.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Background of Incident: The blockade was initiated by approximately 20 employees of contractors whose agreements were terminated following notice from the CTM union; although the company was not directly involved, it expressed gratitude for the patience of all parties, demonstrating its neutral stance in crisis management.
- Internal Dispute: Gold Resource Corporation reiterates that the dispute was an internal matter between union factions and contractors, which did not directly impact the company's operations, indicating a cautious approach in handling union relations.
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- Movano Merger Investigation: The merger of Movano Inc. with Corvex, Inc. will result in Movano shareholders owning approximately 3.8% of the combined company, prompting Halper Sadeh LLC to investigate the legality and impact of this transaction on shareholder interests.
See More
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- Blockade Lifted: Gold Resource announced that the blockade at its Don David gold mine in Oaxaca, Mexico, has been lifted, allowing mining and processing operations to resume, which is expected to significantly enhance the company's production capacity and revenue.
- Internal Dispute: The blockade was initiated by approximately 20 employees of contractors whose agreements were terminated, with Gold Resource stating that the dispute is an internal matter between union factions and contractors, not directly involving the company.
- Market Reaction: Gold Resource's shares rose by 14.4% in Tuesday's trading, reflecting investor optimism regarding the resumption of operations, while also benefiting from rising gold and silver prices, indicating signs of recovery in the precious metals market.
- Industry Trends: Following two days of heavy selling, precious metals stocks are generally rising as gold and silver prices rebound, and Gold Resource's operational resumption may further enhance its competitiveness and attractiveness in the market.
See More
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- Transaction Details: In the deal between Gold Resource Corporation and Goldgroup Mining, Gold Resource shareholders will convert their shares into 1.4476 common shares of Goldgroup, demonstrating a commitment to shareholder interests.
- Cash and Stock Combination: For the Stellar Bancorp and Prosperity Bancshares transaction, Stellar shareholders are expected to receive 0.3803 shares of Prosperity common stock and $11.36 in cash per share, reflecting the company's strategy to reward shareholders.
- Upcoming Vote: In the transaction involving Ventyx Biosciences and Eli Lilly, Ventyx shareholders are expected to receive $14.00 in cash per share, with a shareholder vote scheduled for March 3, 2026, highlighting the importance of shareholder involvement in the transaction.
See More
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- Conflict Background: The blockade was initiated by approximately 20 employees of contractors whose agreements were terminated following notice from the CTM union, with Gold Resource Corporation maintaining neutrality throughout the process, indicating no direct involvement in the internal union dispute.
- Appreciation for Support: The company expresses gratitude to employees, union members, community stakeholders, and governmental partners for their patience and assistance in resolving the situation, emphasizing the importance of collaboration in restoring normal operations.
- Future Development: Gold Resource Corporation focuses on developing its Don David Gold Mine in Mexico and the Back Forty Project in Michigan, aiming to unlock the significant potential of its existing infrastructure and land position to drive long-term growth.
See More
Gold Resource Corporation Lifts Blockade at Oaxaca Mine
- Blockade Lifted: Gold Resource Corporation announces that the illegal blockade restricting access to its Oaxaca mine has been lifted, allowing mining and processing operations to safely resume, which is expected to enhance the company's output and revenue.
- Background of Incident: The blockade was initiated by approximately 20 employees of contractors whose agreements were terminated following notice from the CTM union; although the company was not directly involved, it expressed gratitude for the patience of all parties, demonstrating its neutral stance in crisis management.
- Internal Dispute: Gold Resource Corporation reiterates that the dispute was an internal matter between union factions and contractors, which did not directly impact the company's operations, indicating a cautious approach in handling union relations.
- Future Outlook: The company is focused on developing the Don David Gold Mine in Mexico and the Back Forty Project in Michigan, and the lifting of the blockade will facilitate the acceleration of these projects, further unlocking the potential value of its infrastructure and land holdings.
See More
