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Gold Resource GORO Michigan Usa — Mining Exploration Expense

Other segment segments

Oaxaca Mexico
$1.23M+338%

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USAUExploration Expense
$436.91K-41.4%

Other financials

Income statement

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Revenue$43.9M+256%
Gross profit$19.0M+1,412%
Operating income$9.5M+221%
Net income$4.7M+157%
EPS (diluted)$0.03+143%

Balance sheet

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Cash & equivalents$31.0M+534%
Total debt$5.7M
Total equity$48.8M+98.6%
Total assets$196.4M+33.0%

Cash flow

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Operating cash flow$14.9M+1,893%
CapEx$8.8M+302%
Free cash flow$6.1M+302%

Valuation

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Market cap$205.6M+179%
P/S1.6×+0.1×

Profitability

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Gross margin36%+24.3pp
Operating margin-57.9%+2.5pp
Net margin-58%-7.8pp
FCF margin7.4%+4.3pp

Returns & leverage

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Return on equity-111.4%+61.9pp
Debt / equity0.3×
Current ratio3.3×+1.9×

Where this comes from

Reported directly by Gold Resource in its filing.

Tagged under the XBRL concept goro:MiningExplorationExpense.

The official record: Gold Resource’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Gold Resource's michigan usa — mining exploration expense?
Gold Resource (GORO) reported michigan usa — mining exploration expense of $209K in Q1 2026.
How has Gold Resource's michigan usa — mining exploration expense changed year-over-year?
Gold Resource's michigan usa — mining exploration expense increased by 2.5% year-over-year, from $204K to $209K.
What is the long-term trend for Gold Resource's michigan usa — mining exploration expense?
Over 3 years (2021 to 2025), Gold Resource's michigan usa — mining exploration expense has grown at a 143.4% compound annual growth rate (CAGR), from $55K to $793K.
What does michigan usa — mining exploration expense mean?
Represents the costs incurred to identify, evaluate, and define mineral resources within the Michigan segment. This metric reflects the company's commitment to future growth through geological investigation and project development. High levels of expenditure indicate active exploration efforts, while lower levels may suggest a shift toward project maintenance or resource depletion.