30 July 2026listing compliance notice▼ BadMajor
GOLD RESOURCE CORP deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 July 2026business combination● NeutralMajor
The Goldgroup merger closed on July 17, 2026: each Gold Resource share was converted into 0.3619 Goldgroup shares (1.4476 before Goldgroup's four-for-one consolidation), with fractions rounded up. Gold Resource is now a wholly owned Goldgroup subsidiary, its four directors (Palmiere, Gianulis, Murphy, Little) left the board, and it asked NYSE American to delist its stock and plans to file a Form 15 to end its SEC reporting. Goldgroup's shares are expected to trade as GORO on NYSE American after closing. This resolves the pending-merger thread; Options, DSUs and RSUs were assumed by Goldgroup and PSUs converted to time-vested RSUs.
20 July 2026listing compliance notice● NeutralMajor
GOLD RESOURCE CORP's exchange filed to remove a class of its securities from listing.
18 June 2026business combination● Neutral
Gold Resource added disclosures to its merger proxy after saying multiple lawsuits were threatened by purported shareholders challenging the proxy's completeness; the company says the claims lack merit and the additions are voluntary. The additions include a record-date share count of about 163,392,909 (corrected from 161,889,776), a statement that earlier sale-process agreements had no 'don't ask, don't waive' clause, and 2026-2030 company projections that were shared with Goldgroup and with its financial adviser ATB Cormark. The filing says the projections should not be relied on.
29 May 2026business combination● NeutralMajor
Gold Resource filed its final proxy statement for the Goldgroup merger, setting a virtual special shareholder meeting for July 2, 2026 (record date May 26, 2026). Shareholders vote on the merger (needs a majority of all outstanding shares, so not voting counts as against), a non-binding merger-pay vote and a possible adjournment; the board unanimously recommends FOR on all three. Each GRC share would convert into 1.4476 Goldgroup shares (adjusted for Goldgroup's share consolidation), with fractions rounded up. This follows the May 15 preliminary proxy, filling in the blanks left there; no vote has happened yet.
15 May 2026business combination● Neutral
On May 15, 2026 Gold Resource and Goldgroup amended the merger agreement to drop the fixed four-to-one Goldgroup share consolidation and instead set the ratio jointly later, subject to TSX Venture Exchange approval. The filing says the consolidation is meant to meet NYSE American listing requirements. Because the consolidation ratio is now open, the per-share exchange ratio after consolidation (previously 0.3619) is not fixed in this filing; the 1.4476 pre-consolidation ratio is not stated as changed.
15 May 2026business combination● NeutralMajor
Gold Resource filed a preliminary proxy statement for a special shareholder meeting (date still blank) to vote on the Goldgroup merger, a non-binding vote on merger-related executive pay, and a possible adjournment. Approval needs a majority of all outstanding shares, so not voting counts as a vote against; the board recommends voting for all three. The filing says Goldgroup will apply to list its shares on NYSE American after closing, and the agreement was amended on May 15, 2026. This moves the deal toward a shareholder vote, but no vote or closing has occurred yet.
26 Jan 2026business combination● NeutralMajor
The formal merger agreement with Goldgroup Mining Inc. was signed January 25, 2026, setting out the terms behind the announcement: each Gold Resource share converts into 1.4476 Goldgroup shares (0.3619 after a four-for-one consolidation), the board unanimously backs it, and directors and officers signed voting support agreements. Either side can walk away if the deal has not closed by July 31, 2026, and a $5 million break fee applies to each side in specified cases, such as a competing deal. Options, deferred and restricted share units would be assumed by Goldgroup. It continues the Goldgroup thread and does not itself end any shareholder position.
26 Jan 2026business combination▲ GoodMajor
Gold Resource announced it has agreed to be acquired by Goldgroup Mining Inc. (a Canadian company) through a merger, with Gold Resource shareholders to receive 1.4476 Goldgroup shares per share held (0.3619 after a planned four-for-one Goldgroup share consolidation). The press release puts this at US$2.25 per share, a 39% premium to the January 23, 2026 close, and about US$372 million for the common stock; Gold Resource holders would own roughly 40% of the combined company, with closing expected in Q2 2026 subject to shareholder and Mexican antitrust approvals. This opens a new thread that, if completed, would end the current shares in exchange for Goldgroup shares.
8 Sept 2025material agreement● NeutralMajor
The company closed a registered direct offering on September 8, 2025 of up to 25,315,960 shares at $0.45, for about $11.4 million gross. About $6.4 million is intended to repay in full the June 2025 loan from Reyes de la Campa and Jaluca, with the rest for working capital, Three Sisters development and Back Forty prefeasibility and permitting work. This resolves the loan thread opened in June (the filing states an intention to prepay, not that repayment has occurred) and dilutes shareholders further after the January offering.
30 June 2025capital raising announcement● NeutralMajor
The company and its Mexican subsidiary DDGM borrowed $6.28 million from Francisco Javier Reyes de la Campa and Jaluca Limited, at SOFR plus 5%, maturing December 26, 2026 and secured by a pledge of the company's equity in DDGM. The lender's affiliate also received a warrant for up to 1,500,000 shares at $0.65, exercisable until June 26, 2027. The company says the money will fund development of the Three Sisters area at the Don David mine, replacement equipment and mill upgrades.
What it means for a shareholder
1.5m new shares at US$0.650 to raise about US$975,000. That's 1.2% dilution: every existing holder's slice gets 1.2% smaller. If you held US$1,000 of shares (1,538 at the issue price), your slice goes from 0.00128% to 0.00126% of the company. To keep it you'd need 19 more shares - about US$12 at the issue price.
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20 Mar 2025financial restatement▼ BadMajor
The company said its financial statements for 2022 and 2023 and the first three quarters of 2024 (with their prior-year comparatives) should no longer be relied on. Its Back Forty gold and silver stream liabilities (carried over from the Osisko Bermuda agreements) were understated, which also understated net loss. The company says the errors are non-cash, do not affect cash, and do not relate to the Mexican operations. It also reports a material weakness in internal control, continuing the earlier weakness tied to Aquila acquisition accounting.
8 Jan 2025material agreement▼ BadMajor
The company agreed to sell up to 15,625,000 new shares at $0.16 each in a registered direct offering, for about $2.5 million gross, expected to close around January 17, 2025. Proceeds are for working capital and general corporate purposes. This dilutes existing shareholders.
27 Oct 2023resource reserve update● NeutralMajor
The company released an updated resource estimate and an initial economic study for its 100%-owned Back Forty Project in Michigan, the development asset gained through the 2021 Aquila acquisition. The study shows a 9-year mine life, after-tax NPV (at a 6% discount rate) of $214.4 million, after-tax IRR of 25.7% and initial capital cost of $325.1 million, assuming gold at $1,800/oz. Measured and Indicated resources fell 21% versus the previous estimate while Inferred resources were within 1%.
8 Apr 2022auditor change● Neutral
On April 7, 2022 the company engaged BDO USA, LLP as its auditor for the year ending Dec 31, 2022, approved by the Audit Committee. This fills the vacancy left when Plante & Moran declined to continue in March 2022.
18 Mar 2022auditor change▼ BadMajor
On March 14, 2022 auditor Plante & Moran told the company it would not stand for re-appointment for 2022. The filing says its 2020 and 2021 reports had no adverse or qualified opinions and there were no disagreements, but its opinion found the company's internal controls over financial reporting were not effective at Dec 31, 2021, because of a material weakness in accounting for the Aquila acquisition. The company has started a search for a new auditor.
25 Feb 2022asset acquisition disposition▼ Bad
The company said it will miss the deadline to file Aquila's audited financial statements and the pro forma financial information for the acquisition. The filing states Aquila's earlier audits followed Canadian standards and must be redone under U.S. standards, and that this audit is not finished. The required information will be filed in a later amendment; the filing gives no new date.
15 Dec 2021business combination● NeutralMajor
The Aquila acquisition closed on Dec 10, 2021, with the company issuing 13,714,630 of its shares to Aquila shareholders at 0.0399 per Aquila share (about C$30.9 million). Aquila holders approved on Nov 17 and the Ontario court approved on Nov 19, 2021. This completes the deal announced in September and finalised in October, and increases the company's share count; Aquila's financial statements and pro forma information are still to be filed.
12 Oct 2021business combination● NeutralMajor
On Oct 5, 2021 the company signed the definitive Arrangement Agreement to acquire Aquila Resources on the terms set out in the September letter (0.0399 company share per Aquila share, about C$30.9 million). Both boards approved it; Aquila shareholders vote Nov 17, 2021, and Orion Mine Finance (28.3%), Hudbay Minerals (10.4%) and Aquila directors and officers (about 1.9%) have agreed to vote in favour. Either party can terminate if it is not completed by Jan 14, 2022, and Aquila owes a C$1,000,000 fee in certain circumstances. This turns the earlier letter agreement into a binding deal.
8 Sept 2021material agreement● NeutralMajor
On Sept 7, 2021 the company signed a binding letter agreement to buy all of Aquila Resources Inc. for 0.0399 of a company share per Aquila share (about C$0.09 per share, roughly C$30.9 million in total). Aquila holders would own about 85.1%/14.9% split with existing company holders (14.9% to Aquila holders) on a fully diluted basis. A definitive agreement is still required, exclusivity runs up to 45 days, and company shareholder approval is not needed; closing is expected in Q4 2021. Aquila's Back Forty Project in Michigan would be added alongside the Don David Gold Mine in Oaxaca.
16 Apr 2021material agreement termination● Neutral
The company gave notice on April 14, 2021 that it is ending the Management Services Agreement with Fortitude Gold, effective May 21, 2021. The filing says this is because Fortitude has developed its own corporate, administrative and technical capabilities. This winds down the transition support set up at the Dec 2020 spin-off.
7 Jan 2021asset acquisition disposition● NeutralMajor
On Dec 31, 2020 the company completed the spin-off of its subsidiary Fortitude Gold Corporation, giving shareholders of record on Dec 28, 2020 one Fortitude share for every 3.5 company shares held. The two companies signed a Separation Agreement and a Management Services Agreement (running to Dec 31, 2021, then year to year); the Separation Agreement restricts share issuances, business combinations and asset sales for two years to protect the spin-off's tax-free status. Shareholders now hold shares in two companies; Fortitude has applied to quote on OTCQB, and the company stays listed as GORO. The filing also states Fortitude retains $6.8 million of cash and the CEO was paid about $0.5 million to settle his employment agreement.
4 Oct 2018auditor change● Neutral
EKS&H, Gold Resource's auditor, resigned on October 1, 2018 after combining with Plante & Moran PLLC, and the company's audit committee engaged Plante Moran as its new auditor. The filing reports no disagreements, no reportable events, and no adverse opinions for 2016 and 2017.
18 Aug 2016asset acquisition disposition● NeutralMajor
Gold Resource bought Walker Lane Minerals Corporation on August 12, 2016 from two Texas partnerships (TXAU Development and TXAU Investment) for $152,855 in cash plus 2,000,000 restricted shares valued at about $13.1 million (total about $13.2 million). The company holds mining claims subject to royalties and water rights in Mineral County, Nevada, and has no active operations; this is the first non-Oaxaca asset in the company's history here. Issuing 2,000,000 shares dilutes existing shareholders.
24 Mar 2016auditor change● Neutral
Gold Resource replaced KPMG LLP with EKS&H LLLP as auditor for fiscal 2016, after KPMG completed its 2015 audit. The filing reports no disagreements and no adverse opinions, and notes the 2014 income-tax material weakness KPMG had flagged was remediated as of Dec 31, 2015. No reason for the change is given.
14 May 2014material agreement● Neutral
This amendment only corrects item-number tags on the May 13, 2014 filing and changes nothing else. The underlying filing records a May 12, 2014 letter agreement in which Gold Resource will register 4,100,000 restricted shares held by Hochschild, its largest shareholder, and Hochschild agrees to limits on reselling them (no more than 2,000,000 shares per 30 days, plus pauses after price drops). The agreement ends if the registration is not effective by August 31, 2014 or Hochschild falls below 10% ownership. This continues the Hochschild relationship; the filing also references a news release on results, whose figures are not included here.
18 Dec 2013material agreement● Neutral
The board approved a standard form of indemnification agreement under which the company will cover directors and officers for expenses and liabilities from their roles, to the extent the law allows. It expects to sign similar agreements with all current and future directors and officers. No amounts are stated.
19 Mar 2013auditor change● Neutral
Gold Resource replaced its auditor StarkSchenkein, LLP with KPMG LLP for fiscal 2013, a week-and-a-half after... the 2012 annual report was filed on March 18, 2013. The filing states there were no disagreements and no adverse or qualified opinions from the outgoing auditor. The filing does not give a reason for the change; the outgoing auditor also signed off on the 2012 restatement period, but the filing does not link the two.
14 Dec 2012financial restatement● NeutralMajor
Gold Resource amended its November 2012 restatement notice, changing the numbers: the revenue reduction for the first six months of 2012 is now about $3.3 million (down from about $3.7 million) and the unpaid ounces are about 1,410 gold-equivalent (down from about 1,800). It now describes the error as one in recognising concentrate sales, and the control weakness as one of design, which management says was remediated by Sept 30, 2012. This continues the restatement thread and slightly softens the earlier estimate.
8 Nov 2012financial restatement▼ BadMajor
Gold Resource said its Q1 and Q2 2012 financial statements should no longer be relied on and will be restated, after settling a dispute with its concentrate buyer over differences between the company's own pre-shipment assays and the buyer's assays. The restatement cuts 2012 first-half revenue by about $3.7 million ($3.0M cash settlement, $0.7M non-cash derivative adjustment), and about 1,800 gold-equivalent ounces from February and March 2012 will not be paid. The company also reported a material weakness in its concentrate-sales controls, which it says was remediated by Sept 30, 2012. This reverses the earlier reported quarterly net income figures of $13.5M (Q1) and $4.1M (Q2) in the context, which will be restated downward.