Richard Irvine - Gold Resource COO

GORO Stock  USD 0.50  0.04  8.70%   

COO

Mr. Richard M. Irvine serves as Chief Operating Officer of Gold Resource Corporationrationration. Prior to joining the Company, Richard M. Irvine. Rick Irvine, age 54, joined the Company as Chief Operating Officer in March 2012 to supervise the mining operations in Mexico, evaluate other property opportunities in Mexico and globally. Prior to joining the Company, Mr. Irvine was the General Manager for Goldgroup Mining Inc. at the Caballo Blanco project in Veracruz, Mexico since April 2011. From November 2009 to March 2011, he was based in Lima, Peru where he served as Country Manager for Minera Huallanca S.A., a mining company operating two underground mines in Peru and he oversaw the sale of these operations to Nyrstar SA . From August 2008 to November 2009, he served as General Manager of Farallon Mining Ltd. in Guerrero, Mexico. From October 2007 to September 2008, he served as Vice President and General Manager with Coeur dAlene Mines Corporation where he supervised the San Bartolome project in La Paz, Bolivia. From December 2006 to October 2007, he was Manager of Operations for Pan American Silver Corporation and oversaw the design and development of the Manantial Espejo project in Argentina. Mr. Irvine has over 20 years of experience in the mining industry, including experience as a mine engineer and mine supervisor since 2012.
Age 53
Tenure 12 years
Phone303 320 7708
Webhttps://www.goldresourcecorp.com
Irvine received a Bachelor’s degree in Geology in 1987 from the University of New Brunswick Fredericton and a Bachelor’s degree in Mining Engineering in 1990 from Queen’s University Kingston, Ontario.

Gold Resource Management Efficiency

The company has return on total asset (ROA) of (0.0583) % which means that it has lost $0.0583 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.1537) %, meaning that it created substantial loss on money invested by shareholders. Gold Resource's management efficiency ratios could be used to measure how well Gold Resource manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 44.93 M in liabilities with Debt to Equity (D/E) ratio of 0.02, which may suggest the company is not taking enough advantage from borrowing. Gold Resource has a current ratio of 2.54, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Gold Resource until it has trouble settling it off, either with new capital or with free cash flow. So, Gold Resource's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Gold Resource sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Gold to invest in growth at high rates of return. When we think about Gold Resource's use of debt, we should always consider it together with cash and equity.

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Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company was founded in 1998 and is headquartered in Denver, Colorado. Gold Resource operates under Gold classification in the United States and is traded on AMEX Exchange. It employs 540 people. Gold Resource (GORO) is traded on NYSE MKT Exchange in USA. It is located in 7900 East Union Avenue, Denver, CO, United States, 80237 and employs 504 people. Gold Resource is listed under Precious Metals category by Fama And French industry classification.

Management Performance

Gold Resource Leadership Team

Elected by the shareholders, the Gold Resource's board of directors comprises two types of representatives: Gold Resource inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gold. The board's role is to monitor Gold Resource's management team and ensure that shareholders' interests are well served. Gold Resource's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gold Resource's outside directors are responsible for providing unbiased perspectives on the board's policies.
Richard Irvine, COO
Jessica Browne, Corporate Secretary
John Labate, CFO
Chet Holyoak, Interim Controller
Barry Devlin, Vice President - Exploration
Alexander Morrison, Director
Comm BCom, Pres CEO
Fred PGeo, Resource Geologist
Kimberly Perry, Independent Director
Gary Huber, Independent Director
Tor Falck, Independent Director
Jason Reid, CEO and President and Director
Gregory Patterson, VP of Corporate Devel.
Bill Conrad, Independent Chairman of the Board
Alberto Reyes, Chief Officer
Steve Donohue, Vice Affairs
Patrick Frenette, Vice Services

Gold Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Gold Resource a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Gold Resource in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Gold Resource's short interest history, or implied volatility extrapolated from Gold Resource options trading.

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When determining whether Gold Resource offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gold Resource's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gold Resource Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gold Resource Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Resource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running Gold Resource's price analysis, check to measure Gold Resource's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gold Resource is operating at the current time. Most of Gold Resource's value examination focuses on studying past and present price action to predict the probability of Gold Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Resource's price. Additionally, you may evaluate how the addition of Gold Resource to your portfolios can decrease your overall portfolio volatility.
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Is Gold Resource's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gold Resource. If investors know Gold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gold Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Gold Resource is measured differently than its book value, which is the value of Gold that is recorded on the company's balance sheet. Investors also form their own opinion of Gold Resource's value that differs from its market value or its book value, called intrinsic value, which is Gold Resource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gold Resource's market value can be influenced by many factors that don't directly affect Gold Resource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gold Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Resource's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.