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    David Top

    Research Analyst at Top Holdings

    No verifiable public information was found regarding David Top as an analyst at Top Holdings, including LinkedIn profiles, company coverage, career performance, or professional credentials. Without authoritative sources, a professional profile cannot be provided. If more details or an alternative spelling are available, further research may yield results.

    David Top's questions to GOLD RESOURCE (GORO) leadership

    David Top's questions to GOLD RESOURCE (GORO) leadership • Q3 2023

    Question

    Asked a wide range of questions covering the company's working capital, near-term profitability, future ore grades, potential of other properties, status of investments like Maritime and Green Light, the one-year plan, and the financing/permitting strategy for the Back Forty Project.

    Answer

    The executive stated working capital is adequate, and while profitability is subject to market conditions, higher ore grades are expected starting in Q4 2023. The focus for the next year is on making the Don David Mine cash-flow positive to rebuild reserves, with minimal spending on other projects. The Back Forty project is not financeable at the current market cap, which is the primary driver for exploring strategic alternatives like a merger. This strategic review is happening in parallel with, and not distracting from, the operational focus on the Don David Mine.

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