**Title: "Golden Struggles: GORO's Revenue Plunge Amid Market Challenges and Rising Prices"**

Performance of the Current Financial Report

Based on the financial data as of December 31, 2024, Goldcorp's (GORO) total operating revenue was US$12.97 million, a decrease of approximately 38.52% from US$21.14 million in 2023. This significant revenue decline may negatively impact the company's overall financial health, demonstrating its vulnerability in facing market challenges.

Key Financial Data

1. GORO's sales costs in 2024 were US$19.03 million, a decrease from US$23.71 million in 2023, but the gross profit was negative, indicating that the company failed to achieve profitability in selling its products.

2. Operating expenses and marketing costs increased from US$8.15 million in 2023 to US$8.54 million in 2024, showing challenges in the company's operational efficiency.

3. The production of gold and silver in the first and third quarters of 2024 indicates that despite controlled production, the company faces production challenges due to equipment shortages and unfavorable weather conditions.

4. The gold price is expected to continue rising in 2024, possibly reaching US$2,386.2 per ounce at the end of the year, which is a positive factor for the company's future profitability.

Industry Comparison

1. Overall industry analysis: The revenue of the gold industry fluctuates closely with gold prices, market demand, and geopolitical risks. The global economic slowdown in 2024 may lead to a depressed gold price, affecting the industry's overall revenue.

2. Peer comparison analysis: Compared to other companies in the industry, GORO's revenue decline is significant, which may reflect its disadvantages in the market competition or its products' failure to effectively meet market demand.

Summary

From this analysis, GORO faced a significant revenue decline in 2024, mainly due to the failure to effectively control sales costs, weak market demand, and low operational efficiency. Although the global gold price is expected to rise, GORO needs to address its internal operational issues to achieve profitability improvement.

Opportunities

1. The future profitability is expected to rise with the global gold price increase.

2. The company can enhance the gross margin by optimizing operational efficiency and reducing operating costs.

3. The potential recovery of market demand and rising gold prices will provide opportunities for profit rebound.

Risks

1. Continued weak market demand may further suppress revenue.

2. Equipment shortages and unfavorable weather conditions may affect production capacity.

3. Aggressive expansion and market strategies by competitors may increase market pressure on GORO.