Gold Resource Corporation · AMEX:GORO
Gold Resource — Shareholder Meeting (November 2010)
29 slides from Gold Resource's shareholder meeting presentation, Nov 5, 2010
Slide 1: Annual Meeting: Positioned for Aggressive Growth
Nov. 4, 2010 ANNUAL MEETING Positioned for Aggressive Growth
Slide 2: Forward Looking Statements
This brochure contains statements that plan for or anticipate the future. Forward-looking statements include statements about the Company's ability to develop and produce gold or other precious metals, statements about our future business plans and strategies, statements about future revenue and the
Slide 3: High-Grade Asset Base with Significant Exploration Potential
High-Grade Asset Base with Significant Exploration Potential Gold Producer Focused on Growth Low Cost Production Focused on Cash Flow and Dividends Engineered To Maximize Shareholder Value
Slide 4: Gold Resource Corporation
OLD Resource Corporation GORO
Slide 5: Gold and Silver Producer
Gold and Silver Producer Internal Estimate, Not SEC Proven & Probable Reserves; see Risk Factors in Company’s 10K Ø Mineralized Material (1) : Company estimate of 330,000 tonnes @ Au 7.5 grams / tonne Ag 63 grams / tonne Ø Open Pit viewed as cash flow generator to finance La Arista underground devel
Slide 6: Gold and Silver Producer
Gold and Silver Producer Ore Body Potential Feeder Vein 100% waste rock needed to build tailings dam 98% ore mined; stockpiled awaiting processing
Slide 7: Gold and Silver Producer
Gold and Silver Producer Miguel C. Mill Superintendent
Slide 8: Gold Resource Corporation
Go pb Resource Corporation GORO
Slide 9: Gold Resource Corporation
y Gor Resource Corrorarion ad GORO
Slide 10: IPO to Oct. 2010: Delivering Shareholder Value
9/14/2006: Begins trading on OTCBB after completing IPO in August 2006 2/4/2008: Begins construction on El Aguila Project 6/12/2008: Received federal permit to build mill for El Aguila project 12/9/2009: Begins commissioning its El Aguila mill 12/14/2009: Granted approval to develop the Arista mine
Slide 11: Targets
Targets Accelerate Development of Oaxaca Mining Unit Increase Shareholder Value Become “Main Stream” for Institutional Investors Position GORO as “GO TO” Gold Investment
Slide 12: Where We Are Going / Longevity
Where We Are Going / Longevity Accelerate Development of Oaxaca Mining Unit Open Pit La Arista Internal Estimate, Not SEC Proven & Probable Reserves; see Risk Factors in Company’s 10K
Slide 13: Where We Are Going / Longevity
Where We Are Going / Longevity Accelerate Development of Oaxaca Mining Unit Internal Estimate, Not SEC Proven & Probable Reserves; see Risk Factors in Company’s 10K December 2009: Mineralized Material Polygonal Envelopes 8 years estimated mine life Potential to double current Arista mine life estima
Slide 14: Where We Are Going / Longevity: Arista Vein Deposit
Recent Market Benchmark Ø Mineralized Material (1) : Company estimate of 2,962,000 tonnes @ Au 6.5 grams / tonne Ag 506 grams / tonne Cu 0.60 % Pb 2.24 % Zn 6.75 % Ø Current Mine Life Estimate (1) : 8 years Ø Potential to double Ø Targeting polymetallic stockpiles in Q4 2010 for seamless transition
Slide 15: La Arista Deposit Decline Development
• ~500 meters of strike • Deposit remains open Decline Development La Arista Deposit • Multiple en echelon veins • ~500 meters of depth Arista Vein Baja Vein Primary Decline Safety/Ventilation Decline Open Arista Mine
Slide 16: Arista Mine
Carlos T. Mine Superintendent Fidel L. Maintenance Superintendent Jorge S. Project Manager Julian D. Mine Geologist Jason R. President Arista Mine
Slide 17: Arista Mine: Intercepted Baja Vein
3 METERS OF 6 METER WIDE VEIN Arista Mine INTERCEPTED BAJA VEIN
Slide 18: Arista Mine: Epithermal Vein
PORTION OF 6 METER WIDE EPITHERMAL VEIN Arista Mine INTERCEPTED BAJA VEIN
Slide 19: Where We Are Going: Accelerate Exploration
Where We Are Going Accelerate Exploration of 5 Potential High-Grade Properties Acceleration of current 2 drill rig exploration program targeting 4-6 drill rigs Ø Large dominant land position with 5 properties Ø Concessions consolidate 3 historic mining districts (100% interest) Ø El Aguila Project;
Slide 20: Where We Are Going
Where We Are Going Formal Resource Report NYSE Amex Listing “Main Stream” for Institutional Investors Coverage (GRC targets, performance not guaranteed, see Risk Factors in Company’s 10K)
Slide 21: Main Stream Traction: GSA Top Stocks
GSA-Top 10 Stocks October 2010 Stock US trading Symbol 2010 Production Forecast Last Full Report Mentions Since Last Full Report Pro /Top10 US$ Target Price Added US$ Gold Resource GORO 35k Oct-10 Apr / - $36 Added @ $18.66 John C. Doody “Main Stream” traction www.goldstockanalyst.com Gold Stock Ana
Slide 22: Main Stream Traction
“Main Stream” traction August 31, 2010
Slide 23: Dividend & Yields
Company Annual Dividend Estimate Yield % Share Price Open 10/18/2010 Agnico Eagle C$0.18 0.3% C$71.96 Barrick U.S.$0.48 1.0% U.S.$47.54 Goldcorp U.S.$0.18 0.4% U.S.$44.45 Kinross U.S.$0.10 0.5% U.S.$18.83 Newmont U.S.$0.60 1.0% U.S.$61.66 Yamana U.S.$0.08 0.7% U.S.$11.11 Royal Gold U.S.$0.36 0.7% U.
Slide 24: Main Stream Traction
“Main Stream” traction October 1, 2010
Slide 25: GORO is focused on cash flow and dividends
Commercial Production Announced July 1, 2010 Special dividend declared Paid or payable to shareholders of record as of Special dividend amount Total Special Dividends Returned to Shareholders in 2010 July 29 August 16 $0.03 $0.12 Aug. 31 September 17 $0.03 Sept. 30 October 15 $0.03 Oct. 29 November
Slide 26: Become the Go To Gold Investment
Cash Flow Become the “Go To” Gold Investment Dividends “In Kind” Growth Treasury % in Physical Adding Ounces Capitalize on Opportunities Low Cost Producer The “Go To” Gold Company (GRC targets, performance not guaranteed, see Risk Factors in Company’s 10K)
Slide 27: The Go To Gold Company
The “Go To” Gold Company (GRC targets, performance not guaranteed, see Risk Factors in Company’s 10K) Dividends “In Kind” Design Drafts Gold Resource Corporation “Double Eagle”
Slide 28: Present Capitalization
Exchange NYSE Amex: GORO Present Capitalization Shares Outstanding 52,998,303 52 wk Range Low/Hi $7.21-$24.75 Substantial Shareholders Management ~19% Hochschild Mining plc ~28% Tocqueville Asset Management ~8% Tight Capital Structure
Slide 29: Conclusion
Conclusion Engineered From Day One To Maximize Shareholder Value Executed And Built $1B MC Company To Date Positioned for Aggressive Growth