Gold Resource Corporation · AMEX:GORO
Gold Resource — Investor Presentation (September 2010)
23 slides from Gold Resource's investor presentation, Sep 21, 2010
Slide 1: Gold Resource Corporation Management Presentation
4 ~ \sGoe Resource Corporation Seg Management Presentation September 2010
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation, and other written or oral statements made by or on behalf of the Company, contain forward-looking statements within the meaning of the federal securities laws. Forward looking statements include statements preceded by, followed by or that include words s
Slide 3: World Class Asset Base with Significant Exploration Potential
World Class Asset Base with Significant Exploration Potential Producing, Growth-Focused Gold Company Emerging Low-Cost Precious Metals Producer Third Party Validation Strong, Experienced Management Team
Slide 4: Publicly held, Colorado-based Corporation
Ø Publicly held, Colorado-based Corporation – Recently listed on NYSE Amex (Ticker: GORO) Ø Focused on the exploration and production of gold and silver projects that target low operating costs and high return on capital Ø Oaxaca Mining Unit consists of 100% interest in 5 potential high-grade gold a
Slide 5: Commenced Commercial Production
Commenced Commercial Production *
Slide 6: Company milestones timeline and Hochschild placements
(1) 12/10/2008: Strategic alliance with Hochschild formed, $5 million private placement (4) 12/18/2009: $16 million private placement with Hochschild (2) 2/26/2009: $13 million private placement with Hochschild (5) 3/9/2010: $5.2 million private placement with Hochschild (3) 6/30/2009: $20 million p
Slide 7: Concessions consolidate historic mining districts
Ø Concessions consolidate 3 historic mining districts (100% interest) Ø 16+ kilometer mineralized structural corridor Ø El Aguila Project; 3 deposits discovered to date – El Aguila Open Pit • Metals: Au, Ag – La Arista Underground • Metals: Au, Ag, Cu, Pb, Zn – El Aire Underground • Metals: Au, Ag,
Slide 8: El Aguila Open Pit mineralized material and production
Ø Mineralized Material (1) : Company estimate of 330,000 tonnes @ – Au 7.5 grams / tonne – Ag 63 grams / tonne Ø +90% mined; ore in stockpiles awaiting processing Ø Declared commercial production July 1, 2010 – Targeting 60,000-70,000 ounces of gold from deposit • 1 year mine life to July 1, 2011 •
Slide 9: Ore Body / Potential Feeder Vein
Ore Body Potential Feeder Vein
Slide 10: La Arista mineralized material and production targets
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) : 7 years Ø Targeted production on July 1, 2011 – Projecting up to 200,000 ounces of gold equivalent (gold and silver) a
Slide 11: Mineralized Material Polygonal Envelopes
Oct. 2008: 4 years estimated mine life December 2009: 7 years estimated mine life Baja vein 10/08 Arista vein 10/08 Baja vein 12/09 Long section Arista vein 12/09 Long section Mineralized Material Polygonal Envelopes Mineralized Material Polygonal Envelopes Veins remain open on strike and depth Pote
Slide 12: La Arista decline development
Decline Development as of 6-24-10 Ø ~500 meters of strike Ø Deposit remains open Arista Vein Baja Vein Primary Decline Safety/Ventilation Decline Open La Arista Deposit Ø Multiple en echelon veins Ø ~500 meters of depth
Slide 13: Relative Average Metal Grade Comparisons
Relative Average Metal Grade Comparisons Company Mine Name Gold (Au) g/t Silver (Ag) g/t Copper (Cu) % Lead (Pb) % Zinc (Zn) % Gold Equivalent (AuEq*) g/t Agnico Eagle LaRonde 2.80 68 0.35 3.65 5.82 (1) Pinos Altos 3.01 86 4.25 (1) Yamana Chapada 0.24 0.34 0.69 (1) El Penon 6.64 280 10.56 (1) Gualca
Slide 14: Production target estimates
Ø GORO’s production target estimates on both a: – C alendarized 12/31 year end basis; and a – Full year basis from the start of production on July 1, 2010 Open Pit La Arista Calendar Year-end Production Target Estimates Full Year Production Target Estimates 90,000 Source: Internal Company estimates.
Slide 15: World class grade and geologic setting
Ø World class grade Ø World class geologic setting Ø Expansion potential of 3 existing El Aguila Project deposits: – El Aguila open pit – La Arista underground vein system – El Aire underground vein system Ø Numerous exploration targets include: – Cerro Colorado, La Escondita, Salina Blanca, Paredon
Slide 16: The El Rey Property
The El Rey Property Ø Discovered potentially high-grade gold vein system; evaluating development of underground mine Ø Mineralization within 100 meters of the surface Ø Vein drill intercepts include (5 holes) (1) : – 1 m of 132.5 g/t Au – 1.4 m of 55.3 g/t Au – 9 m of 19.4 g/t Au including – 1 m of
Slide 17: Las Margaritas, Solaga and Alta Gracia Properties
The Las Margaritas Property Ø Potential high-grade silver, gold property Ø 100% interest Ø 925 hectares; adjacent to the El Aguila property Ø Possible extension of El Aguila system The Solaga Property Ø Potential high-grade silver property Ø 100% interest Ø 618 hectares; 120 kilometers from El Aguil
Slide 18: Sustainable Development
Plant Nursery/Reforestation Town Infrastructure Commitment to Hire Locally Health Clinic Dental Clinic Sustainable Development Student Scholarships
Slide 19: El Aguila Mine Camp
El Aguila —- Mine Camp — Green construction saved over 2 million plastic bottles a : u ‘a@ = from the landfill as recycled plastic “block walls ee
Slide 20: Special dividends declared
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 $0.06 August 31 September 17 $0.03 Special dividends should not be considere
Slide 21: Peer dividend yield comparison
Company CYE 12/31/2009 Annual Dividend Yield Share Price as of 9/7/2010 Agnico Eagle C$0.18 0.3% C$69.08 Barrick U.S.$0.40 0.9% U.S.$45.75 Goldcorp U.S.$0.18 0.4% U.S.$42.28 Kinross U.S.$0.09 0.5% U.S.$17.14 Newmont U.S.$0.40 0.6% U.S.$62.07 Yamana U.S.$0.04 0.4% U.S.$10.43 Royal Gold U.S.$0.32 (1)
Slide 22: Capitalize on Growth and Diversification Opportunities
Capitalize on Growth and Diversification Opportunities Accelerate Development of Oaxaca Mining Unit Accelerate Exploration of 5 Potential High-Grade Properties
Slide 23: World Class Asset Base with Significant Exploration Potential
World Class Asset Base with Significant Exploration Potential Producing, Growth-Focused Gold Company Emerging Low-Cost Precious Metals Producer Third Party Validation Strong, Experienced Management Team
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