Gold Resource Corporation · AMEX:GORO
Gold Resource — Merger or Acquisition (March 2026)
15 slides from Gold Resource's merger presentation, Mar 12, 2026
Slide 1: A Rapidly Growing Gold & Silver Producer in Mexico
A Rapidly Growing Gold & Silver Producer in Mexico FEBRUARY 2026 TSXV GGA OTCQX GGAZF FSE 55G0 GOLDGROUPMINING.COM
Slide 2: Important Notices And Disclaimer
Disclaimer Important Notices And Disclaimer Goldgroup Mining Inc. Certain information contained in this presentation, including any information relating to future financial or operating performance, may be considered “forward-looking information” (within the meaning of applicable Canadian securities
Slide 3: NI 43-101 Information Cautionary Notes and Technical Disclosure
NI 43-101 Information Cautionary Notes and Technical Disclosure Technical aspects of this presentation as they relate to Goldgroup Mining Inc. have been reviewed and approved Craig Gibson, PhD, CPG, an independent qualified person under NI 43-101. Cerro Prieto – Mineral Resource Estimates (MRE) for
Slide 4: Further disclosure required by regulators under NI 43-101
Further disclosure required by regulators under NI 43-101 pertaining to next slide page 5 of presentation disclosing published resources. Don David – Mineral Resource estimates presented on next page were prepared under SK 1300 which is not identical to NI 43-101. The tables below are the tonnage an
Slide 5: Building a Portfolio of Producing Gold and Silver Assets to Fast-track Growth
Cerro Prieto San Francisco Sonora Sonora 100% Interest Permitted Open Pit 100% Interest Permitted Open Pit Producing 3+ Mine Life Former Producer Re-Start Late 2026 7+ Mine Life Building a Portfolio of Producing Gold and Silver Assets to Fast-track Growth • A smaller, low-cost gold mine. A steady, f
Slide 6: Potential acquisition via merger of producing underground mine (subject to all requisite shareholder &
Potential acquisition via merger of producing underground mine (subject to all requisite shareholder & regulatory approvals). Development and exploration upside. Optimization program nearing completion, improving production with Q4 2025 contributing 45% of total 2025 production. Potential for 4X Q4
Slide 7: Successful Merger Provides Attractive Valuation
Goldgroup | Gold Resource Corp 300 280 240 208 193 140 134 118 110 104 74 71 60 60 55 55 53 45 40 37 23 West African Aura Minerals Orezone K92 Mining Wesdome Galiano Bellevue McEwen Andean Pro Forma (incl. San Francisco) Caledonia Integra Contango Pro Forma Serabi Serabi Heliostar Robex Jaguar GORO
Slide 8: Share Structure
as of February 2026 Share Structure Shares Outstanding 295,856,065 Fully Diluted 359,496,506 Warrants (all in the money) 58,877,941 ($40,161,558) Options 4,762,500 ($190,500) Market Cap $464 million Cash Position Feb 26, 2026 US$20 million Major Shareholders Eric Sprott (10%) Calu Opportunity Fund (
Slide 9: Management & Directors
Goldgroup | 9 Management & Directors Ralph Shearing CEO Anthony Balic CFO & Director Professional Geologist (APEGA) with extensive experience in exploration and mining. Since 1987, he has held senior executive roles, primarily as CEO/President of junior mining companies, including Luca Mining Corp.,
Slide 10: Cerro Prieto Open Pit Gold Mine
• Producing asset since 2014 • Recently completed expansion now providing infrastructure to increase gold production • Planning to reprocess and re-leach ~11 million tonnes leach pad material to increase gold production • A steady, foundational asset which has never been exploited or explored to its
Slide 11: San Francisco Open Pit Gold Mine
• Development asset • Near term production - re-start targeting late 2026 • Resource upside, multiple exploration targets • Large-scale project with upside potential • Two pits were in operation. Large volume disseminated gold deposits • Historic 2021 Gold Production - 48,871 Oz AU1 from last full y
Slide 12: Don David Underground Gold Mine
• Producing asset to be acquired through proposed merger with Gold Resources (subject to all requisite regulatory and shareholder approvals) • Significant precious metals deposit with associated base metals • Material silver content • Structurally controlled low to intermediate sulphidation epitherm
Slide 13: Back Forty Open Pit/UG Development
• Gold rich VMS system • The mine plan contemplates a combined open pit and underground mining operation at an average 2,600 tpd. Open pit mining would take place the first several years followed by underground production • Conduct Feasibility and with positive feasibility, permit for construction o
Slide 14: What we are building
14 What we are building Continued aggressive strong growth track with M&A, optimization, development and exploration upside. A highly experienced and respected team in Mexico. We are uniquely qualified to recognize and act on opportunities in Mexico. A portfolio of top class producing assets generat
Slide 15: Thank you
Thank you HEAD OFFICE Suite 410, 1111 Melville Street Vancouver, BC V6E 3V6 Canada Telephone +1 (604) 306-6867 Email info@goldgroupmining.com INVESTOR RELATIONS TSZ.V GGA OTC GGAZF FSE: 55G0 GOLDGROUPMINING.COM