Slide 1: Full Year 2022 Conference Call
Full Year 2022 Conference Call March 3, 2023 8:00 A.M. M.T. Allen Palmiere, President & Chief Executive Officer Alberto Reyes, Chief Operating Officer Kim Perry, Chief Financial Officer
Slide 2: Cautionary Notes
Cautionary Notes Cautionary Note Regarding Forward-Looking Statements Except for statements of historical fact relating to us, certain statements contained in this presentation constitute forward-looking information, future oriented financial information, or financial outlooks (collectively “forward
Slide 3: Headlines
Headlines • Exceeds 2022 Production Guidance1 • Suspension of Dividend2 • 2023 Guidance2 • Q4 2022 Exploration Results3 • Significantly Replaced Resources & Reserves4 • Inaugural ESG Report See End Notes on Page 14
Slide 4: DDGM Exploration Program
DDGM Exploration Program • Encouraging Q4 2022 drill results3 • Three Sisters • Marena • South Soledad & Sagrario • Confirmed 2023 Exploration Program • Drift Development in 2022 • Drill Stations Available See End Notes on Page 14
Slide 5: Commitment to Exploration
Commitment to Exploration Infill Drilling & Exploration Spend $12 $10 $8 $6 $M $4 $2 $0 2016 2017 2018 2019 2020 2021 2022 2023E Infill Drilling Exploration Development Surface Drilling Underground Drilling Total All financial measures are unaudited. Audited financial statements will be presented in
Slide 6: Update to DDGM Mineral Resources
Update to DDGM Mineral Resources4 (exclusive of Mineral Reserves) Tonnes Grades Metallurgical Recovery (%) Class Amount Au Ag Cu Pb Zn Cut off Grade Au Ag Cu Pb Zn g/t g/t % % % Arista Mine $/tonne Measured 259,000 1.70 153 0.38 1.36 3.95 80 81.6% 90.8% 71.2% 70.4% 84.2% Indicated 1,240,000 1.19 121
Slide 7: Update to DDGM Mineral Reserves
Update to DDGM Mineral Reserves4 Tonnes Grades Metallurgical Recovery (%) Class Amount Au Ag Cu Pb Zn Cut off Grade Au Ag Cu Pb Zn g/t g/t % % % Arista Mine $/tonne Proven 236,800 2.34 146 0.4 1.6 4.1 80 81.6% 90.8% 71.2% 70.4% 84.2% Probable 1,120,300 0.92 83 0.2 0.8 2.8 80 81.6% 90.8% 71.2% 70.4%
Slide 8: Full Year 2022 Operational Results
Full Year 2022 Operational Results Tonnes Processed FY 2022 Total tonnes 493,241 Tonnes per day 1,466 Metal Sold Gold ounces 30,119 Silver ounces (000s) 1,057 Gold equivalent5 ounces 42,757 Copper tonnes 1,348 Lead tonnes 5,391 Zinc tonnes 14,157 See End Notes on Page 14
Slide 9: Full Year 2022 DDGM Capital Investment Summary
Full Year 2022 DDGM Capital Investment Summary Full Year 2022 Sustaining ($000s) Underground Development $6,619 Underground Exploration Development 3,034 Other Sustaining Capital 3,227 Growth Gold Regrind Circuit 745 Filtration Plant & Dry Stack Facility 1,149 Total Capital Investment $14,774 See Sl
Slide 10: Full Year 2022 Financial Results
Full Year 2022 Financial Results Financial Measures (unaudited) Cash balance (at December 31, 2022) $ 23.7 M Cash from operating activities $ 14.2 M For the Year Ended December 31, 2022 Net loss $ (6.3) M Net sales $ 138.7 M Production cost $ 80.9 M Depreciation, Amortization & Reclamation $ 28.0 M
Slide 11: 2023 Guidance
2023 Guidance Measure 2023 Guidance Payable Production 17,000 to 19,000 Gold Ounces (ie Metal Sold) 900,000 to 1,000,000 Silver Ounces 30,000 to 31,000 Gold Equivalent Ounces Cash Cost after Co-product Credits^ per AuEq ounces6 $1,000 to $1,050 All-in Sustaining Cost after Co-Product Credits^ per Au
Slide 12: Back Forty Update
Back Forty Update • $8.8 million invested during 2022 • 2022 feasibility study optimization work: • Mine Design • Mill Design • Site Infrastructure Layout • On-going feasibility study optimization work • Metallurgical testing for improved recoveries • Cost trade off analysis to improve economic mode
Slide 13: Why Gold Resource Corporation?
Why Gold Resource Corporation? • Focused on protecting balance sheet while creating value through highly disciplined growth & capital allocation • Commitment to health & safety, environment and social stewardship • Strong leadership, technical and operational team
Slide 14: Questions
Questions End Notes: 1. Refer to news release “Gold Resource Corporation Announces Preliminary Results of Over 30,000 Gold Ounces Produced and Sold, Exceeding Production Guidance For 2022”, published January 17, 2023 on website, www.goldresourcecorp.com and filed as Exhibit 99.1 on Form 8-K with SEC