Gold Resource (GORO) Reports Q3 Production of 17.2K Ounces

Gold Resource Corporation (AMEX: GORO) reports preliminary production results for the third quarter ended September 30, 2014 of approximately 17,200 ounces precious metal gold equivalent (AuEq). Gold Resource Corporation is a gold and silver producer with operations in southern Mexico. The Company has returned over $100 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

The Company's third quarter production of approximately 17,200 ounces precious metal gold equivalent (actual 64:1 silver-to-gold ratio) brings the Company's annual production total to approximately 65,100 ounces AuEq. The Company maintains its 2014 Annual Outlook at 85,000-100,000 ounces AuEq (63:1 silver-to-gold ratio) as budgeted.

"We faced several challenges during the third quarter," stated Gold Resource Corporation CEO and President, Mr. Jason Reid. "Slower than expected mine development resulted in fewer tonnes delivered to the Aguila Mill during the quarter. These production issues revealed some needed managerial changes at the Arista mine, which are currently underway. Production levels were approximately 28% lower in the quarter compared to the first half quarterly average. We are pleased to still be within striking distance of the lower end of our annual production goal given the challenges we encountered and are working hard to return to previous production levels."

Full financial results for the third quarter will be available at the time the Company files its quarterly report on Form 10-Q with the Securities and Exchange Commission.

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