COLORADO SPRINGS – November 7, 2013 – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) reported its production results for the third quarter ended September 30, 2013 of 21,244 ounces precious metal gold equivalent (“AuEq”, calculated at actual sales price ratio of 65:1).  Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico.  The Company has returned over $90 million to shareholders in monthly dividends since production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

2013 Q3 HIGHLIGHTS

•             21,244 ounces mill production, precious metal gold equivalent (AuEq)

•             19,033 precious metal AuEq ounces sold

•             $12.8 million Cash Flow from Mine Site Operations

•             On track for year-end 2013 production target

•             Dividend distributions of $4.8 million, or $0.09 per share for quarter

•             Mill expansion on schedule for year-end delivery

Overview of Q3 2013 Results from El Aguila Project

Gold Resource Corporation’s El Aguila Project produced 21,244 ounces of precious metal gold equivalent (AuEq) at a total cash cost of $756 per AuEq ounce and realized average prices of $1,240 per ounce gold and $19 per ounce silver for its sales during the third quarter.  Gold and silver prices decreased 29.9% and 40.6%, respectively, from the third quarter of 2012.  Cash Flow from Mine Site Operations totaled $12.8 million.  The Company paid $4.8 million to shareholders in dividends.  Mill expansion is expected to be delivered by year-end.

“Three quarters of the way through the 2013 production year, the Company remains on track with its annual production goal, targeting a range of 80,000 to 100,000 precious metal gold equivalent ounces,” stated Gold Resource Corporation’s CEO and President, Mr. Jason Reid.  “Our project team continues to deliver on target results even in the midst of ongoing mill expansion construction and an increasing silver-to-gold ratio.  We announced earlier this week the commissioning of the flotation circuit’s second ball mill, the commissioning of our new 10 megawatt diesel generated power plant, and we are excited to wrap up construction activities these next several weeks with the commissioning of the new flotation cells.” 

Mr. Reid continued, “Expectations for early 2014 include an increased cash position as mill expansion capital expenditures come to an end, increased daily tonnage through the expanded El Aguila mill and increased production with lower per tonne production costs.”

CONFERENCE CALL DETAILS

Gold Resource Corporation’s CEO Mr. Jason Reid will host a 45 minute conference call Friday, November 8, 2013 at 1:00 p.m. EDT.  Topics of discussion will include third quarter results and an update on current operations.  The conference call will be recorded and posted to the Company’s website in three to five business days from recording.

Q&A

Following Mr. Reid’s opening remarks the Company will answer questions during a live Q&A period. 

Date:  Friday, November 8, 2013

Time:   1:00 PM EDT (11:00 AM Mountain)

Attendee Access Information:

               Title:  Gold Resource Corporation Q3 Conference Call

               Host Name:  Jason Reid

               Company Name:  Gold Resource Corporation

US/CAN Toll Free:            800-311-0799

International Toll:            719-325-2141

Passcode:  168078