FOR IMMEDIATE RELEASE NEWS
September 14, 2009 OTCBB: GORO
FRANKFURT: GIH
UPDATE LETTER TO SHAREHOLDERS
DENVER – September 14, 2009
– Gold Resource Corporation (GRC) (OTCBB: GORO,
FRANKFURT: GIH) updates shareholders on its 3
rd
anniversary as a public company.
GRC targets production at its El Aguila Project, in the southern state of Oaxaca, Mexico,
in 2009.
September 14
th marks the 3rd
anniversary of Gold Resource Corporation as a public
company and a look back at its accomplishments is in order. Our IPO was completed at
$1.00 per share so we are pleased to see the stock trading currently around $7.00 per
share. We believe this creation of shareholder value is just the beginning and reflects
our specific approach to the mining business and Gold Resource Corporation’s focus on
executing its business plan.
We have not wavered from our core values underlying our strategy to maximize
shareholder value:
Decisions based on financial performance
Projects must have a capital payback of 1 year or less
Production at the earliest possible date
Build the company with cash flow
Limit shareholder dilution
Distribute a meaningful dividend if possible
