Attached files
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| 8-K - FORM 8-K - GOLD RESOURCE CORP | grc_8k.htm |
Exhibit 99.1
Nov. 4, 2010 ANNUAL MEETING
Positioned for Aggressive Growth
This brochure contains statements that plan for or anticipate the future.
Forward-looking statements include statements about the Company's ability
to develop and produce gold or other precious metals, statements about our
future business plans and strategies, statements about future revenue and
the receipt of working capital, and most other statements that are not
historical in nature. Forward-looking statements are often identified by
words such as "anticipate," "plan," "believe," "expect," "estimate," and the
like. Because forward-looking statements involve future risks and
uncertainties, there are factors that could cause actual results to differ
materially from those expressed or implied, including those described in our
filings with the SEC. Prospective investors are urged not to put undue
reliance on these forward-looking statements.
Forward-looking statements include statements about the Company's ability
to develop and produce gold or other precious metals, statements about our
future business plans and strategies, statements about future revenue and
the receipt of working capital, and most other statements that are not
historical in nature. Forward-looking statements are often identified by
words such as "anticipate," "plan," "believe," "expect," "estimate," and the
like. Because forward-looking statements involve future risks and
uncertainties, there are factors that could cause actual results to differ
materially from those expressed or implied, including those described in our
filings with the SEC. Prospective investors are urged not to put undue
reliance on these forward-looking statements.
This presentation is to be read in conjunction with the most current 10K
available at the Securities & Exchange Commission website www.sec.gov. or
www.Goldresourcecorp.com
available at the Securities & Exchange Commission website www.sec.gov. or
www.Goldresourcecorp.com
Forward Looking Statements
High-Grade Asset Base with Significant Exploration Potential
Gold Producer Focused on Growth
Low Cost Production
Focused on Cash Flow and Dividends
Engineered To Maximize Shareholder Value
Gold and Silver Producer
Gold and Silver Producer
Internal Estimate, Not SEC Proven & Probable Reserves; see Risk Factors in Company’s 10K
ØMineralized Material(1):
Company estimate of 330,000
tonnes @
Company estimate of 330,000
tonnes @
Au 7.5 grams / tonne
Ag 63 grams / tonne
ØOpen Pit viewed as cash
flow generator to finance La
Arista underground
development
flow generator to finance La
Arista underground
development
Gold and Silver Producer
Ore Body
Potential Feeder Vein
100% waste rock needed to build tailings dam
98% ore mined; stockpiled awaiting processing
Gold and Silver Producer
Miguel C. Mill Superintendent
Gold and Silver Producer
Gold and Silver Producer
9/14/2006: Begins trading on
OTCBB after completing IPO
in August 2006
OTCBB after completing IPO
in August 2006
2/4/2008: Begins construction
on El Aguila Project
on El Aguila Project
6/12/2008: Received federal
permit to build mill for El
Aguila project
permit to build mill for El
Aguila project
12/9/2009: Begins commissioning its El
Aguila mill
Aguila mill
12/14/2009: Granted approval to
develop the Arista mine
develop the Arista mine
2/3/2010: Produces
first concentrates at
El Aguila mill
first concentrates at
El Aguila mill
7/1/2010: Commercial
production begins
production begins
7/8/2010: Applies
for AMEX listing
for AMEX listing
7/29/2010 : Declares
initial special cash
dividend of $0.03
per share
initial special cash
dividend of $0.03
per share
“IPO” Sept. 2006 to Oct. 2010
Delivering Shareholder Value
8/13/2009: Receives
permit to begin open
pit mining at El Aguila
permit to begin open
pit mining at El Aguila
10/30/2010 : Declares
4th special cash
dividend of $0.03 per
share
4th special cash
dividend of $0.03 per
share
Targets
Accelerate Development of Oaxaca Mining Unit
Increase Shareholder Value
Become “Main Stream” for Institutional Investors
Position GORO as “GO TO” Gold Investment
Where We Are Going / Longevity
Accelerate Development of Oaxaca Mining Unit
Open Pit
La Arista
Internal Estimate, Not SEC Proven & Probable Reserves; see Risk Factors in Company’s 10K
Where We Are Going / Longevity
Accelerate Development of Oaxaca Mining Unit
Internal Estimate, Not SEC Proven & Probable Reserves; see Risk Factors in Company’s 10K
December 2009:
Mineralized Material
Polygonal Envelopes
8 years estimated
mine life
mine life
Potential to double
current Arista mine
life estimate
current Arista mine
life estimate
Baja vein 12/09
Arista vein 12/09
Veins remain open on strike and depth
200 m
100 m
100 m to surface
Recent Market Benchmark
ØMineralized Material(1): Company estimate
of 2,962,000 tonnes @
of 2,962,000 tonnes @
Au 6.5 grams / tonne
Ag 506 grams / tonne
Cu 0.60%
Pb 2.24%
Zn 6.75%
ØCurrent Mine Life Estimate(1): 8 years
ØPotential to double
ØTargeting polymetallic stockpiles in Q4
2010 for seamless transition from open pit
ore to underground ore by July 2011
2010 for seamless transition from open pit
ore to underground ore by July 2011
ØTargeted production on July 1, 2011
Projecting up to 200,000 ounces or more of
gold equivalent (gold and silver) annually by
year 3
gold equivalent (gold and silver) annually by
year 3
“Zero” cash cost per ounce expected after
using industry standard base metal byproduct
credits
using industry standard base metal byproduct
credits
ØProcessed at El Aguila mill, 2km
distance from mine
distance from mine
Where We Are Going / Longevity
Arista Vein Deposit
15 grams/t
(1/2oz) AuEq
$0 cost target
w/ byproducts
Ø3 million ounces AuEq = $3 billion
valuation in market place
valuation in market place
ØGORO targets 3 million ounces AuEq
La Arista Deposit
•Multiple en echelon veins
•~500 meters of strike
•~500 meters of depth
•Deposit remains open
Arista Vein
Baja Vein
Primary Decline
Safety/Ventilation
Decline
Decline
Open
Decline Development
Arista Mine
Arista Mine
Carlos T.
Mine Superintendent
Fidel L.
Maintenance Superintendent
Jorge S.
Project Manager
Julian D.
Mine Geologist
Jason R.
President
Arista Mine
INTERCEPTED BAJA VEIN
3 METERS OF 6 METER WIDE VEIN
Arista Mine
INTERCEPTED BAJA VEIN
PORTION OF 6 METER WIDE EPITHERMAL VEIN
Where We Are Going
Accelerate Exploration of 5 Potential High-Grade Properties
Acceleration of current 2 drill rig exploration
program targeting 4-6 drill rigs
program targeting 4-6 drill rigs
ØLarge dominant land position with 5 properties
ØConcessions consolidate 3 historic mining
districts (100% interest)
districts (100% interest)
ØEl Aguila Project; 3 deposits discovered to date
El Aguila Open Pit
Metals: Au, Ag
La Arista Underground
Metals: Au, Ag, Cu, Pb, Zn
El Aire Underground
Metals: Au, Ag, Cu, Pb, Zn
Ø99% of concessions yet to be drilled
ØSignificant exploration potential
El Rey
Solaga
Where We Are Going
Formal Resource Report
NYSE Amex Listing
“Main Stream” for Institutional Investors
Coverage
(GRC targets, performance not guaranteed, see Risk Factors in Company’s 10K)
“Main Stream” traction
www.goldstockanalyst.com
Gold Stock Analyst newsletter for Professional Investors
Reports on 70+ Gold miners plus the GSA-Top10 newsletter
in mid-month
in mid-month
|
GSA-Top 10 Stocks October 2010
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Stock
|
US trading
Symbol |
2010
Production
Forecast
|
Last Full
Report |
Mentions Since
Last Full Report Pro /Top10
|
US$ Target
|
Price
Added
US$
|
|
Gold Resource
|
GORO
|
35k
|
Oct-10
|
Apr / -
|
$36
|
Added @ $18.66
|
John C. Doody
(GSA is property of John C. Doody; GORO has been given express written consent for this mention)
“Main Stream” traction
August 31, 2010
|
Company
|
Annual Dividend
Estimate
|
Yield
%
|
Share Price Open
10/18/2010 |
|
Agnico Eagle
|
C$0.18
|
0.3%
|
C$71.96
|
|
Barrick
|
U.S.$0.48
|
1.0%
|
U.S.$47.54
|
|
Goldcorp
|
U.S.$0.18
|
0.4%
|
U.S.$44.45
|
|
Kinross
|
U.S.$0.10
|
0.5%
|
U.S.$18.83
|
|
Newmont
|
U.S.$0.60
|
1.0%
|
U.S.$61.66
|
|
Yamana
|
U.S.$0.08
|
0.7%
|
U.S.$11.11
|
|
Royal Gold
|
U.S.$0.36
|
0.7%
|
U.S.$48.90
|
|
PEER AVERAGE
|
|
0.7%
|
|
|
Source: Based on each company’s annual public filing and Bloomberg.
|
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Dividend & Yields
“Main Stream” traction
October 1, 2010
GORO is focused on cash flow and dividends.
The Company is estimating:
The Company is estimating:
~1/3 cash flow for taxes
~1/3 cash flow targeted for growth
~1/3 cash flow targeted to be paid back to
shareholders as dividends
shareholders as dividends
GORO’s 2010 DIVIDEND
|
Commercial Production Announced July 1, 2010
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Special
dividend declared |
Paid or payable
to shareholders of record as of |
Special
dividend amount |
Total Special
Dividends Returned to Shareholders in 2010 |
|
July 29
|
August 16
|
$0.03
|
$0.12
|
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Aug. 31
|
September 17
|
$0.03
|
|
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Sept. 30
|
October 15
|
$0.03
|
|
|
Oct. 29
|
November 12
|
$0.03
|
|
|
|
|
|
|
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Special dividends should not be considered a prediction or
guarantee of future dividends. Potential special dividends may vary in amount and consistency or be discontinued at management’s discretion depending on variables including but not limited to operational cash flows, Company development requirements and strategies, spot gold and silver prices, taxation, general market conditions and other factors described in the Company’s public filings. |
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GORO; Unique Gold Investment
(GRC targets, performance not guaranteed, see Risk Factors in Company’s 10K)
Cash Flow
Become the “Go To” Gold Investment
Dividends
“In Kind”
Growth
Treasury %
in Physical
in Physical
Adding Ounces
Capitalize on
Opportunities
Opportunities
Low Cost
Producer
Producer
The “Go To” Gold Company
(GRC targets, performance not guaranteed, see Risk Factors in Company’s 10K)
The “Go To” Gold Company
(GRC targets, performance not guaranteed, see Risk Factors in Company’s 10K)
Dividends “In Kind”
Design Drafts
Gold Resource
Corporation
“Double Eagle”
Corporation
“Double Eagle”
Exchange NYSE Amex: GORO
Present Capitalization
Shares Outstanding 52,998,303
52 wk Range Low/Hi $7.21-$24.75
Substantial Shareholders
Management ~19%
Hochschild Mining plc ~28%
Tocqueville Asset Management ~8%
Tight Capital Structure
Conclusion
Engineered From Day One To Maximize Shareholder Value
Executed And Built $1B MC Company To Date
Positioned for Aggressive Growth