U.S. Markets closed

Gold Resource reports 2012 production 90,432 ounces AuEq, Provides 2013 outlook

Gold Resource announced record annual mill production of 90,432 precious metal gold equivalent (AuEq) ounces for 2012 and confirms its 2013 Outlook. The company's 2013 production target is between 80,000 to 100,000 ounces AuEq. The target range was estimated based on the company's 2013 mine plan, the area of the deposit scheduled to be mined during the upcoming year and the planned mill expansion goals with associated down time for construction. The company is targeting to be in the lowest quartile of total cash cost per ounce ranging from $300 to $500 per ounce AuEq in 2013. Cost cutting measures and production increases are being targeted to lower costs.