Day: October 17, 2012

Gold Resource Corporation today announced that Mr. Jesus Rivera has been appointed General Manager of the Oaxaca Mining Unit, which is responsible for the Company’s El Aguila Project in Oaxaca, Mexico. Mr. Rivera is replacing Mr. Juan Manuel Flores, who has decided to pursue other interests. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico. The Company has returned over $63 million to shareholders in monthly dividends since declaring commercial production July 1, 2010 and is the first Company offering shareholders the option to convert their cash dividends into physical gold or silver.

Oremex Gold Inc. announces that an interested third party in Mexico is alleging ownership of two concessions totaling 78.9 hectares in the Melchor Ocampo gold mining district, Zacatecas state, Mexico, comprising the Company’s Cerro del Oro (Gold Hill) project. Acquisition of the Cerro del Oro concessions by the Company’s wholly-owned subsidiary, Minera Tres Diamantes, S. de R.L. de C.V., from Minera Mantos, S. de R.L. de C.V., a wholly-owned subsidiary of Oremex Silver, Inc., was previously announced on February 23, 2012. Prior to acquisition by the Company, the Cerro del Oro concessions had been subject to a court process to determine the legal owner of the property. The concessions were acquired by the Company only after it had been advised that the legal ownership matter had been favorably resolved and the final court decision in the process was non-appealable.

Gold Resource Corporation reported its preliminary production results for the third quarter ended September 30, 2012 of approximately 22,300 ounces precious metal gold equivalent (AuEq calculated at a 55:1 price ratio). Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $63 million to shareholders in monthly dividends since declaring commercial production July 1, 2010 and is the first Company offering shareholders the option to convert their cash dividends into physical gold or silver.

Octavio Alvidrez, Chief Executive Officer, said: ‘The Group’s performance over the period demonstrates our commitment to maximise sustainable growth through the continued ramp up of Saucito and the new Noche Buena mine.

AuRico Gold Inc. today announced that it has sold its approximate 11.1% equity interest in Endeavour Silver Corp. consisting of approximately 11 million Endeavour common shares, on an underwritten block trade basis, for gross proceeds of C$95 million (approximately US$97 million). The syndicate was jointly led by CIBC, BMO Capital Markets and Dundee Securities Ltd.