Oaxaca Mining Unit Produced 20,743 Gold Ounces

DENVER, CO - Allen Palmiere, President and CEO of Gold Resource Corporation, said "Our Oaxaca Mining Unit delivered solid production results during a demanding 2020 amid the global pandemic. While COVID-19 is expected to remain a challenge in the short to medium term, our team has done an admirable job managing the situation. The Company finished the year with a strong balance sheet, including $25.4 million in cash, which provides us with flexibility as we move to reinvest capital in Mexico to increase the productivity and the life of the operations."

The Company's Oaxaca Mining Unit produced approximately 20,473 gold ounces and 1,189,366 silver ounces during the 2020 production year. Fourth quarter 2020 gold and silver production totaled approximately 6,854 ounces and 276,902 ounces, respectively. Preliminary annual base metal production included approximately 1,593 tonnes of copper, 7,725 tonnes of lead and 19,696 tonnes of zinc. The Company withdrew its 2020 production outlook in April 2020 as a result of the uncertainties around the temporary suspension of Mexican mining operations and the effects of pandemic protocols on operations following restart.