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Resource World - Aug-Sept. 2014 - Vol 12 Iss 5

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A U G U S T / S E P T E M B E R 2 0 1 4 www.resourceworld.com 19 Monthly Dividends: Gold, Silver or Cash WWW.GOLDRESOURCECORP.COM Gold Resource Corporation NYSE MKT: GORO a 7.0-metre section grading 2,010 g/t silver (65 oz/ton). The Silver Eagle target is one of eight prospects defined at Rodadero North along a 10-km northwest-southeast trend. Garibaldi also holds three other projects in Mexico: La Patilla, Iris and Tonichi. Geologix Explorations Inc. [GIX- TSX; GF6-FSE; GIXEF-OTC] is focused on its flagship project, the 100%-owned Tepal copper-gold porphyry project in Michoacán State. The company recently completed a Preliminary Feasibility Study at Tepal, and is currently working to move the project towards a Bankable Feasibility Study and production. GoGold Resources Inc. [GGD-TSX] has had a significant increase in gold ounces from its updated NI 43-101 resource estimate recently completed on its 100%- owned Santa Gertrudis gold mine, Sonora. Indicated resources are 16.4 million tonnes grading 1.16 g/t gold for 609,600 oz gold. Inferred resources are 4.5 million tonnes grading 0.97 g/t gold for a total of 141,400 oz gold. GoGold recently made its first gold pour at its Paral tailings project in Chihuahua. Goldcorp Inc. [G-TSX; GG-NYSE] owns and operates the Peñasquito open pit mine in Zacatecas, Mexico's largest open pit mine. Full-year 2014 gold production is expected to be between 530,000 and 560,000 oz. Production of silver is expected to total 22 to 25 million oz; zinc production is expected to total 315 to 325 million lbs and lead production is expected to total 135 to 145 million lbs. Gold Resource Corp. [GORO-NYSE MKT] has six gold and silver projects in Oaxaca, including the Arista Mine, part of the El Aguila Project. The Arista Mine is a high-grade, polymetallic, producer. Recovered metals include gold, silver, cop- per, lead and zinc. Ore is trucked 2 km to the Aguila mill where it is processed into three concentrates: copper/gold, lead/sil- ver and zinc. For Q1 2014, a total of 23,734 oz gold equivalent was produced. The company is exploring its exploration-stage holdings. Golden Goliath Resources Ltd. [GNG- TSXV] controls the majority of an entire mining district in Chihuahua with produc- tion dating back to 1700s and 1800s. All but one property is 100%-owned. Golden Minerals Company [AUM- TSX; AUMN-NYSE] plans to restart mining in July, at its Velardena properties in Durango. Once mining and processing are ramped up to approximately 285 tpd of sulphide ore in mid-2015, the com- pany expects output of approximately 1 million to 1.2 million silver equivalent oz/year (including silver and gold but excluding lead and zinc), with cash costs between $12 and $15 per silver ounce net of byproduct credits. Great Panther Silver Ltd. [GPR- TSX; GPL-NYSE MKT] owns and operates two producing mines: the silver- gold Guanajuato mine complex in central Mexico and the silver-lead-zinc Topia Mine in Durango. At Topia, measured and indicated resources total 198.0 kilotonnes at 844 g/t silver, 1.71 g/t gold, 6.16% lead

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