GOLD RESOURCE CORPORATION ANNOUNCES INTENT TO CREATE TWO INDEPENDENT, STRATEGICALLY-FOCUSED COMPANIES WITH NEVADA MINING UNIT SPIN-OFF TO SHAREHOLDERS

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Colorado Springs – October 5, 2020 – Gold Resource Corporation (NYSE American: GORO), a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA, today announced its intent to spin-off its Nevada Mining Unit to shareholders as a separate, publicly-traded company (“Spinco”).

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