GORO News & Events

Gold Resource Corporation (GORO) announced updates regarding our upcoming Special Meeting of Shareholders scheduled for July 2, 2026. The definitive proxy statement has been filed with the Securities and Exchange Commission, and mailing has been completed to shareholders of record as of May 26. Following the finalization of the definitive transaction documentation, the Company is moving into the final approval phase of its strategic combination. Under the terms of the Arrangement Agreement and Plan of Merger dated January 25 as amended on May 15, the Company will combine with Goldgroup Mining (GGAZF) via a reverse triangular merger with Goldgroup Merger Sub, a wholly owned subsidiary of Goldgroup. Management believes that the proposed Merger represents a net benefit for the Company's shareholders: Direct Share Exchange: GRC stockholders will receive 1.4476 common shares of Goldgroup for each share of GRC common stock they own. Enhanced Operational Scale: The proposed Merger creates a consolidated precious metals company with stronger asset utilization, expanded exploration potential, and a unified platform built to navigate dynamic mining markets. Continued Upside Exposure: Shareholders will retain significant ongoing equity ownership in the combined enterprise, allowing them to benefit directly from future growth, anticipated cost synergies, and broader market visibility. The Board of Directors of the Company has thoroughly reviewed the proposed Merger and strongly urges GRC's shareholders to vote "FOR" the proposals within the definitive proxy statement.

Gold Resource (GORO) has entered into a definitive arrangement agreement and plan of merger with Goldgroup Mining (GGAZF), whereby Goldgroup has agreed to acquire all of the issued and outstanding shares of the company's common stock. The company's stockholders will receive 1.4476 common shares of Goldgroup for each share of the company's common stock - adjusted to 0.3619 common shares of Goldgroup for each share of the company's common stock as a result of a four-for-one share consolidation to be completed by Goldgroup prior to closing -. The exchange ratio represents a value of $2.25 per share of the company's common stock, reflecting a 39% premium to the company's closing price on January 23. The transaction values the company's common stock at approximately $372M on a fully-diluted in-the-money basis and based on the value of Goldgroup shares on January 23. The proposed transaction will occur by way of a reverse triangular merger in which the company will merge with a wholly owned subsidiary of Goldgroup, with the Company surviving as a wholly owned subsidiary of Goldgroup. Upon completion of the transaction, GRC stockholders are expected to own approximately 40% of the combined company on a fully-diluted in-the-money basis. The transaction is expected to close in Q2 2026, subject to customary closing conditions including approval by the stockholders of the company and Goldgroup and approval by the Mexican National Antitrust Commission. Upon closing, the board of directors of Goldgroup will be comprised of three directors selected by Goldgroup and two directors selected by the company. The parties anticipate that the executive management team of the company will become the officers of the combined company.