TIDMHOC 
 
RNS Number : 3405E 
Hochschild Mining PLC 
18 December 2009 
 

________________________________________________________________________ 
 
 
18 December 2009 
 
 
 
 
Hochschild increases stake in Gold Resource Corporation 
 
 
  *  Hochschild enters into $16 million private placement with GRC 
  *  Purchase of 1.95 million GRC shares at $8.2 per share 
  *  Hochschild's ownership to increase from 23.9% to 27% 
  *  Transaction demonstrates continued delivery of M&A strategy following 
  Hochschild's successful capital raising in early October 2009 
 
 
 
Hochschild Mining plc ("Hochschild") is pleased to announce that it has entered 
into a private placement with Gold Resource Corporation ("GRC") for a total cash 
consideration of $16 million. On completion of the purchase, which will be 
funded from existing cash, Hochschild will have a 27% interest in GRC. 
 
 
Since December 2008, Hochschild has invested a total of $54 million in GRC, a US 
OTC traded underground precious metals mining company with a number of prime 
development projects in southern Mexico. GRC has a current market capitalisation 
of approximately $470 million. 
 
 
Today's announcement demonstrates Hochschild's commitment and ability to deliver 
on its strategy following the $260 million capital raising undertaken in October 
2009, which strengthened the Company's balance sheet and provided funds for 
further acquisition opportunities. 
 
 
This additional investment increases Hochschild's exposure to GRC's high grade, 
low cost ounces in a mining friendly country with significant mineral potential, 
and expands the Group's Southern Mexico operational cluster following 
Hochschild's previous investments in GRC. 
 
 
GRC will use $8 million of the proceeds to fund development of the El 
Aguila project including working capital for GRC's recently commissioned Aguila 
mill which is expected to produce 70 thousand ounces of gold in 2010 (4.2 
million silver equivalent ounces). The deposit comprises 75% gold and silver and 
25% zinc, copper and lead at current prices. In addition, $8 million will be 
used to accelerate the underground mine development of Arista, GRC's Au-Ag 
polymetalic deposit which is one of three high grade deposits discovered to date 
at the El Aguila project. 
 
 
Miguel Aramburú, Chief Executive Officer of Hochschild Mining plc, commented: 
 
 
"This transaction demonstrates the continued delivery of our M&A strategy 
following our $260 million capital raising in early October. Our investment will 
enable GRC to further develop El Aguila which we believe has enormous potential 
and also to accelerate underground mine development at Arista." 
 
 
Gold Resource Corporation's president, William W. Reid stated, "We are pleased 
to have the continued support and financial assistance of Hochschild Mining as 
we make the transition from an explorer to producer. Hochschild continues to 
assist us in many ways, in addition to financial support, which has been much 
appreciated." 
 
 
As at 30 September 2009, GRC's total assets were $12,712,964million. For the 12 
months ended 31 December 2008, GRC reported a net loss for the period of 
$26,015,203 million.* 
 
 
For further details about GRC and for information about key individuals 
important to the business, please visit www.goldresourcecorp.com. 
 
 
*Extracted from Gold Resource Corporation's 2008 Annual report and 2009 
unaudited Third Quarter Report. 
 
 
 
 
Enquiries: 
Hochschild Mining plc +44 (0)20 7907 2932 
 
 
Finsbury 
Robin Walker +44 (0)20 7251 3801 
Public Relations 
 
 
About Hochschild Mining plc: 
Hochschild Mining plc is a leading precious metals company listed on the London 
Stock Exchange (HOCM.L for Reuters / HOC LN for Bloomberg) with a primary focus 
on the exploration, mining, processing and sale of silver and gold. Hochschild 
currently operates four underground epithermal vein mines, three located in 
southern Peru, one in southern Argentina and one open pit mine in northern 
Mexico and numerous long-term prospects throughout the Americas. Hochschild has 
over forty years experience in the mining of precious metal epithermal vein 
deposits. For further information please visit www.hochschildmining.com. 
 
 
About GRC: 
Gold Resource Corporation is a mining company focused on production and pursuing 
development of gold and silver projects that feature low operating costs and 
produce high returns on capital. The Company has 100% interest in five potential 
high-grade gold and silver properties in Mexico's southern state of Oaxaca. The 
company has  48,050,284 shares outstanding and no warrants. For more 
information, please visit GRC's website, located at www.Goldresourcecorp.com and 
read the Company's 10-K for an understanding of the risk factors involved. 
 
 
Forward looking statements: 
 
 
The statement in this press release relating to the advancement and development 
of Gold Resource Corporation's El Aguila project is a forward looking statement 
within the meaning of securities legislation. The statement is based on the 
public disclosures of Gold Resource Corporation, and is subject to the 
statements by Gold Resource Corporation about such forward looking statements 
and the assumptions and risks associated with it. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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