**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM 10-KSB/A**

| **ý**                                                                                                                                                                                                                                          |   | **ANNUAL                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES                EXCHANGE ACT OF 1934** |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                |   |                                                                                                                             |
| **For                the fiscal year ended December 31, 2006**                                                                                                                                                                                 |
|                                                                                                                                                                                                                                                |   |                                                                                                                             |
| **o**                                                                                                                                                                                                                                               |   | **TRANSITION                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT                OF 1934**   |
|                                                                                                                                                                                                                                                |   |                                                                                                                             |
| **For                the transition period from                                            to                            ** |

**Commission      file number 333-129321**

**GOLD      RESOURCE CORPORATION**

| **Colorado**                                                                                |   | **84-1473173**                                                    |
|---------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|
| (State                or other jurisdiction ofincorporation                or organization) |   | (I.R.S.                EmployerIdentification                No.) |
|                                                                                        |   |                                                              |
| **222                Milwaukee Street, Suite 301, Denver, CO**                         |   | **80206**                                                         |
| (Address                of principal executive offices)                                     |   | (Zip                Code)                                         |

**(303)      320-7708**

| **None**                           |   | **N/A**                                                                 |
|------------------------------------|--------|-------------------------------------------------------------------------|
| Title                of each class |   | Name                of each exchange on which                registered |

**.**

**DOCUMENTS      INCORPORATED BY REFERENCE**

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**EXPLANATORY      NOTE**

**ITEM      10.    EXECUTIVE AND DIRECTOR COMPENSATION**

**Summary      Compensation Table**

| **Name and****Principal Position** |   | **Year** |   | **Salary**               |   |  **Stock                Awards** |   | **All****Other****Compensation** |   | **Total**                |
|----------------------------------------------|--------|----------|--------|--------------------------|--------|---------------------------------------|--------|----------------------------------|--------|--------------------------|
| William                W. Reid               |   | 2006     |   | $                240,000 |   | $                —              |   | $—                         |   | $                240,000 |
| Chairman,                C.E.O.              |   | 2005     |   | $                60,000  |   | $                250,000(2)           |   | $                9,600(3)        |   | $                319,600 |
| and                President(1)              |   |     |   |                     |   |                                  |   |                             |   |                     |
|                                         |   |     |   |                     |   |                                  |   |                             |   |                     |
| David                C. Reid,                |   | 2006     |   | $                170,000 |   | $                —              |   | $                —         |   | $                170,000 |
| Vice                President and            |   | 2005     |   | $                42,500  |   | $                125,000(4)           |   | $                9,600(3)        |   | $                177,100 |
| Director(1)                                  |   |     |   |                     |   |                                  |   |                             |   |                     |
|                                         |   |     |   |                     |   |                                  |   |                             |   |                     |

*-          2          -*

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** **

**Director      Compensation Table**

| **Name**                            |   | **Fees                Earned or****Paid                in Cash** |   |   | **Stock****Awards**      |   | **Option****Awards**       |                       | **All****Other****Compensation** |   |   **Total**    |
|-------------------------------------|--------|------------------------------------------------------------------|--------|--------|--------------------------|--------|----------------------------|----------------------------|----------------------------------|--------|--------------------------|
|  Bill                M. Conrad |   |  $                21,000                                    |   |   | $                100,000 |   | $                64,250(1) | $                  — |                             |   | $                185,250 |
|                                |   |                                                             |   |   |                     |   |                       |                       |                             |   |                     |

**Outstanding      Equity Awards at Fiscal Year-End**

|                                                                                |                                                                                  | **Option                Awards** |   |
|-------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|----------------------------------|--------|
| **Name**                                                                            |                                                                                  |                             |   |   |   | **Equity                Incentive Plan Awards: Number of Securities Underlying Unexercised                Unearned Options** |   | **Option                Exercise Price** |   | **Option                Expiration Date** |   |
| **Number                of Securities Underlying Unexercised Options**(Exercisable) | **Number                of Securities Underlying Unexercised Options**(Unexercisable) |
|                                                                                |                                                                                  | **(#)**                     |   | **(#)** |   | **(#)** |   | **($)** |   |   |   |
| William                W. Reid                                                      |                                                                                  | 400,000                          |   | 0 |   | 0 |   | $0.25 |   | 10/9/2013 |   |
| William                W. Reid                                                      |                                                                                  | 400,000                          |   | 0 |   | 0 |   | $0.25 |   | 4/22/2014 |   |
| David                C. Reid                                                        |                                                                                  | 400,000                          |   | 0 |   | 0 |   | $0.25 |   | 10/9/2013 |   |
| David                C. Reid                                                        |                                                                                  | 200,000                          |   | 0 |   | 0 |   | $0.25 |   | 4/22/2014 |   |
|                                                                                |                                                                                  |                             |   |   |   |   |   |   |   |   |   |

*-          3          -*

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**ITEM      13.    EXHIBITS**

|  3.1 | Articles                of Incorporation of the Company as filed with the Colorado Secretary                of                State on August 24, 1998 (incorporated by reference from our registration                statement on Form SB-2 filed on October 28, 2005, Exhibit 3.1, File                No.                333-129321). |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.1 | Articles                of Amendment to the Articles of Incorporation as filed with the Colorado                Secretary of State on September 16, 2005 (incorporated by reference                from                our registration statement on Form SB-2 filed on October 28, 2005,                Exhibit                3.1.1, File No. 333-129321). |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | Bylaws                of the Company dated August 28, 1998 (incorporated by reference from                our                registration statement on Form SB-2 filed on October 28, 2005, Exhibit                3.2, File No. 333-129321). |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | Specimen                stock certificate (incorporated by reference from our amended registration                statement on Form SB-2/A filed on March 27, 2006, Exhibit 4, File                No.                333-129321). |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.1 | Exploitation                and Exploration Agreement between the Company and Jose Perez Reynoso                dated                October 14, 2002 (incorporated by reference from our registration                statement on Form SB-2 filed on October 28, 2005, Exhibit 10.1, File                No.                333-129321). |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.2 | Non-Qualified                Stock Option and Stock Grant Plan (incorporated by reference from                our                registration statement on Form SB-2 filed on October 28, 2005, Exhibit                10.2, File No. 333-129321). |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.3 | Form                of Stock Option Agreement (incorporated by reference from our registration                statement on Form SB-2 filed on October 28, 2005, Exhibit 10.3, File                No.                333-129321). |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.4 | Lease                Agreement dated September 2005 (incorporated by reference from our                registration statement on Form SB-2 filed on October 28, 2005, Exhibit                10.4, File No. 333-129321). |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.5 | Agreement                dated July 28, 2003 between the Company and Canyon Resources Corporation                (incorporated by reference from our registration statement on Form                SB-2                filed on October 28, 2005, Exhibit 10.5, File No. 333-129321). |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.6 | Agreement                dated August 2, 2005 between the Company and Heemskirk Consolidated                Limited (incorporated by reference from our registration statement                on Form                SB-2 filed on October 28, 2005, Exhibit 10.6, File No.                333-129321). |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.7 | Agreement                dated August 15, 2005 by and between the Company and Heemskirk                Consolidated Limited (incorporated by reference from our registration                statement on Form SB-2 filed on October 28, 2005, Exhibit 10.7, File                No.                333-129321). |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.8 | Employment                Agreement between the Company and William W. Reid (incorporated by                reference from our amended registration statement on Form SB-2/A                filed on                March 27, 2006, Exhibit 10.8, File No.                333-129321). |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.9 | Employment                Agreement between the Company and David C. Reid (incorporated by                reference                from our amended registration statement on Form SB-2/A filed on March                27,                2006, Exhibit 10.9, File No.                333-129321). |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.10 | Promissory                Note in favor of David C. Reid (incorporated by reference from our                amended                registration statement on Form SB-2/A filed on May 1, 2006, Exhibit                10.10,                File No. 333-129321). |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*-          4          -*

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| 10.11 | Promissory                Note in favor of William W. Reid (incorporated by reference from                our                amended registration statement on Form SB-2/A filed on May 1, 2006,                Exhibit 10.11, File No. 333-129321). |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.12 | Form                of Subscription Agreement between the Company and investors in the                November 2006 private placement (incorporated by reference from our                report                on Form 8-K dated December 7, 2006, Exhibit 10.1, File No.                333-129321). |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 21 | Subsidiaries                of the Company (incorporated by reference from our amended registration                statement on Form SB-2/A filed on January 20, 2006, Exhibit 21, File                No.                333-129321). |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 31.1   | Certification                pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for William                W.                Reid.                       |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                            |
| 31.2   | Certification                pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Frank                L.                Jennings.                     |
|   |                                                                                                                                                            |
| 32     | Certification                pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for William                W.                Reid and Frank L. Jennings. |

*-          5          -*

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**SIGNATURES**

|               |                                                                                                  |  GOLD                RESOURCE CORPORATION  |
|-----------------------------------|-----------------------------------------------------------------------------------------------------------------|------------------------------------------------------|
|                              |                                                                                                            |                                                 |
|                              | /s/                William W. Reid                                                                              |
| Dated:                May 4, 2007 | By:                William W. Reid, Chairman of the Board, President and Chief Executive                Officer |
|                              |                                                                                                            |                                                 |
|                              |                                                                                                            |                                                 |
|                              | /s/                Frank L. Jennings                                                                            |
| Dated:                May 3, 2007 | By:                Frank L. Jennings, Chief Financial Officer,                                                  |
|                              | Principal                Accounting Officer                                                                     |
|                              |                                                                                                            |                                                 |   |

| /s/                  William W. Reid   |                                     | Chairman                  of the Board, | May                  4, 2007 |
|----------------------------------------|------------------------------------------|-----------------------------------------|------------------------------|
| William                  W. Reid       | President                  and           |                                    |
|                                   | Chief                  Executive Officer |                                    |
|                                   |                                     |                                    |
| /s/                  Frank L. Jennings |                                     | Chief                  Financial        | May                  3, 2007 |
| Frank                  L. Jennings     | Officer                  and Principal   |                                    |
|                                   | Accounting                  Officer      |                                    |
|                                   |                                     |                                    |
| /s/                  Bill M. Conrad    |                                     | Director                                | May                  5, 2007 |
| Bill                  M. Conrad        |                                     |                                    |
|                                   |                                     |                                    |
|                                   |                                     |                                    |
|                                   |                                     |                                    |                         |   |   |   |

*-          6          -*

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