Gold Resource Corporation Declares August Monthly Dividend

Rhea-AI Summary

Gold Resource Corporation (GORO) has declared a monthly dividend of one-third of a cent per share for August 2020, payable on September 23, 2020, to shareholders of record by September 11, 2020. Since July 2010, the Company has returned $114 million to shareholders through consecutive monthly dividends. Additionally, GORO offers a unique program allowing shareholders to convert cash dividends into physical gold and silver. The dividend may vary based on operational cash flows, company strategies, and market conditions.

Positive

• Declared monthly dividend of $0.00333 per share, payable on September 23, 2020.
• Returned $114 million to shareholders since July 2010.
• Shares can be converted into physical gold and silver.

Negative

• Dividends may vary or be discontinued at the Board’s discretion based on several factors.
• Potential uncertainties regarding future production rates due to market conditions and the impact of COVID-19.

COLORADO SPRINGS, CO, Aug. 26, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the “Company”) declares its monthly instituted dividend of one-third of a cent per common share for August 2020 payable on September 23, 2020 to shareholders of record as of September 11, 2020.  Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.  

The Company has returned $114 million to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.  For more information on Gold Resource Corporation’s physical dividend program, visit the Company website at http://www.goldresourcecorp.com/gold-silver-dividends.php.   

Dividends may vary in amount and consistency or be discontinued at the Board of Directors’ discretion depending on variables including but not limited to operational cash flows, Company development requirements and strategies, construction, spot gold and silver prices, taxation, general market conditions and other factors described in the Cautionary Statements below and the Company's public filings with the U.S. Securities and Exchange Commission. 

About GRC: 

Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company targets low capital expenditure projects with potential for generating high returns on capital. The Company has reached milestones including a decade of production, generated over $1 billion in revenue and has returned $114 million back to its shareholders in consecutive monthly dividends since July 2010. In addition, the Company also offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery. 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. 

Cautionary Statements: 

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words “plan”, “target”, "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation’s strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, the scope, duration, and impact of the COVID-19 pandemic on mining operations, Company employees, and supply chains as well as the scope, duration and impact of government action aimed at mitigating the pandemic may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Also, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company’s 10-K filed with the SEC. 

Contacts: 

Corporate Development 

Greg Patterson 

303-320-7708

www.goldresourcecorp.com

FAQ

What is the dividend amount for GORO in August 2020?

The dividend amount for August 2020 is one-third of a cent per share.

When is the GORO dividend payable?

The GORO dividend is payable on September 23, 2020.

What options are available for GORO shareholders regarding dividends?

Shareholders can convert their cash dividends into physical gold and silver.

How much have GORO shareholders received in dividends since 2010?

Shareholders have received $114 million in dividends since July 2010.

Can GORO dividends be discontinued?

Yes, dividends may be discontinued at the Board's discretion depending on various factors.