Gold Resource Corporation Declares July Monthly Dividend

Rhea-AI Summary

Gold Resource Corporation (GORO) has declared a monthly dividend of one-third of a cent per common share for July 2020, payable on August 24, 2020, to shareholders of record as of August 11, 2020. Since July 2010, the company has returned $114 million to shareholders through monthly dividends. Shareholders can convert cash dividends into physical gold and silver. However, dividends may vary or be discontinued based on factors such as operational cash flows and market conditions.

Positive

• Declared monthly dividend of $0.0033 per share, payable August 24, 2020.
• Returned $114 million to shareholders since July 2010.
• Offers dividend conversion option to physical gold and silver.

Negative

• Dividends may vary or be discontinued based on operational cash flows.
• Impacts of COVID-19 could affect production rates and operational stability.

COLORADO SPRINGS, CO, July 27, 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 July 2020 payable on August 24, 2020 to shareholders of record as of August 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 returned $114 million back 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, 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 GORO dividend amount for July 2020?

Gold Resource Corporation has declared a dividend of one-third of a cent ($0.0033) per common share for July 2020.

When will the GORO dividend be paid?

The dividend will be payable on August 24, 2020, to shareholders of record as of August 11, 2020.

How much has GORO returned to shareholders in dividends?

Gold Resource Corporation has returned $114 million to shareholders in dividends since July 2010.

Can shareholders convert GORO dividends into physical gold or silver?

Yes, shareholders have the option to convert their cash dividends into physical gold and silver.

What factors could affect GORO's dividends?

Dividends may vary or be discontinued based on operational cash flows, market conditions, and strategic decisions by the Board.