Gold Resource Corporation Declares Quarterly Dividend

Rhea-AI Summary

Gold Resource Corporation (GORO) has declared a quarterly dividend of $0.01 per common share for Q3 2022, payable on September 30, 2022, to shareholders of record as of September 15, 2022. The board maintains discretion over dividends, which may vary or be discontinued based on factors such as operational cash flow and market conditions. GORO operates the Don David Gold Mine in Oaxaca, Mexico, and is focused on enhancing its infrastructure and developing the Back Forty Project in Michigan.

Positive

• Quarterly dividend of $0.01 demonstrates commitment to returning value to shareholders.
• Focus on enhancing existing operations and developing new projects could signal long-term growth potential.

Negative

• Dividends may vary or be discontinued, indicating uncertainty in consistent shareholder returns.
• Operational cash flow and market conditions may impact future profitability.

DENVER--(BUSINESS WIRE)-- Gold Resource Corporation (NYSE American: GORO) (the “Company”) declared its quarterly dividend of one cent ($0.01) per common share for the third quarter of 2022 payable on September 30, 2022, to shareholders of record as of September 15, 2022.

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 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 its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of an experienced board and senior leadership team, the company’s focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico and to develop the Back Forty Project in Michigan, USA. For more information, please visit GRC’s website, located at www.goldresourcecorp.com and read the company’s Form 10-K for an understanding of the risk factors associated with its business.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220728005803/en/

Kim Perry

Chief Financial Officer

Kim.Perry@GRC-USA.com

www.goldresourcecorp.com

Source: Gold Resource Corporation

FAQ

What is the dividend amount declared by Gold Resource Corporation for Q3 2022?

Gold Resource Corporation has declared a dividend of $0.01 per common share for Q3 2022.

When will the dividend be paid to shareholders of GORO?

The dividend will be payable on September 30, 2022, to shareholders of record as of September 15, 2022.

Can the dividend amount change in the future for Gold Resource Corporation?

Yes, the dividend may vary or be discontinued at the Board's discretion based on operational cash flows and market conditions.

What is the significance of Gold Resource Corporation's focus on its existing operations and new projects?

The focus on enhancing operations and developing new projects like the Back Forty Project suggests potential for long-term growth and stability.