Gold Resource Corporation Declares Quarterly Dividend

Rhea-AI Summary

Gold Resource Corporation (GORO) announced a quarterly dividend of $0.01 per common share for Q4 2021, payable on December 29, 2021. Shareholders of record as of December 15, 2021 will receive this dividend. The Company noted that dividends may vary and could be discontinued based on factors such as operational cash flows and market conditions. Gold Resource Corporation operates primarily in gold and silver production, with significant activities at the Don David Gold Mine in Oaxaca, Mexico, and plans to develop the Back Forty Project in Michigan.

Positive

• Quarterly dividend declared at $0.01 per share, demonstrating commitment to returning value to shareholders.
• Ongoing acquisition of Aquila Resources Inc. may enhance growth potential.
• Focus on unlocking upside potential in existing infrastructure.

Negative

• Dividends may vary or be discontinued, indicating potential uncertainty in cash flows.
• Dependence on volatile gold and silver prices could impact revenue stability.

DENVER, CO / ACCESSWIRE / October 28, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company") declared its quarterly dividend of one cent ($0.01) per common share for the fourth quarter of 2021 payable on December 29, 2021, to shareholders of record as of December 15, 2021.

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 a new board and senior leadership, the Company focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine, to close our acquisition of Aquila Resources Inc., 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 10-K for an understanding of the risk factors involved.

Contacts:

Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.goldresourcecorp.com

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
https://www.accesswire.com/670232/Gold-Resource-Corporation-Declares-Quarterly-Dividend

FAQ

What is the dividend amount for GORO in Q4 2021?

The dividend amount is $0.01 per common share.

When is the GORO dividend payable date?

The dividend is payable on December 29, 2021.

What is the record date for the GORO dividend?

The record date for the dividend is December 15, 2021.

Are dividends from GORO guaranteed?

No, dividends may vary in amount and consistency or be discontinued at the Board's discretion.

What factors influence GORO's dividend decisions?

Factors include operational cash flows, company development needs, market conditions, and commodity prices.