Gold Resource Corporation Declares Quarterly Dividend

Rhea-AI Summary

Gold Resource Corporation (AMEX: GORO) announced a quarterly dividend of $0.01 per common share for Q1 2022, payable on March 31, 2022, to shareholders on record as of March 15, 2022. The company noted that dividend amounts may vary and be adjusted at the Board's discretion based on factors like operational cash flows and market conditions. Additionally, Gold Resource operates primarily at the Don David Gold Mine in Oaxaca, Mexico, and plans to develop the Back Forty Project in Michigan following its acquisition of Aquila Resources Inc.

Positive

• Quarterly dividend declared at $0.01 per share, attractive for income-focused investors.
• Acquisition of Aquila Resources Inc. enhances growth potential through development of the Back Forty Project.

Negative

• Dividend amounts may vary or be discontinued based on cash flow and market conditions.

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 first quarter of 2022 payable on March 31, 2022, to shareholders of record as of March 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 a new board and senior leadership, the company’s focus has been to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine and now that our acquisition of Aquila Resources Inc. is closed, 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/20220224005691/en/

Kim Perry

Chief Financial Officer

Kim.Perry@GRC-USA.com

www.goldresourcecorp.com

Source: Gold Resource Corporation

FAQ

What is the dividend amount for Gold Resource Corporation in 2022?

Gold Resource Corporation declared a dividend of $0.01 per common share for Q1 2022.

When is the dividend payment date for GORO?

The dividend is payable on March 31, 2022, to shareholders of record as of March 15, 2022.

What factors could affect the dividend payments for Gold Resource Corporation?

Dividends may vary or be discontinued depending on operational cash flows, company development needs, and market conditions.

What is the focus of Gold Resource Corporation's operations?

Gold Resource Corporation operates primarily at the Don David Gold Mine in Oaxaca, Mexico, and is developing the Back Forty Project in Michigan.