Gold Resource Corporation Declares Quarterly Dividend Resulting in Change to Dividend Policy

Rhea-AI Summary

Gold Resource Corporation (NYSE American: GORO) announced a shift from monthly to quarterly dividend payments. The first $0.01 quarterly dividend is scheduled for June 30, 2021, to shareholders on record as of June 15, 2021. This change aims to enhance corporate governance and may affect dividend amounts based on operational cash flows and market conditions. The company, which operates in Oaxaca, Mexico, seeks to maximize its resource potential under new leadership. For comprehensive risk factors, refer to the Company’s 10-K filing.

Positive

• The transition to quarterly dividends may improve cash flow management.
• Shareholders will receive a dividend of $0.01 on June 30, 2021.

Negative

• Potential fluctuations in dividends depending on operational cash flows and market conditions.

DENVER, CO / ACCESSWIRE / April 29, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company") after careful consideration and a commitment to best-in-class governance, the directors of the Company have decided to change the frequency with which it will declare and pay dividends from monthly to quarterly. The first $0.01 quarterly dividend will be paid on June 30, 2021 to shareholders of record as of June 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 with operations in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. 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/643213/Gold-Resource-Corporation-Declares-Quarterly-Dividend-Resulting-in-Change-to-Dividend-Policy

FAQ

What is the new dividend policy for GORO?

Gold Resource Corporation has changed its dividend declaration from monthly to quarterly payments.

When is the next dividend payment for GORO?

The next dividend payment of $0.01 is scheduled for June 30, 2021.

What is the record date for the upcoming GORO dividend?

The record date for the upcoming dividend is June 15, 2021.

How often will GORO pay dividends after the recent change?

After this change, GORO will pay dividends quarterly instead of monthly.

Are GORO dividends guaranteed?

Dividends are subject to change and can be discontinued based on operational cash flows and other factors.