Gold Resource Corporation Declares Quarterly Dividend

Rhea-AI Summary

Gold Resource Corporation (NYSE American: GORO) declared a quarterly dividend of $0.01 per common share, payable on September 30, 2021, to shareholders of record by September 15, 2021. The decision to transition to quarterly dividend payments was made by the Company’s directors, reflecting a commitment to governance. Notably, the dividend exchange program allowing cash dividends to be converted into minted gold and silver has been discontinued since July 1, 2021. Dividends may vary based on operational cash flows and market conditions.

Positive

• Quarterly dividend of $0.01 per share reflects confidence in financial stability.
• Transition to a quarterly dividend payment structure could enhance shareholder value.

Negative

• Discontinuation of the dividend exchange program may reduce shareholder engagement.
• Dividends can vary and may be discontinued based on financial conditions.

DENVER, CO / ACCESSWIRE / July 28, 2021 / 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 2021 payable on September 30, 2021, to shareholders of record as of September 15, 2021.

After careful consideration and a commitment to best-in-class governance, last quarter the directors of the Company decided to change the frequency with which it will pay dividends and accordingly, has gone to a quarterly dividend payment. Further, the sponsored dividend exchange program under which shareholders may exchange their cash dividends for minted gold and silver rounds has been discontinued effective July 1, 2021 due to its costly nature to administer and limited shareholder participation.

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.

CONTACT:
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/657493/Gold-Resource-Corporation-Declares-Quarterly-Dividend

FAQ

What is the dividend amount declared by Gold Resource Corporation?

Gold Resource Corporation declared a quarterly dividend of $0.01 per common share.

When is the dividend payable for GORO?

The dividend is payable on September 30, 2021, to shareholders of record by September 15, 2021.

Why did Gold Resource Corporation discontinue its dividend exchange program?

The dividend exchange program was discontinued due to its costly administration and limited shareholder participation.

How often will Gold Resource Corporation pay dividends?

Gold Resource Corporation has transitioned to paying dividends on a quarterly basis.

Can dividends from Gold Resource Corporation change in the future?

Yes, dividends may vary or be discontinued based on operational cash flows and market conditions.