Welcome to our dedicated page for Gold Resource Corporation news (Ticker: GORO), a resource for investors and traders seeking the latest updates and insights on Gold Resource Corporation stock.
Gold Resource Corporation (GORO) is a dynamic mining and metals company headquartered in Colorado Springs, Colorado, USA. Specializing in the production, development, and exploration of gold and silver, GORO operates significant projects in Oaxaca, Mexico, and Nevada, USA. The company focuses on low capital expenditure projects with the potential for high returns, ensuring efficient and profitable operations.
The company's flagship project, Don David Gold in Oaxaca, Mexico, is a prime example of its commitment to resource extraction and economic growth. Additionally, the Back Forty project in Michigan, USA, underscores GORO's strategic expansion and exploration efforts.
Gold Resource Corporation's approach balances operational efficiency with sustainable practices, aiming for minimal environmental impact while maximizing output. The company is known for its robust financial health, strategic partnerships, and a strong portfolio of valuable assets.
With a focus on delivering shareholder value, GORO continually seeks new opportunities to enhance its production capabilities and resource base. Its transparent business practices and commitment to community engagement further solidify its reputation in the industry. Stay updated with the latest news and developments from Gold Resource Corporation to understand its impact and future trajectory.
Gold Resource Corporation (GORO) reported a tragic incident at its Arista mine in Oaxaca, Mexico, where an employee was fatally injured on December 24, 2020. The Company is cooperating with authorities to investigate the cause of the accident, which occurred in an unauthorized area of the mine. Operations at the site continue alongside the investigation. GORO is reviewing and updating safety procedures, prioritizing employee health and safety, and extends condolences to the affected family and colleagues.
Gold Resource Corporation (GORO) announced a spin-off of Fortitude Gold Corporation, with shareholders receiving one share of Fortitude for every 3.5 shares held. The record date is December 28, 2020, and shares will be distributed on December 31, 2020. Fractional shares will be handled differently for 'street name' shareholders. A registration statement for Fortitude Gold has been filed, but trading will begin only after approval from FINRA. GORO will continue to trade on the NYSE American post-distribution. Shareholders are advised about potential tax implications.
Gold Resource Corporation (NYSE American: GORO) announced a monthly dividend of one-third of a cent per common share for November 2020, payable on December 23, 2020. The record date for shareholders is December 11, 2020. Since July 2010, the company has returned $115 million to shareholders through consecutive monthly dividends. Additionally, shareholders can convert dividends into physical gold and silver. However, dividends are subject to variability based on operational cash flows and market conditions.
Gold Resource Corporation (GORO) reported strong Q3 2020 results, producing 12,575 gold ounces and 333,761 silver ounces, contributing to consolidated net revenue of $42.3 million. The company highlighted record production from its Nevada Mining Unit, with a 51% increase over Q2. GORO has returned $115 million to shareholders since 2010 and is set to spin off its Nevada unit, Fortitude Gold Corporation, to enhance shareholder value. The company reported a net income of $5 million or $0.07 per share.
Gold Resource Corporation (NYSE American: GORO) announced its third quarter earnings conference call set for November 3, 2020, at 11:00 AM ET. The call will cover third quarter results, operational updates, and plans to spin off its Nevada Mining Unit. Since July 2010, the Company has returned $115 million to shareholders through dividends, with options to convert cash dividends into physical gold and silver. Gold Resource Corporation has generated over $1 billion in revenue, focusing on low capital expenditure projects with high return potential.
Gold Resource Corporation (GORO) announced a monthly dividend of one-third of a cent per share for October 2020, payable on November 23, 2020. Shareholders of record by November 11, 2020 will receive this payment. Since July 2010, the company has returned $115 million to shareholders through consecutive monthly dividends. GRC also offers a unique option for shareholders to convert cash dividends into physical gold and silver. However, dividend amounts may vary and could be discontinued based on operational cash flow and market conditions.
Gold Resource Corporation (NYSE American: GORO) announced preliminary record gold production for Q3 2020, reporting 12,575 gold ounces and 333,761 silver ounces. The Nevada Mining Unit produced 7,847 gold ounces, reflecting a 51% increase from the previous quarter, while the Oaxaca Mining Unit reported 4,728 gold ounces, a 94% increase. The company aims to achieve its annual target of 40,000 gold ounces in 2021. Despite previous pandemic disruptions, both mining units operated continuously, with COVID-19 cases reported in Nevada and Mexico. Full financial results will be available soon.
Gold Resource Corporation (GORO) reported a record gold production for Q3 2020, with 12,575 gold ounces and 333,761 silver ounces. Nevada production surged 51%, totaling 7,847 gold ounces, while the Oaxaca unit produced 4,728 gold ounces, marking increases of up to 94% for various metals. Despite a temporary production outlook withdrawal due to COVID-19 uncertainties, operations continued with health protocols. The company aims for an annual target of 40,000 gold ounces in 2021 and has returned $115 million to shareholders since 2010 through monthly dividends.
Gold Resource Corporation (NYSE American: GORO) has announced plans to spin-off its Nevada Mining Unit, creating a separate publicly-traded company, referred to as Spinco, which will distribute approximately 20 million shares to existing shareholders. The spin-off is expected to be tax-free for U.S. shareholders and aims to enhance operational focus, optimize resource allocation, and unlock value in a prime mining jurisdiction. This move is anticipated to finalize by early 2021, pending customary approvals. Both entities will retain distinct strategic visions, targeting growth and shareholder value.
Gold Resource Corporation (GORO) has declared a monthly dividend of one-third of a cent per common share for September 2020, payable on October 23, 2020, to shareholders of record as of October 12, 2020. The company has returned $115 million to shareholders through consecutive monthly dividends since July 2010. GORO also allows shareholders to convert cash dividends into physical gold and silver. However, dividends may fluctuate or be discontinued based on operational cash flows and market conditions.
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