Gold Resource Corporation - GORO STOCK NEWS

Gold Resource Corporation (NYSE American: GORO) announces significant leadership changes coinciding with the spin-off of its Nevada Mining Unit to shareholders as Fortitude Gold Corporation. Bill Conrad steps down as Chairman, succeeded by Alex Morrison. Jason Reid, former CEO, now leads Fortitude Gold, while Allen Palmiere has been appointed as the new CEO of GORO. The company aims to enhance cash flow and operational efficiency in Mexico for future growth. New independent directors, Lila A. Manassa Murphy and Joseph Driscoll, bring extensive experience to the board.

Gold Resource Corporation (NYSE American: GORO) has announced a monthly dividend of one-third of a cent per share for December 2020, payable on January 25, 2021, to shareholders recorded by January 11, 2021. This follows the company’s commitment to return $115 million to shareholders since July 2010. GORO operates in Oaxaca, Mexico, and Nevada, USA, focusing on low capital expenditure projects offering high returns. Shareholders can convert dividends into physical gold and silver. However, dividends may vary or be discontinued based on operational cash flows and market conditions.

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.