Gold Resource Corporation - GORO STOCK NEWS

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.

Gold Resource Corporation (NYSE American: GORO) has postponed the release of its fourth quarter and full year 2021 financial results to finalize accounting efforts linked to the acquisition of Aquila Resources Inc., completed on December 10, 2021. The preliminary results announced on January 19, 2022, remain unchanged, and the company will set a new date for filing these results along with details for a related conference call. GORO focuses on its operations at the Don David Gold Mine in Oaxaca, Mexico, and aims to advance the Back Forty Project in Michigan.

Gold Resource Corporation (NYSE American: GORO) reported 2021 sales of 22,644 ounces of gold and 1,066,581 ounces of silver, totaling 37,512 gold equivalent ounces. The company also sold metals including 13,553 tonnes of zinc, 1,420 tonnes of copper, and 5,999 tonnes of lead, resulting in a closing cash balance of $34.0 million. For Q4 2021, GORO achieved sales of 9,848 gold equivalent ounces despite challenges posed by COVID-19. The company has plans for further investments and projects, including the Back Forty Project in Michigan.

Gold Resource Corporation (NYSE American: GORO) has successfully completed its acquisition of Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) through a statutory plan of arrangement. The acquisition was approved on November 17, 2021, and entails the exchange of 0.0399 GRC shares for each Aquila share, totaling approximately C$30.9 million. Former Aquila shareholders will receive further information for share transfers, while Aquila is expected to be delisted from the TSX soon. This acquisition supports GRC's strategy to develop the Back Forty Project in Michigan.

Gold Resource Corporation (GORO) is participating in the H.C. Wainwright Mining Conference on November 30 and December 1, 2021. CEO Allen Palmiere will present an overview of the company and engage in one-on-one meetings with investors. The presentation will be accessible online starting on December 1, at 1:30 PM ET, with an archival period of 90 days. The company's strategic direction includes enhancing the Don David Gold Mine in Mexico and progressing the Back Forty Project in Michigan. Interested investors can register for the conference via provided links.

Gold Resource Corporation (NYSE American: GORO) announced that at a special meeting, an overwhelming majority of Aquila Resources Inc. shareholders approved the acquisition plan. Specifically, 98.884% of votes supported the transaction, surpassing the necessary thresholds for approval. The deal is set to advance the Back Forty Project in Michigan, with closing anticipated shortly, pending certain conditions including court approval. President & CEO Allen Palmiere expressed gratitude for the shareholder support and eagerness to proceed with the integration.

Aquila Resources Inc. (AQARF) announced that its shareholders overwhelmingly approved the Arrangement Resolution for the acquisition by Gold Resource Corporation (GORO) at a special meeting. 98.884% of votes cast were in favor, exceeding the required 66⅔ percent approval. A total of 208,546,503 shares were represented, marking 60.701% of the total. The closing of the transaction is pending court approval from the Ontario Superior Court of Justice, with expectations to finalize the deal in the coming weeks. The merger aims to enhance growth potential as part of a diversified metal producer.

Aquila Resources (OTCQB: AQARF) announced its Q3 2021 financial results, reporting cash of $2.3 million and a net loss of $1.5 million. The company is in the process of being acquired by Gold Resource Corporation (AMEX: GORO), with a shareholder meeting scheduled for November 17, 2021, to vote on the transaction. The proposed exchange ratio offers a 29% premium based on share price averages. Additionally, Aquila is advancing its Back Forty Project, with an optimized feasibility study expected to be completed soon.

Gold Resource Corporation (GORO) announced a quarterly dividend of $0.01 per common share for Q4 2021, payable on December 29, 2021. Shareholders of record as of December 15, 2021 will receive this dividend. The Company noted that dividends may vary and could be discontinued based on factors such as operational cash flows and market conditions. Gold Resource Corporation operates primarily in gold and silver production, with significant activities at the Don David Gold Mine in Oaxaca, Mexico, and plans to develop the Back Forty Project in Michigan.