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Additional Information
Market: NYSE AMEX
Sector: Gold Mining
EPIC: GORO
Gold Resource Corp
www.goldresourcecorp.com

Gold Resource Corporation is a mining company focused on production and pursuing development of select, high-grade gold and silver projects that feature low operation costs and produce high returns on capital. The Company has 100% interest in four high-grade gold and silver properties in Mexico's southern state of Oaxaca.

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Gold Resource Corp declares December monthly dividend

28th Dec 2011, 2:18 pm by Deborah Sterescu
Gold Resource Corp declares December monthly dividend

Gold Resource Corp (AMEX:GORO) declared Wednesday its monthly dividend of 5 cents per share for December.

The Mexico-focused producer, which began commercial production from its El Aguila project in Oaxaca, Mexico in July 2010, said the dividend is payable on January 23, 2012, to shareholders of record as of January 10.

The payment represents the eighteenth dividend in as many months of commercial production, and the twelfth of 2011. 

The company has now returned over $36 million to its shareholders through dividends since the start of commercial production last year.

In November, Gold Resource Corp posted record third-quarter earnings on the back of soaring commodity prices in the period.

For the quarter that ended September 30, the Denver-based gold producer posted a net profit of $15.2 million, or 27 cents per share, up from a loss of $1.1 million, or a loss of 2 cents per share, a year earlier.

Revenue in the period soared to $37.8 million from $10 million a year earlier.

Gross profit from its El Aguila mine came in at $31.17 million, way up from $7.08 million in the third quarter of 2010.

El Aguila is located 120 kilometres southeast of the state capital city of Oaxaca, Mexico and has yielded several strong metal samples, including 36.0 grams per tonne (g/t) gold, and 3,100 g/t silver.

In March, the company announced that it had begun the transition from processing lower grade, open pit ore, to processing underground ore from the high grade Arista deposit at El Aguila.

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