Proactiveinvestors recommends
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.

Full Gold Resource Corp profile here
Pdf

Gold Resource Corp announces January monthly dividend

26th Jan 2012, 9:10 am by Deborah Sterescu
Gold Resource Corp announces January monthly dividend

Gold Resource Corp (AMEX:GORO) declared late Wednesday its monthly dividend of five cents per share for January.

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 February 23, 2012, to shareholders of record as of February 10, 2012.

The payment represents the nineteenth dividend in as many months of commercial production.

The company has now returned over $36 million to its shareholders through dividends since the start of commercial production in 2010.

Last 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.

Last 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.

Gold Resource Corp has 100 percent interest in six potential high-grade gold and silver properties in Mexico’s southern state of Oaxaca.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.