DENVER, CO–(Marketwire – 02/28/11) – Gold Resource Corporation (GORO) (AMEX:GORO) is pleased to announce it has declared its eighth Special Cash Dividend of $0.03 per common share to its shareholders of record March 18, payable March 25, 2011. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.
Gold Resource Corporation commenced Commercial Production July 1, 2010 from its El Aguila Project’s operations in the southern state of Oaxaca, Mexico. Using cash flow generated from operations, the Board of Directors declared its eighth dividend in as many months of commercial production. This eighth Special Cash Dividend is the second $0.03 per common share dividend declared in 2011, and increases the total dividends declared since Commercial Production to $0.24 per share.
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in five potential high-grade gold and silver properties in Mexico’s southern state of Oaxaca. The Company has 52,998,303 shares outstanding, no warrants and no debt. For more information, please visit GRC’s website, located at www.Goldresourcecorp.com and read the Company’s 10-K for an understanding of the risk factors involved.