COLORADO SPRINGS, CO, United States, via ETELIGIS INC., 09/25/2014 – – Gold Resource Corporation (NYSE MKT: GORO) (the "Company") declares its monthly instituted dividend of $0.01 per common share for September 2014 payable on October 23, 2014 to shareholders of record as of October 13, 2014. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico.
The Company also announced that its total return to shareholders exceeded the 100 million dollar milestone with its September 23 rddividend payment. The Company has now paid 51 consecutive monthly dividends to shareholders since declaring commercial production in July 2010.
" We r eached a major milestone for a junior precious metal producer now having returned over one hundred million dollars back to the owners of the Company, its shareholders, in just over four years," stated Gold Resource Corporation's CEO and President Mr. Jason Reid. " This achievement is not only rare for a junior miner, but coupled with our conversion program allowing shareholders to convert cash dividends tophysical gold and silver, is unique to this industry. Both the level ofdividends and the cash to physical metal conversion option underscoresmanagement's shareholder friendly and focused philosophy . We remain committed to monthly dividends and the physical conversion option not only during the se current volatile metal markets ,but look forward to the future when hopefully the bull market in the metals space returns ."
For more information on Gold Resource Corporation's physical dividend program, visit the Company website at http://goldresourcecorp.com/gold-silver-dividends.php .
Dividends may vary in amount and consistency or be discontinued at the Board of Directors' discretion depending on variables including but not limited to operational cash flows, Company development requirements and strategies, construction, spot gold and silver prices, taxation, general market conditions and other factors described in the Cautionary Statements below and the Company's public filings with the U.S. Securities and Exchange Commission.
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 six potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The Company has 54,179,369 shares outs tanding and no warrants . Gold Resource Corporation offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery. For more information, please visit GRC's website, located atwww.Goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's 10-K filed with the SEC.
SOURCE: Gold Resource Corporation