SOURCE: Gold Resource Corporation

Gold Resource Corporation

June 29, 2011 06:00 ET

Gold Resource Corporation Declares Twelfth Special Cash Dividend

COLORADO SPRINGS, CO--(Marketwire - Jun 29, 2011) - Gold Resource Corporation (NYSE Amex: GORO) is pleased to announce it has declared its June Special Cash Dividend of $0.04 per common share payable on July 22, 2011 to shareholders of record as of July 11, 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 mine gross profit generated from operations, the Board of Directors declared its twelfth dividend in as many months of commercial production. This Special Cash Dividend is the sixth dividend per common share declared in 2011 totaling $0.21. The twelfth Special Cash Dividend increases the total dividends declared since commencing Commercial Production to $0.39 per share.

Gold Resource Corporation's President, Mr. Jason Reid, stated, "Our twelfth monthly dividend marks a milestone for the Company and underscores our longstanding focus to return cash back to the owners of the Company, its shareholders."

About GRC:
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 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.

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 Securities and Exchange Commission

Contact Information

  • Contact:
    Greg Patterson
    Corporate Development
    303-320-7708