SOURCE: Gold Resource Corporation

Gold Resource Corporation

January 04, 2011 06:00 ET

Gold Resource Corporation to Ring NYSE Amex Opening Bell

DENVER, CO--(Marketwire - January 4, 2011) - Gold Resource Corporation (GORO) (NYSE Amex: GORO) to ring the opening bell on the NYSE Amex Thursday, January 13, 2011. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.

Gold Resource Corporation's President, Mr. Jason Reid, stated, "We are pleased to have moved our trading platform to the NYSE Amex as part of the Company's logical progression as a publically traded precious metals producer. This new listing has provided greater market exposure, increased liquidity and additional long-term shareholder value."

Scott Cutler, NYSE Euronext Executive Vice President said, "We look forward to partnering with Gold Resource Corporation on NYSE Amex, the premier U.S. equities market for listing and trading small- and mid-cap growth companies, and to providing the highest levels of market quality to the Company and its shareholders."

Gold Resource Corporation provides unique exposure to the gold space having recently initiated commercial production July 1, 2010. The Company is focused not only on its aggressive growth profile, but on adding low-cost ounces and its potential to distribute meaningful dividends. Using cash flow from operations the Company paid $0.03 per share each month since July 1, 2010, and recently declared its sixth Special Cash Dividend in as many months of commercial production. The sixth Special Cash Dividend increased the total dividends declared in 2010 to $0.18 per share.

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 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.

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