Gold Resource Corp (AMEX:GORO) declared Thursday its instituted monthly dividend of five cents per common share for October, payable on November 23 to shareholders of record as of November 11.
The company, which began commercial production in July 2010 from its El Agula operations, is a low-cost gold producer with operations in southern Mexico.
The dividend today represents the sixteenth dividend in as many months of commercial production and the tenth of 2011, and increases the total dividends declared since commencing commercial production to 58 cents per share to date. This means the company has returned over $30 million to its shareholders.
Gold Resource Corp has 100% interest in six potential high-grade gold and silver properties in Mexico’s southern state of Oaxaca.
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