Wednesday, 29 August 2012

Gold Resource Corp declares August dividend

Gold Resource Corp. (MKT:GORO) has declared another monthly dividend of six cents per share, this time for the month of August. 
The payout will be handed out on September 24, to shareholders on record as of September 10, the company said. 
The Mexico-focused low-cost gold producer also offers stakeholders the option to convert their monthly dividends into either physical gold or silver. 
In late July, the company released a final resource report from drilling data at its La Arista vein system, part of the El Aguila project in the southern state of Oaxaca, Mexico.
The El Aguila project is located 120 kilometres southeast of the capital city of Oaxaca, and is a newly discovered high-grade gold and silver system.
Indicated and inferred resources stand at 1.4 million gold equivalent ounces at a one gram per tonne gold cut-off, which confirmed the previously announced preliminary results in April.
The mining concession has 23 contiguous blocks in the El Aguila to El Rey project area and two adjacent blocks in the Solaga project area covering 60,912-hectares.
In the second quarter, the company said production rose eight per cent from its El Aguila project over the prior year, to 14,488 ounces. 
The company, for the period that ended June 30, sold 17,211 gold ounces with an average price of $1,631 per ounce.
That is up from the 13,097 ounces with an average gold price of $1,576 per ounce, in the year-ago period. 
Net comprehensive income reached $1.91 million or six cents per share, down from the $3.05 million or six cents per share, a year-earlier.  Sales rose to $30 million, up from $20.7 million last year. 
Gold Resource is focused on the low-cost production and development of gold and silver projects in Oaxaca, Mexico.

No comments:

Post a Comment