Wednesday, 31 October 2012

Gold Resource Corp declares October monthly dividend

Gold Resource Corp (NYSE MKT:GORO) (AMEX:GORO) declared late Tuesday its monthly dividend of 6 cents per common share for October. 
The payout will be given on November 23, to shareholders of record as of November 12.
Earlier this month, the company said it appointed Jesus Rivera as general manager of its Mexican Oaxaca mining unit, which is responsible for its El Aguila project.  
Rivera, a mining and metallurgy engineer with a background in underground mining operations, replaced Juan Manuel Flores. 
He joined the company from Yamana Gold, where he was operations manager for the Mercedes project in Sonora, Mexico, and has previously held positions from Farallon Mining and Genco Resources
The news follows Gold Resource Corp's announcement that it produced 64 per cent more gold equivalent ounces in the latest three month period than it did in the "less than optimal" previous quarter. 
The Mexico-focused gold producer reported its preliminary production results for the third quarter that ended September 30, of around 22,300 ounces of precious metal gold equivalent. 
That is 64 per cent higher than the production of 14,488 gold equivalent ounces in the previous quarter, when the company saw some production challenges. 
The company, with operations in the southern state of Oaxaca, Mexico, has returned more than $63 million to shareholders in monthly dividends since declaring commercial production at its El Aguila mine in July 2010. It is also the first company, it noted, to offer shareholders the option to convert their cash dividends into physical gold or silver. 

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