Thursday, 27 June 2013

Gold Resource Corp declares June dividend

Gold Resource Corporation (NYSE MKT:GORO) has declared its June dividend if 3 cents per share, payable on July 23, to shareholders of record as of July 11. 
The U.S.-based gold producer, with operations in the southern state of Oaxaca, Mexico, is calling for production of between 80,000 and 100,000 ounces of gold equivalent this year. The company has returned more than $85 million to shareholders in monthly dividends since declaring commercial production in July 2010. 
Earlier this month, the company said it drilled new mineralization around 500 metres northeast of the Arista vein system in Mexico. The step-out hole cut 2.2 metres of 12.91 grams per tonne (g/t) gold and 410 g/t silver. This was within an intercept measuring 15.5 metres wide and averaging 2.95 g/t gold. The structure is one of several parallel to the Arista deposit that the gold miner is targeting with its ongoing drilling. 
This followed news of more high grade gold and silver drill results from its Arista deposit in Mexico, with the company drilling 4.7 metres of 3.1 grams per tonne (g/t) gold and 2,658 g/t silver. The results were from vein Splay 5 at the deposit, a new zone that was announced in March this year. The company is continuing to explore this vein as well, with the area now having been drilled over 250 metres vertical extent, with mineralization remaining open along strike and at depth. 

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