Gold Resource Corporation : DECLARES MILESTONE JUNE MONTHLY DIVIDEND
FOR IMMEDIATE RELEASE NEWS June 28, 2012 NYSE MKT: GORO
GOLD RESOURCE CORPORATION DECLARES MILESTONE JUNE MONTHLY
COLORADO SPRINGS - June 28, 2012 - Gold Resource
Corporation (NYSE MKT: GORO) declares its instituted monthly
dividend of $0.06 per common share for June 2012 payable on
July 23, 2012 to shareholders of record as of July 10, 2012.
Gold Resource Corporation is a low-cost gold producer with
operations in southern Mexico.
06/27/2012| 07:13pm US/Eastern
The June 2012 dividend declaration marks a major milestone
for the Company by bringing the total dividends declared
since July 2010 commercial production to $1.01 per common
share, exceeding the Company's Initial Public Offering (IPO)
on a price per share basis. Gold Resource Corporation went
public in September 2006 at $1.00 per common share.
"As a shareholder focused precious metal producer, we are
pleased to now have declared dividends exceeding our Initial
Public Offering price," stated Mr. Jason Reid, President.
"Those original shareholders still holding Gold Resource
Corporation stock will have recouped their original
investment after the July 23rd pay date,
underscoring the Company's ability to be both a growth equity
and income equity."
Gold Resource Corporation offers shareholders the option to
convert their monthly cash dividends into physical gold and /
or silver and take delivery of their precious metals. For
more information on Gold Resource Corporation's physical
dividend program visit the Company website at http://goldresourcecorp.com/gold-silver-dividends.php.
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 six
potential high-grade gold and silver properties in Mexico's
southern state of Oaxaca. The Company has 52,911,516 shares
outstanding, no warrants and no debt. Gold Resource
Corporation is the only Company to offer
its shareholders a dividend option to obtain physical gold or
silver in addition to cash. 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
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",
"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 SEC.