Gold Resource Stock Price, News & Analysis

Gold Resource Corporation (GORO) announced a monthly dividend of one-third of a cent per share for October 2020, payable on November 23, 2020. Shareholders of record by November 11, 2020 will receive this payment. Since July 2010, the company has returned $115 million to shareholders through consecutive monthly dividends. GRC also offers a unique option for shareholders to convert cash dividends into physical gold and silver. However, dividend amounts may vary and could be discontinued based on operational cash flow and market conditions.

Gold Resource Corporation (NYSE American: GORO) announced preliminary record gold production for Q3 2020, reporting 12,575 gold ounces and 333,761 silver ounces. The Nevada Mining Unit produced 7,847 gold ounces, reflecting a 51% increase from the previous quarter, while the Oaxaca Mining Unit reported 4,728 gold ounces, a 94% increase. The company aims to achieve its annual target of 40,000 gold ounces in 2021. Despite previous pandemic disruptions, both mining units operated continuously, with COVID-19 cases reported in Nevada and Mexico. Full financial results will be available soon.

Gold Resource Corporation (GORO) reported a record gold production for Q3 2020, with 12,575 gold ounces and 333,761 silver ounces. Nevada production surged 51%, totaling 7,847 gold ounces, while the Oaxaca unit produced 4,728 gold ounces, marking increases of up to 94% for various metals. Despite a temporary production outlook withdrawal due to COVID-19 uncertainties, operations continued with health protocols. The company aims for an annual target of 40,000 gold ounces in 2021 and has returned $115 million to shareholders since 2010 through monthly dividends.

Gold Resource Corporation (NYSE American: GORO) has announced plans to spin-off its Nevada Mining Unit, creating a separate publicly-traded company, referred to as Spinco, which will distribute approximately 20 million shares to existing shareholders. The spin-off is expected to be tax-free for U.S. shareholders and aims to enhance operational focus, optimize resource allocation, and unlock value in a prime mining jurisdiction. This move is anticipated to finalize by early 2021, pending customary approvals. Both entities will retain distinct strategic visions, targeting growth and shareholder value.

Gold Resource Corporation (GORO) has declared a monthly dividend of one-third of a cent per common share for September 2020, payable on October 23, 2020, to shareholders of record as of October 12, 2020. The company has returned $115 million to shareholders through consecutive monthly dividends since July 2010. GORO also allows shareholders to convert cash dividends into physical gold and silver. However, dividends may fluctuate or be discontinued based on operational cash flows and market conditions.

Gold Resource Corporation (GORO) announced a monthly dividend of one-third cent per share for September 2020, payable on October 23 to shareholders on record as of October 12. The company has returned $115 million to shareholders since July 2010 through consecutive dividends. GORO offers an option to convert dividends into physical gold and silver. The dividend amount may vary, depending on operational cash flow, market conditions, and other factors. The company focuses on low capital expenditure projects with high return potential and has generated over $1 billion in revenue.

Gold Resource Corporation (GORO) has declared a monthly dividend of one-third of a cent per share for August 2020, payable on September 23, 2020, to shareholders of record by September 11, 2020. Since July 2010, the Company has returned $114 million to shareholders through consecutive monthly dividends. Additionally, GORO offers a unique program allowing shareholders to convert cash dividends into physical gold and silver. The dividend may vary based on operational cash flows, company strategies, and market conditions.

Gold Resource Corporation (NYSE American: GORO) has appointed Ms. Kimberly Perry as the new Chief Financial Officer, succeeding John Labate, who is retiring after 35 years in the mining industry. Ms. Perry, a Board member since 2019 with 16 years of experience, will step down from her board role on August 14, 2020. The company has returned over $114 million to shareholders in dividends since July 2010 and offers shares the option to convert cash dividends into physical gold and silver. The transition aims to maintain the company’s financial stability and growth in mining operations.

Gold Resource Corporation (GORO) reported Q2 2020 production results, generating $21.1 million in net revenue with 7,649 ounces of gold and 191,232 ounces of silver produced. Operations at its Oaxaca Mining Unit were suspended for nearly eight weeks due to COVID-19 but resumed on May 27, 2020. The company achieved a 41% increase in gold production at its Isabella Pearl project. Despite this, GORO recorded a net loss of $1.8 million. The company maintains a strong cash balance of $13.3 million and a working capital increase of 48% from the previous year.