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     555  0 Kommentare Gold Resource Corporation Declares Modified Instituted Monthly Dividend for December

    COLORADO SPRINGS, CO--(Marketwired - Dec 28, 2015) - Gold Resource Corporation (NYSE MKT: GORO) (the "Company") declares its monthly dividend for December 2015 payable on January 25, 2016 to shareholders of record as of January 11, 2016. The Company is modifying its instituted monthly dividend from one cent per share per month to 1/6 of a cent per share per month (or two cents per share per year) beginning with this December dividend. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery. 

    The Board of Directors approved a modification to the Company's instituted monthly dividend after weighing multiple factors, including continued weakness in precious and base metal commodity prices, future flexibility to advance corporate strategies and reallocation of capital to include its new Gold Mesa property. Gold and silver commodity prices have continued their multi-year decline having recently slipped to five year lows, while base metal prices have also weakened significantly during 2015. The Company remains primarily focused on its producing Arista mine in Mexico but also aims to reallocate capital to its recently optioned Gold Mesa, Nevada exploration effort. Gold Resource Corporation is evaluating a 2016 drill campaign to test extensions of high grade gold drill intercepts at Gold Mesa, with a goal of defining a near surface, high grade open pit or pits. Additional factors for the dividend decrease include cash conservation strategies for potential continued metal price weakness in 2016 and management's desire to maintain flexibility for additional property acquisition opportunities during the bear market. 

    "We remain committed to distributing a monthly dividend and are proud to continue to do so at a reduced level during this extended downturn and bear market in precious metals," stated Gold Resource Corporation's President and CEO, Mr. Jason Reid. "Multiple factors contributed to the decision to reduce the dividend including declining revenues and the reallocation of capital focusing not only on our Arista mine, but also on the recently optioned Gold Mesa property in Nevada. Gold Mesa has the potential to increase shareholder value if we are fortunate enough to find additional high-grade gold on the property with near surface open pit potential that could eventually position us as a two mine operator."

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    Gold Resource Corporation Declares Modified Instituted Monthly Dividend for December COLORADO SPRINGS, CO--(Marketwired - Dec 28, 2015) - Gold Resource Corporation (NYSE MKT: GORO) (the "Company") declares its monthly dividend for December 2015 payable on January 25, 2016 to shareholders of record as of January 11, 2016. The …