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Gold Resource Corp declares November dividend

Mining firm Gold Resource Corp (NYSE: GORO) confirmed its monthly dividend of $0.01 per share for November will be paid on December 23 this year.
Gold Resource Corp declares November dividend
Investors can also convert cash dividends and take delivery of physical gold and silver..

Mining firm Gold Resource Corp (NYSE: GORO) confirmed its monthly dividend of $0.01 per share for November will be paid on December 23 this year.

The company has returned more than US$107 million to shareholders in monthly dividends since commercial production began on July 1, 2010, it noted in the brief regulatory statement.

Investors can also convert cash dividends and take delivery of physical gold and silver.

The firm has 100% interest in six potential high-grade gold and silver properties at its producing unit in Oaxaca, Mexico and exploration properties at its Nevada, USA unit.

In its latest set of quarterlies, the precious metals producer reported production slightly down on the corresponding quarter in 2014, but nonetheless still robust at 14,133 ounces of gold equivalent.

A slightly lower than that amount was actually sold, but it still brought in revenue for the period of US$19.4mln.

Production for the full year to end December is now slated to be around 26,900 ounces of gold and around 2.5mln ounces of silver, slightly down on forecasts issued earlier in the year as lower grades and mining dilution took their toll.

Nonetheless, with total cash costs running at just US$603 per ounce of gold equivalent produced, the Arista mine remains a good earner at a time when other small mines are feeling intense pressure on margins.

Shares added 3.10% to US$2.33.

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