COLORADO SPRINGS, Colo., March 27, 2012 /PRNewswire/ -- Gold Resource Corporation (NYSE Amex: GORO) declares its instituted monthly dividend of $0.05 per common share for March 2012 payable on April 23, 2012 to shareholders of record as of April 10, 2012. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.
The March dividend marks the first opportunity for shareholders to participate in the Company's gold and silver dividend program announced earlier this month. Shareholders who opt-in to the program may take their dividend, after a cash to physical conversion, in gold and/or silver on the April 23rd pay date. For additional details on Gold Resource Corporation's gold and silver dividend program and specifics on how to open a self-directed "bullion" account, please visit the Company's website at www.goldresourcecorp.com or the program specific page at: www.grc.bullioninternational.com/.
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 52,902,620 shares outstanding, no warrants and no debt. 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 involved.Cautionary Statements: 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", "anticipate," "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 Securities and Exchange Commission
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