COLORADO SPRINGS, Colo., March 19, 2013 /PRNewswire/ -- Gold Resource Corporation (NYSE MKT: GORO) (the "Company") today announced the appointment of KPMG LLP ("KPMG") as its independent auditors for the year ending December 31, 2013, replacing StarkSchenkein, LLP ("StarkSchenkein"). Gold Resource Corporation is a low-cost gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $75 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
The decision to change auditors was not the result of any disagreement between the Company and StarkSchenkein on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. The Company's growth and KPMG's international infrastructure and mining industry experience were the main criteria for the selection. The appointment of KPMG will be subject to ratification by the shareholders at the Company's annual meeting.
"On behalf of the Board of Directors, I would like to thank StarkSchenkein, LLP for their years of service to our Company as we have evolved from an explorer to a producer," stated Gold Resource Corporation's President, Mr. Jason Reid. "We look forward to working with the KPMG team."
About KPMG LLP: KPMG LLP, the audit, tax and advisory firm ( www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's member firms have 152,000 professionals, including more than 8,600 partners, in 156 countries.About GRC: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 52,679,369 shares outstanding, no warrants and no debt. Gold Resource Corporation offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery. 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 SEC.
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