Gold Resource Corp increases tenth special cash dividend
Mexico-focused Gold Resource Corp (AMEX:GORO) announced Thursday that it will be distributing its tenth special cash dividend to shareholders, benefiting from the start of commercial production at its El Aguila project last July.
The cash dividend, which has been increased to $0.04 per common share from $0.03, will be paid to shareholders of record as of May 13, payable on May 20. The dividend, the tenth in as many months since commercial production, is a direct result of cash flow generated from the company's El Aguila operations, located in the southern state of Oaxaca, Mexico.
The total dividends declared since production now stands at $0.31 per share.
Gold Resource owns five potential high grade gold and silver properties in Oaxaca.
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