Gold Resource Corporation Modifies and Declares its Instituted Monthly Dividend for December
Gold Resource Corporation declares its monthly dividend for December 2013 payable on January 23, 2014 to shareholders of record as of January 13, 2014. The Company is modifying its instituted monthly dividend from $0.03 per share per month to $0.01 per share per month beginning with this December dividend. The dividend modification is due to continued precious metal price weakness and volatility, the recent 8% tax imposed upon precious metal producers in Mexico, cash conservation strategies and to maintain flexibility for future opportunities. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $92 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.