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Additional information
Additional Information
Market: NYSE AMEX
Sector: Gold Mining
Epic: GORO
News: Latest news
Web Site: Gold Resource Corp
Other Articles: 26-08-201020-08-201029-07-2010

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Thursday September 09, 07:08Amphion’s Unique Approach to Innovation

Investors in Amphion should should keep an eye on further developments at Kromek. The business could be floated during Q1 2011, at which point Amphion’s 16% stake should be worth far more than the last valuation of £9m.

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Wednesday September 08, 10:42African Energy Resources encouraged by coal results at Sese, seeks cornerstone partner

With the coal quality, thickness and shallow depth, it augurs well for potential commercial coal production for African Energy at Sese in Botswana.

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Tuesday September 07, 08:12MetroCoal re-affirms Columboola coal Resource yet to be completed

Emerging coal-focused energy company MetroCoal (ASX: MTE) has clarified that it has not completed any resource estimate or report on its Columboola Project area in Queensland's Surat Basin.

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Gold Resource Corp

Gold Resource Corp

Gold Resource Corporation is a mining company focused on production and pursuing development of select, high-grade gold and silver projects that feature low operation costs and produce high returns on capital. The Company has 100% interest in four high-grade gold and silver properties in Mexico's southern state of Oaxaca.

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Thursday, July 29, 2010

Gold Resource Corp declares special cash dividend

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Gold Resource Corporation (GRC) (OTCBB: GORO, FSE: GIH) has declared an initial special cash dividend of US$0.03 per common share, just one month after it declared the start of commercial production at its El Aguila high-grade gold and silver mine in the southern state of Oaxaca, Mexico.

“This dividend declared just one month after commercial production commenced not only thanks shareholders for their continued support but underscores management’s longstanding dividend commitment,” the group said in a statement.

Since going public in September 2006, management has remained focused on a disciplined capital structure, generating cash flow from operations and on the potential for distribution of meaningful dividends, it said. 

The company is very pleased with El Aguila’s performance and by using cash flow generated from operations the board of directors declares the special dividend to be paid to those shareholders of record at the close of business on August 16 2010.

President Jason Reid stated: “Though there are no guarantees as to future dividends, we remain steadfast on our longstanding goal to return approximately one-third cash flow generated from operations back to the shareholders.” 

GRC 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 five potential high-grade gold and silver properties in Mexico’s southern state of Oaxaca. 

The company had been ramping up production at El Aguila since production initially began in February 2010, and it is projected to produce 70,000 ounces of gold in the first year of operation.

Last week, the group reported that El Aguila produced 4,390oz of gold in the period between June 3 and July 14.

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