NYSEAM:GORO - Post by User
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2511MacDonaldon Jul 11, 2011 8:45am
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Added to Russell 3000 Index June 24/2011
Added to Russell 3000 Index June 24/2011
Gold Resource Corporation Added to Russell 3000 and Russell Global Indexes
2011-07-11 04:00 MT - News Release
COLORADO SPRINGS, Colo., July 11, 2011 /PRNewswire/ -- Gold Resource Corporation (NYSE Amex: GORO) is pleased to announce it has been added to the Russell 3000® and Russell Global® indexes when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes on June 24, 2011. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico. The Company has returned over $20M to shareholders in special dividends since declaring commercial production inJuly 2010.
Russell indexes are widely used by investment managers and institutional investors for both index funds and benchmarks for passive and active investment strategies. Gold Resource Corporation will hold its membership until the Russell reconstitutes its indexes in June 2012.
"Gold Resource Corporation's inclusion on the Russell 3000 and Global indexes this year marks another milestone in the Company's evolution," said Jason Reid, Gold Resource Corporation's President. "Having successfully positioned the Company among the elite class of low cost gold producers with an aggressive growth curve and a history of 12 consecutive monthly dividends, we are proud to be included in such a well-known and recognized index. We believe this inclusion may increase Gold Resource Corporation's visibility and recognition with the institutional investment community."
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 52,998,303 shares outstanding, no warrants and no debt. For more information, please visit GRC's website, located atwww.Goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.
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
Contact: Greg Patterson – Corporate Development 303-320-7708
SOURCE Gold Resource Corporation