Gold Resource Corp GORO

Metals & Mining Gold

Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. The Company is focused on its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico, and to develop the Back Forty Project in Michigan, United States. Its Back Forty Project has a polymetallic (gold, silver, copper, lead, and zinc) Volcanogenic Massive Sulfide deposit. At its Don David Gold Mine, it has 100% interest in six properties, including two production stage properties and four exploration stage properties, located in Oaxaca, Mexico, along the San Jose structural corridor. Its properties span 55 continuous kilometers of this structural corridor. Its two production stage properties include Arista and Alta Gracia Mines. Its four exploration properties include Margaritas Property, Chamizo Property, Fuego Property and Rey Property. The Fuego property consists of approximately 2,554 hectares.

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Gold Resource Corp > Decent productive quarter, A return to normalcy.

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Comment by GoldfingerU3O8on Oct 20, 2020 11:56am

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RE:Decent productive quarter, A return to normalcy.

I would be very happy if this would result in an increased dividend. Silver is eleven Dollar higher than in April. Producing quarterly 333K could result in roughly 14,6 Mio more profit per year. Divided by 70 Mio Shares this could result into an EPS increase of 21 Cent (only if cost has not risen).
But I would also understand if they are cautious (because you don't know how the Corona story continues) and keep the money in the bank.

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