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Gold Resource Corporation
GORO is pleased to announce it has increased its instituted monthly dividend to $0.06 per common share for April 2012 payable on May 23, 2012 to shareholders of record as of May 10, 2012. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.
The April dividend marks the 22nd consecutive monthly dividend declared by Gold Resource Corporation, and raises the dividend by 20% from the previous monthly instituted dividend. This represents a current annualized dividend of $0.72 per common share, and a dividend yield of 2.7% based on the April 27, 2012 share closing price. Gold Resource Corporation has declared over $47 million in dividends since commencing commercial production in July 2010, and now offers shareholders a convenient option to convert their cash dividends into physical gold and/or silver on a monthly basis.
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