Gold Resource Corporation (the "Company") reports preliminary production results for the first quarter ended March 31, 2014 of approximately 23,700 precious metal gold equivalent ounces (AuEq). Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico.
The Company has returned over $95 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.
First quarter production of approximately 23,700 ounces precious metal gold equivalent (actual 64:1 silver-to-gold ratio) maintains the Company's 2014 Outlook to produce 85,000 to 100,000 ounces (63:1 silver-to-gold ratio).
"Our El Aguila Project team continues to deliver on-target results," Gold Resource Corporation's CEO and President, Mr. Jason Reid, stated. "We remain focused not only on production but driving down future costs."
Full financial results for the first quarter will be available at the time the Company files its quarterly report on Form 10-Q with the Securities and Exchange Commission.
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 54,179,369 shares outstanding and no warrants. Gold Resource Corporation offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.
Source: http://www.goldresourcecorp.com/