COLORADO SPRINGS, Colorado -- Gold Resource Corp. (ASE:GORO) is pleased to announce the scheduled launch of its innovative gold and silver dividend program. Gold Resource Corp. is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The company has paid 20 consecutive monthly dividends since declaring commercial production totaling over $41 million returned to shareholders.
Gold Resource Corp. is scheduled to launch its gold and silver dividend program April 10. The default company dividend will continue to be in cash, but this unique option will give shareholders the ability to convert their cash dividends into physical gold and/or silver.
Shareholders may establish an "individual bullion account," whereby cash dividends are converted into Gold Resource Corp. "Double Eagle" 1-ounce .999-fine gold and/or 1-ounce .999-fine silver rounds.
Gold Bullion International (GBI), a leading institutional precious metals provider to individual investors and the wealth management industry, is facilitating the company's cash dividend to physical conversion. The company will direct GBI to draw gold and silver Gold Resource Corp. Double Eagles from the company's minted physical treasury and distribute precious metals as directed by company shareholders.
"A convenient and simple way of delivering precious metal dividends to shareholders has been a long-term goal of the Company," stated Jason Reid, president of Gold Resource Corp. "With innovative assistance from Gold Bullion International, management of Gold Resource Corp. is pleased and excited to announce the launch of the company's gold and silver dividend program, a dividend program unlike any other known program offered of its kind." ...
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For the complete press release:
http://www.marketwatch.com/story/gold-resourc...o-launch-gol...
