Mexico-focused Gold Resource Corp (AMEX:GORO) announced Friday that it will be distributing its eleventh special cash dividend to shareholders, benefiting from the start of commercial production at its El Aguila project last July.
The cash dividend, which has been increased to $0.04 per common share, will be paid to shareholders of record as of June 13, payable on June 17, 2011. The dividend, the eleventh in as many months since commercial production, is a direct result of cash flow generated from the company’s El Aguila operations, located in the southern state of Oaxaca, Mexico.
The total dividends declared since production now stands at $0.35 per share.
Gold Resource owns five potential high grade gold and silver properties in Oaxaca.