Gold Resource Corporation (NYSEMKT:GORO), a gold and silver producer with operations in Mexico, declared a monthly instituted dividend of $0.01 per common share for December.
The dividend is payable on January 23 to shareholders of record as of January 12, the Colorado Springs, Colorado-based company said in a statement late yesterday.
Gold Resource said it has returned over $101 million to shareholders in monthly dividends since commercial production commenced on July 1, 2010, and offers shareholders the option to convert their cash dividends and take delivery in physical gold and silver.
Shares closed up 0.3 percent at $3.19 yesterday, giving the company a market value of 170 million.
Gold Resource controls 100 percent interest in six potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company also operates a Nevada Mining Unit, focused on exploration in Nevada's Walker Lane region.