Gold Resource (NYSE MKT:GORO), a gold and silver producer with operations in Mexico, has declared its monthly instituted dividend of $0.01 per common share for February.
The dividend is payable on March 23 to shareholders of record as of March 11, the Colorado Springs, Colorado-based company said in a statement late yesterday.
Gold Resource said it has returned over $102 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.
Earlier this month, the company said it recorded higher gold and silver production in 2014, and that it believes metal prices will increase this year. Annual gold production rose 4.7 percent last year to 35,552 ounces while silver output climbed 8.7 percent to 3.29 million ounces over 2013 levels, the company said.
Gold Resource rebounded in the final quarter of 2014 from a difficult third quarter, when it was hit with underground mining challenges that prompted the hiring of new mine management.
The US-based company, which produces from its operations in Oaxaca, Mexico, is currently finalizing its 2015 production outlook, and said its aim is to conservatively weather challenging markets while positioning itself to succeed when metal prices strengthen.