-- Published: Wednesday, 13 May 2015 | Print | Disqus
COLORADO SPRINGS, CO--(Marketwired - May 13, 2015) - Gold Resource Corporation (NYSE MKT: GORO) (the "Company") today announced the resignation of Mr. Joe Rodriguez, the Company's Chief Financial Officer. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $103 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
Mr. Rodriguez is stepping down to pursue other career opportunities. The departure is not based on any disagreement with the Company's accounting principles, practices or financial statement disclosures.
The Company will commence a search for a successor and has appointed Mr. John Labate to serve as interim Chief Financial Officer of the Company effective immediately and until a permanent replacement is appointed. Mr. Labate is a seasoned executive with over thirty years of financial management and accounting experience and has been a consultant to the Company. Mr. Labate has extensive resource industry experience, as he has previously served as the Chief Financial Officer for Golden Star Resources Ltd., Constellation Copper Corporation and Crown Resources Corporation.
Gold Resource Corporation's CEO and President, Mr. Jason Reid, commented, "The Board and I would like to thank Mr. Rodriguez for his contributions to the Company and wish him well in his future endeavors. I would also like to welcome Mr. Labate to the Company, and thank him for his assistance through the successful conclusion of the search process."
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 at its producing Oaxaca, Mexico Mining Unit and exploration properties at its Nevada, USA, Mining Unit. The Company has 54,179,369 shares outstanding, no warrants and no debt. 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.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's 10-K filed with the SEC.
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-- Published: Wednesday, 13 May 2015 | E-Mail | Print | Source: GoldSeek.com