Gold Resource Corporation Announces Appointment of Chief Financial Officer
-- Published: Wednesday, 9 September 2015 | Print | Disqus
Ticker Symbol: U:GORO
COLORADO SPRINGS, CO -- (Marketwired) -- 09/09/15
Gold Resource Corporation (NYSE MKT: GORO) (the "Company") today announced the appointment of Mr. John Labate as the Company's Chief Financial Officer (CFO). Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $105 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. Labate has been serving as the Company's interim CFO since May 11, 2015. He is a seasoned executive with over thirty years of financial management and accounting experience. His extensive resource industry experience includes previously serving as CFO for Golden Star Resources Ltd., Constellation Copper Corporation and Crown Resources Corporation.
"John is an accomplished executive with significant financial expertise as a mining industry CFO," stated Gold Resource Corporation's CEO and President, Mr. Jason Reid. "He has proven to be an exceptional addition to our management team these past four months. The Board and I are pleased to continue working with Mr. Labate as our CFO and as a member of the executive team on a long-term basis. The Company is fortunate to be leveraging his expertise as we continue to build the Company."
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, no long term debt and has returned over $105 million back to shareholders since commercial production commenced July 1, 2010. 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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