COLORADO SPRINGS, CO--(Marketwired - Mar 23, 2016) - Gold Resource Corporation (NYSE MKT: GORO) (the "Company") today announced the appointment of EKS&H LLLP as its independent auditor for the year ending December 31, 2016. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned $108 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.
The Company's decision to change auditors from KPMG to EKS&H was not the result of any disagreement between the Company and KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. The Board of Directors believes EKS&H's team of mining focused professionals offers a much stronger value proposition for the Company. Ranked nationally, EKS&H is the 40th largest accounting firm and services approximately 53 public companies.
"On behalf of the Board of Directors, I would like to thank KPMG for their years of service to our Company," stated Gold Resource Corporation's CEO and President, Mr. Jason Reid. "We look forward to working with the mining team at EKS&H."
EKS&H is a Denver based, nationally recognized public accounting firm servicing public and private clients throughout Colorado, across the United States and around the globe. With approximately 600 professionals, including nearly 60 partners, EKS&H is one of the top 50 public accounting firms headquartered in the United States, and the fifth largest firm headquartered in the Western United States.
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 54,266,706 shares outstanding, no warrants, no long term debt and has returned $108 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.