GOLD RESOURCE CORPORATION APPROVED TO TRADE ON NYSE AMEX
DENVER – August 26, 2010
– Gold Resource Corporation (GRC) (OTC BB: GORO,
FRANKFURT: GIH), a low cost gold producer with operations in southern Mexico,
announced today that it has been authorized to list its shares of common stock on the
NYSE Amex stock exchange. GRC anticipates the shares of its common stock to begin
trading on the NYSE Amex on Monday August 30, 2010, using the symbol GORO. Prior
to that date the Company’s common shares trade on the OTC Bulletin Board under the
same symbol GORO.
Gold Resource Corporation entered commercial production July 1, 2010 at its El Aguila
Project’s high-grade open pit deposit. The Company targets 70,000 ounces of gold over
the first 12 months of commercial production at ~$200 cash cost per ounce from its El
Aguila mill’s flotation circuit. The Company’s aggressive growth curve targets production
ramp up by year 3 to 200,000 ounces of gold equivalent (gold and silver) at ~$0 cash
cost per ounce using industry standard base metal byproduct credits. The Company
declared its initial special cash dividend on July 29
th
in the amount of $0.03 per common
