Gold Resource Corporation (GORO) is a U.S.-based gold and silver producer that is set on a trajectory of high-grade gold and silver development projects based in Mexico. Incidentally, GORO is also involved in large-scale expansion in Nevada, USA. The company has a unique business model, anchoring its operations on strong production results and substantial dividend payouts, combined with an ambitious exploration strategy. The primary focus of GORO is precious metal mining, with emphasis on acquiring, exploring, and developing high-grade gold and silver projects that display significant exploration potential.
Established in 1998, GORO has a track record of profitability and operates with a long-term aim to create multiple operations in the Americas that are sensitive to both social and environmental issues. The company is deeply committed to maintaining high safety standards and ensuring minimal harm to the environment in all its operations. It takes numerous measures to mitigate any negative environmental effects and to adhere to responsible mining practices.
GORO's primary mining unit is the Oaxaca Mining Unit, which comprises the Arista underground mine and the Mirador mine. The company has made significant strides in expanding its production scope by making substantial discoveries that have successfully increased the mine life. In Nevada, GORO is currently focused on developing the Isabella Pearl gold project, with the unit achieving commercial production in 2019.
An important aspect of GORO’s operating strategy involves rewarding its shareholders. The company has a unique dividends-plus-exploration philosophy aimed at both sharing its profits with the shareholders through dividends and using a part of the revenue to fund growth opportunities. Since 2010, Gold Resource Corporation has returned more than 115 million dollars to its shareholders in consecutive monthly dividends.
GORO prides itself on its experienced management leadership. With a team possessing decades of experience in the mining industry, the company is able to ensure optimal operations and strategic growth. It's the professed goal of the leadership team to enhance shareholder value, a commitment they back up with consistent dividend returns and conscientious exploration work.
In conclusion, Gold Resource Corporation (GORO) is an esteemed mining company with an emphasis on profitable gold and silver operations. A combination of consistent production, strategic exploration, environmental consciousness, and a shareholder-centric approach sets GORO apart in the competitive mining industry.