The Gold Report

Gold Resource Corp. TICKER: GORO:NYSE.MKT; GORO:OTCBB; GIH:FSE Gold Resource Corp. is a mining company focused on production and on pursuing development of select high-grade gold and silver projects that feature low operating costs and produce high returns on capital. The company has 100% interest in six high-grade gold and silver properties in Oaxaca, Mexico. Gold Resource's flagship property, El Aguila, commenced commercial production July 1, 2010. The company began processing ore from its Arista underground polymetallic deposit in March 2011. Gold Resource has paid consecutive monthly dividends since declaring commercial production.

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

Michael Dudas, Sterne Agee (5/10/13) "Gold Resources Corp. beat our estimates on higher-than-expected sales as management drew down inventory during the quarter. . .management appears quite committed to increasing payout as precious metal prices and cash flows improve. Company shares provide unique value among small-cap mining equities. . .we believe Gold Resources' profile as a growing, low-cost primary precious metal producer, given its high-grade underground gold and silver deposit, remains achievable despite the recent pullback in metal prices."

Michael Dudas, Sterne Agee (4/29/13) "Gold Resource Corp.'s shares provide unique value among small-cap mining equities. . .considering market volatility, recent pullback in gold and silver prices and the company's construction capital needs, we support Gold Resource's decision to reduce monthly dividends in order to preserve liquidity. . .La Arista mine development and flotation mill expansion should help the company achieve production growth in 2014 and beyond. . .management appears quite committed to increasing payout as precious metal prices and cash flows improve."

Arie Goren, Seeking Alpha (4/22/13) "Gold Resource Corp. has no debt at all. . . the annual rate of dividend growth over the past 2.7 years was very high at 29.8%. . .and the company has 89% upside potential based on the consensus mean target price of $18. . .the upside potential, the rich dividend and the fact that the company consistently has raised dividend payments are all factors that make the stock quite attractive."

Jeremy Bowman, The Motley Fool (4/18/13) "Shares of Gold Resource Corp. were shining brighter today, gaining as much as 12% after it said that production is in line with expectations, and benefiting from a bullish wave pushing precious metals higher. . .in comparison with its peers, Gold Resource is one of the more shareholder-friendly stocks in its sector, with a 6.7% dividend yield and a record of returning more than $78M to shareholders in the last three years, nearly 16% of its current market cap. With a record like that, and shares down nearly 70% from last summer, this looks like a solid value play if gold prices come back."

Michael Dudas, Sterne Agee (3/21/13) "We believe Gold Resource Corp.'s profile as a growing, low-cost primary precious metal producer, given its high-grade underground gold and silver deposit , remains achievable and should allow valuation support as gold and silver prices recover. Its transformation from an exploration to a producing company has been successful, but at times uneven, not unusual for such a company. . .we believe the assets hold significant value relative to the current share price if management can execute the updated mine plan and infrastructure build."

Gold Resource Corp. Content

Fact Sheet (4/29/13)

Corporate Presentation (4/29/13)

Back to Top