Precious Metals & Mining
Yesterday, after the US market close, Gold Resource Corp announced a 100% increase to their annual dividend. This follows the declaration of commercial production at their new Nevada gold mine earlier this month.
Gold Resource Corp are able to achieve this since they have zero debt. As a reminder, they financed the building of the mine with cash-flow from their Mexican mining operation and from the issue of approximately 8 million shares, representing only 13.8% equity dilution (since June 30, 2018).
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