Gold miner minting gold & silver coins - to pay dividends in kind!Submitted by Mark Twain on Thu, 08/18/2011 - 13:28
Gold miner minting its own gold and silver coins - looking to pay dividends in kind! Maverick U.S. based gold miner, Gold Resource Corporation (Amex Ticker: GORO), with operations in Mexico, has announced it is minting its own gold and silver coins and holding part of its treasury in precious metals.
Junior, U.S-headquartered gold miner, Gold Resource Corporation (GRC; Amex: GORO) has ... some of its in-house treasury in physical gold and silver rather than cash in a move that will undoubtedly further increase its appeal to the gold-owning fraternity..
In reporting strong second quarter figures which have seen new production, revenue and dividend payout records, the company's board has announced that it has approved the company minting approximately US $1 million worth of its own one ounce gold and silver coins.