Boston, MA 07/16/2013 (wallstreetpr) – Gold Resource Corporation (NYSEMKT:GORO) reported that it has received the Form 144 from the US Securities and Exchange Commission. The form indicated that the largest shareholder, Hochschild Mining Holdings Ltd, sold 3.4 million shares. Hochschild Mining Holdings Ltd returned $85 million to its shareholders as monthly dividends. The company is offering to the shareholders the option of converting the cash which is being given to them into gold or silver.
According to rule 144, there are certain rules and regulations the shareholders need to abide by. The shareholders have to hold the stock for a specified period of time before the stocks are sold. Shareholders who hold more than 10% of the total outstanding shares of the company are subject to stricter laws. According to law, the shares of the company cannot be sold every three months. The 3.4 million shares by Hochschild Mining Holdings Ltd are thus supposed to be the maximum number of shares that could be withdrawn within a period of 90 days.
Gold Resource Corporation (NYSEMKT:GORO) has discovered a new zone where it can excavate gold and silver. The company has discovered gold and silver in the northeastern part of the Arista deposit, that includes 2.2 meters of 12.91 gold per ton, as well as 410 tons of silver has. The company is considered the lowest cost gold producer in the Mexico.
Gold Resource Corporation (NYSEMKT:GORO)
Gold Resource Corporation (NYSEMKT:GORO) is a mining company dealing with mining of gold and silver with the lowest cost of operation, achieving high returns on capital. The company has 53,279,369 shares in the market with no debts or warrants.
