Yes HB, They will be in a position to make that choice from the 3 options but with Capital expenses down on the other fronts they will be in a position to use option 1. Cash from the Company treasury as well as cash provided from daily Mexico operations
GORO As a long term, investment, here is one of the things that motivates me. They have made a commitment to shareholders that they will pay 1/3 of their earnings back to shareholders. This makes sense and is believable to me for 2 reasons.
1) Their track record. They were paying a sector leading yield for several quarters
2) Insiders own a lot of shares, therefore they have a lot of motivation to be fiscally conservative and pay out divys.
Now if they paid .72 in a year before, why cant they pay more once they are in that position. More ounces of production and higher gold prices. $1/share in divys will pay you 25% yield on your cost basis for the shares you buy today near $4. When their profits/divys go up, I think GORO will rocket
News 
Market Data 
Discover 
