This article is 9 years old. Images might not display.
The first dividend to be paid will equate to A1.7c per share, with the payment in gold option involving the Perth Mint.
The payment of dividends comes after all secured debt was repaid last financial year.
Revenue from gold sales last year totalled $A555 million, with 340,540 ounces produced.
As such Resolute will pay out a total of $11 million.
Resolute has guided towards gold sales in the current year of 325,000oz, and is currently aiming to produce more than 450,000ozpa in 3-4 years time.
Resolute joins a handful of other significant gold producers listed on the ASX paying dividends (both franked and unfranked), including Regis Resources’ $65 million (from production of 305,084oz in fiscal 2016), Northern Star Resources’ $36 million, and Evolution Mining’s $24-29 million – with the latter number taking into account Evolution’s dividend reinvestment plan.
Still, while Resolute’s payout doesn’t match those peers, few in the sector can match the African-Australian gold miner’s capital growth over the past 12 months.
