Chalice to return cash to shareholders

CHALICE Gold Mines has vowed to return some of its substantial cash balance to shareholders, rather than acquire another project.

Chalice to return cash to shareholders Chalice to return cash to shareholders Chalice to return cash to shareholders Chalice to return cash to shareholders Chalice to return cash to shareholders

Chalice's Pyramid Hill project in Victoria

The company will seek shareholder approval to return up to A4c per share (around $10.7 million) to shareholders, following a review.