CAPITAL MARKETS

Regis cuts dividend

REGIS Resources has made a “prudent” decision to cut its interim dividend given the fall in the gold price and potential upcoming capital investment in the McPhillamys development in New South Wales.

 Current gold price outlook a little less bright for the likes of gold miner Regis

Current gold price outlook a little less bright for the likes of gold miner Regis

The interim dividend has been cut from 8c per share a year ago to 4c, with cash and bullion at December 30 standing at $220 million.  The 4c per share equates to circa-$20 million in total.  ...

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