Ann: First Gold Pour at Tropicana , page-5

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 73 Posts.
    EL,
    I would think a dividend of 20 per annum is achievable. At a gold price of $1300/oz and cash costs of $630/oz they should produce an annual cash profit of around $96M or 40c per share. This should comfortably cover further exploration, maybe a bit of debt reduction with plenty left over for the dividend. A dividend of 20c would also give a yield of about 5% - very high for a mining company so hopefully the share price will lift accordingly as the revenue stream consolidates. Am looking forward to a regular and solid dividend.
    I also liked Anglo's comment that Tropicana is a Tier 1 asset.
    Sirecho
 
watchlist Created with Sketch. Add AGG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.