Because gold stocks have never been high dividends payers, and nor should they be.
Their earnings are too unpredictable due to fluctuations in gold price they have no control over and nobody can reliably predict. They also have high costs and need to spend lots of money hunting for more gold and developing new mines. It would be silly to have high payout ratios as it would leave too little money for hunting and development, as well as the years where price of gold is not much higher than the cost of digging it up ( currently about $ 1000 per ounce.
NST so far has managed all these challenges extremely well, far better than the rest.
Ann: Half Year Results Presentation, page-11
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$16.59 |
Change
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Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $16.86 | $17.00 | $16.11 | $109.2M | 6.624M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13548 | $16.57 |
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| Price($) | Vol. | No. |
|---|---|---|
| $16.60 | 5973 | 6 |
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