Resolute Mining pays dividends in gold
The resurgent gold miner has hatched a novel plan for its payouts, in partnership with The Perth Mint.
It’s the ultimate golden handshake: resurgent gold miner Resolute Mining has hatched a novel plan that will allow its shareholders to receive their dividends in the form of actual gold.
Resolute, which mines gold in Africa and Queensland, announced this morning that investors with 5,000 Resolute shares or more can elect to be paid their dividend in gold through The Perth Mint.
Resolute managing director John Welborn described the policy as “unique”.
“I am particularly proud of this new innovative dividend policy which provides a unique opportunity for our shareholders, if they wish, to receive their dividend payments in gold,” he said in a statement.
“Our partnership with The Perth Mint is a perfect opportunity for investors who seek direct exposure to our underlying commodity.”
The strong gold price has helped drive a sharp recovery in Resolute’s fortunes this year, with the company earlier this month announcing a record profit of $213 million.
Its shares have climbed from 24c in January to $1.82 today, taking its market capitalisation past $1.1 billion.
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