Resolute Mining to pay dividends in gold bullion

Section:

By Tess Ingram
Australian Financial Review, Sydney
Tuesday, August 30, 2016

Shareholders in Resolute Mining will have the option of collecting dividend payments in gold bullion, under a new policy believed to be the first of its kind in the world.

The gold miner announced today that it would resume dividend payments, declaring a 1.7-cent per share final dividend for the 2016 financial year under a new gold sales-linked dividend policy.

Resolute, which has not paid consistent dividends since the late 1990s, joined a group of local gold miners reinstating or raising dividends amid the best conditions the sector has enjoyed in recent years.

But with a twist.

Shareholders who hold 5,000 or more shares in the company can elect to receive dividends in gold bullion paid into a personal account held with The Perth Mint.

It is a first for The Perth Mint and Resolute Managing Director John Welborn said he believes it is the first time a gold company has ever offered the option. ...

... For the remainder of the report:

http://www.afr.com/business/mining/gold/resolute-mining-to-pay-dividends...



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