Dividends
We paid our first dividend in June 2010 and announced a semi-annual dividend policy in early 2011. Later that year, we improved the dividend formula and made the policy more transparent. Dividends are now based on the ounces of gold produced and the gold price. For more information please see our press release of October 17, 2011.
We have a solid track record of delivering returns to our shareholders. 2012 dividends were 36% ($0.15/share) higher than those paid in 2011 ($0.11/share). And 2011 dividends increased 120% over 2010 levels ($0.05/share).
Dividend Schedule
| Record Date (Vancouver Time) |
Record Date (Sydney Time) |
Payment Date (Vancouver Time) |
Payment Date (Sydney Time) |
Dividend per Share* (C$ or equivalent in AUD$) |
|---|---|---|---|---|
| Jan 31, 2013 | N/A | Feb 14, 2013 | N/A | $0.07 |
| Aug 10, 2012 | Aug 11, 2012 | Aug 24, 2012 | Aug 27, 2012 | $0.06 |
| Jan 31, 2012 | Feb 01, 2012 | Feb 14, 2012 | Feb 15, 2012 | $0.09 |
| Aug 12, 2011 | Aug 13, 2011 | Aug 26, 2011 | Aug 29, 2011 | $0.06 |
| Feb 11, 2011 | Feb 12, 2011 | Feb 25, 2011 | Feb 28, 2011 | $0.05 |
| Jun 04, 2010 | Jun 05, 2010 | Jun 18, 2010 | Jun 19, 2010 | $0.05 |
*Dividend amounts are announced gross of tax. If you are a Canadian resident, you will be paid the full amount announced per share. If you are a non-resident, you will be subject to a 15% withholding tax as legislated by Revenue Canada. For advice on recouping this tax, please contact your tax advisor.
Please note: Payment of a dividend is subject to the approval of the Board of Directors and is dependent upon, among other things, the financial condition of and outlook for the Company, general business conditions, legal restrictions and the Company's cash flow and financing needs.
Questions?
Further dividend related questions? Please see our Frequently Asked Questions (FAQs)
Last update: Feb 7, 2013.
