logo
powered-by-canningspurple
Navigation
logo powered-by-canningspurple
  • Insight
  • Companies
    • Aeris Resources
    • Altrad
    • Argonaut
    • Artemis Resources
    • BLK Auto
    • BMG Resources
    • Buru Energy
    • Catalyst Metals
    • ChemX Materials
    • Core Lithium
    • DDH1 Drilling
    • Dreadnought
    • FBR
    • Finbar
    • Focus Minerals
    • Gold Road Resources
    • Hastings Technology Metals
    • Hyzon Motors
    • Jupiter Mines
    • Lykos Metals
    • Mineral Resources
    • Northern Minerals
    • Northern Star
    • NRW Holdings
    • Paydirt
    • Rand Mining
    • Raven SR
    • Rox Resources
    • St George Mining
    • Sundance Resources
    • Torrens Mining
    • Tribune Mining
    • Vimy Resources
    • VRX Silica
    • Westgold Resources
    • Zenith Minerals
  • Industries
    • Broking Firm
    • Clean energy
    • Copper
    • Gold
    • Insight
    • Iron ore
    • Lithium
    • Manganese
    • Mining Services
    • Nickel
    • Oil & Gas
    • Property
    • Rare Earths
    • Silica Sand
    • Technology
    • Uranium
    • Zinc
  • Video
  • About
  • Contact
  • Subscribe

Home / Gold / Tribune Resources – Special Dividend of $3.50 per share delivers value to all shareholders

Tribune Mining

  • ASX: TBR
    • Au

Tribune Resources – Special Dividend of $3.50 per share delivers value to all shareholders

  • 20 September

Gold miner Tribune Resources (ASX: TBR) has responded to investor feedback by declaring a $3.50 a share special dividend, fully franked. The dividend is being funded by Tribune’s sale of its accummulated gold bullion holdings. The special dividend follows the payment of two smaller dividends since July last year by the company, which owns 36.75% of the East Kundana Joint Venture gold mining operation in the Goldfields.


  • Funded through the well‐timed sale of Tribune’s accumulated gold bullion holdings

  • Unlocks clear value for all Tribune shareholders

  • Leaves Tribune well‐funded to continue its profitable mining and exploration operations

  • Provides valuation clarity for investors with clear focus on Tribune’s participation in the East Kundana Joint Venture ( EKJV) with Northern Star Resources (ASX: NST) and Rand Mining Ltd (ASX: RND)

Tribune Resources Ltd (ASX: TBR) (Tribune or the Company) is pleased to announce the payment of a special dividend to all shareholders.

The board of independent directors, excluding managing director and substantial shareholder Anton Billis, has resolved to pay a dividend of $3.50 per share, fully franked. The key dates are as follows:

Ex‐dividend Date ‐ 27th September 2018

Record Date ‐ 26th September 2018

Payment Date ‐ 10th October 2018

Commenting on the special dividend declaration, Tribune Resources Independent Non‐Executive Director Gordon Sklenka said:

“The board’s decision to declare this special dividend comes after more than six months of discussion and deliberations and has factored in feedback from Tribune shareholders following our payment of a maiden dividend in July 2017 and another dividend in August 2018.

“We believe the time is right to share with all shareholders the tremendous value of gold bullion built up by the Company through its participation in the EKJV.

“To that end, we have organised for the Company to sell the gold that it has stored at The Perth Mint at prevailing market prices and pre‐pay the due tax to make available a fully franked distribution to all shareholders.

“Tribune shareholders have long been asking for more clarity around Tribune’s accumulated bullion holdings, and today’s announcement is an emphatic response that will benefit all shareholders and deliver transparent value.

“Following the payment of this special dividend, Tribune will remain well‐ funded to pursue its mining and exploration activities, including at EKJV.

The declaration of future dividends remains at the discretion of the Board and is subject to maintaining the Company’s primary priorities.

Tribune is finalising its financial report for the year to 30 June 2018. The accounts will make appropriate reference to this post‐balance date special dividend declaration.

View full announcement

Peter Klinger

  • Contact

Share

  • LinkedIn
  • Twitter
  • Facebook

Most Read

  • 1 November

Nickel, cobalt anomalies at Sockovac; large new gold, copper anomalies at Sinjakovo

  • ASX:LYK
    • Ni
    • Cu
  • 28 September

Core Lithium – Primero Group Awarded EPC Contract for Finniss DMS Plant

  • ASX: CXO
    • Li
    • Clean energy
  • Insight
  • 26 June

Picking winners – the portfolio approach that offers blue-sky potential

  • ASX: AIS
    • Clean energy
    • Cu

Related

  • Insight
  • 15 May

Battery, gold metals play Lykos gets serious with the drill bit

  • ASX:LYK
    • Clean energy
    • Broking Firm
  • 9 May

Dreadnought drilling complete at Illaara Project

  • ASX: DRE
    • Au
    • Cu
  • Insight
  • 9 May

Core, St George, BMG show value-creating grit across development timeline

  • ASX: CXO
    • II
    • Au
  • Insight
  • 7 May

Uranium, manganese dealt into gold and battery metals Diggers forum

  • ASX: HAS
    • Broking Firm
    • Clean energy

NEWSLETTER

Get news, as it happens

Sign up to receive our weekly roundup, and releases of interest, as they happen.

  • This field is for validation purposes and should be left unchanged.
logo

Investor Insight, powered by Cannings Purple, delivers the stories that matter to the people who matter – across your preferred communications platform.

From breaking news to analysis, opportunities and thought leadership, Investor Insight is your window into some of Australia’s most exciting listed and non-listed companies.

  • Insight
  • Companies
    • Aeris Resources
    • Altrad
    • Argonaut
    • Artemis Resources
    • BLK Auto
    • BMG Resources
    • Buru Energy
    • Catalyst Metals
    • ChemX Materials
    • Core Lithium
    • DDH1 Drilling
    • Dreadnought
    • FBR
    • Finbar
    • Focus Minerals
    • Gold Road Resources
    • Hastings Technology Metals
    • Hyzon Motors
    • Jupiter Mines
    • Lykos Metals
    • Mineral Resources
    • Northern Minerals
    • Northern Star
    • NRW Holdings
    • Paydirt
    • Rand Mining
    • Raven SR
    • Rox Resources
    • St George Mining
    • Sundance Resources
    • Torrens Mining
    • Tribune Mining
    • Vimy Resources
    • VRX Silica
    • Westgold Resources
    • Zenith Minerals
  • Industries
    • Broking Firm
    • Clean energy
    • Copper
    • Gold
    • Insight
    • Iron ore
    • Lithium
    • Manganese
    • Mining Services
    • Nickel
    • Oil & Gas
    • Property
    • Rare Earths
    • Silica Sand
    • Technology
    • Uranium
    • Zinc
  • Video
powered-by-canningspurple
  • About
  • Contact
  • Subscribe
  • Cannings Purple
  • Privacy Policy
  • Disclaimer

Copyright 2022 Cannings Purple