Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Polymetal International plc announced today that the Board of Directors of the Company has resolved to pay an interim dividend of $ 0.17 per share for the six months ended 30 June 2018 representing 50% of the Group’s underlying net income for the H1 2018 and in compliance with the hard ceiling of Net debt/Adjusted EBITDA ratio.
This will bring the total dividend declared in 2018 to US$ 0.47 per ordinary share, or US$ 213 million and the dividend yield to 4.7% since the beginning of the year calculated based on an average share price in 2018.
Polymetal International plc is a leading precious metals mining group operating in Russia, Kazakhstan and Armenia listed on the London Stock Exchange and Moscow Stock Exchange. The company is a member of FTSE 250 и FTSE Gold Mines. Polymetal has a portfolio of eight producing gold and silver mines and an impressive pipeline of future growth projects.
Written with material from Polymetal International Plc
