Australian Stock Exchange-listed gold miner Resolute Mining has announced
that shareholders with more than 5,000 shares may choose to receive their
dividend payments in gold.
The company's innovative dividend policy has been achieved through a
partnership with the Western Australia State-owned Perth Mint, the integrated
precious metal refining and coining business which also operates the only
government guaranteed bullion investment and storage program in the world.
Eligible Resolute shareholders who opt to receive dividends in gold will
have physical gold accredited to a Perth Mint Depository Online
Account established in their name.
Depository Online is a recent extension of the Mint's traditional
Depository Program, which currently holds $3 billion worth of client metal in
high-security vaults. Operational 24/7 via a secure online trading platform,
the new service enables account holders to buy and sell gold, silver or
platinum at any time, with the reassurance that all metal holdings are in the
Mint's safe-keeping.
CEO of The Perth Mint, Richard Hayes (left) with Resolute's Managing
Director and CEO, John Welborn.
Resolute's Managing Director and CEO, John Welborn said the company's new
dividend policy provided a perfect opportunity for investors who seek direct
exposure to our underlying commodity.
Describing Resolute's initiative as bold and unique, CEO of The Perth
Mint, Richard Hayes commented: "Innovation is a key driver in
our business and we are delighted to partner with one of our most successful
long term clients to provide them with these facilities."
Resolute today announced it will pay a dividend of 1.7 cents per share
after achieving a record profit of $213 million.
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