trending Market Intelligence /marketintelligence/en/news-insights/trending/Cz4lAGz7ryk1MYiUJn1Rrw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Stanmore declares interim dividend, to launch share buyback

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Stanmore declares interim dividend, to launch share buyback

Stanmore Coal Ltd. said Jan. 18 that it declared a fully franked interim dividend of 3 Australian cents per share, payable to shareholders on April 30.

The dividend distribution was declared after it revised its underlying EBITDA guidance for fiscal year 2019 to between A$140 million and A$155 million, based on a higher salable coal production guidance of 2.15 million tonnes from 2.0 million tonnes.

The Australian coal miner also said it will undertake an on-market share buyback of up to 10% of its ordinary shares, or approximately 25.3 million shares, over a period of 12 months, beginning on or about Feb. 4.

A 95-cents-per-share takeover offer from Golden Investments (Australia) Pte. Ltd. was previously rejected, as it "significantly undervalues" the company.