JOHANNESBURG (miningweekly.com) – The board of Aim-listed Highland Gold on Wednesday announced its dividend policy, which states that its total payout for each financial year will be 20% of net cash flow from operating activities.
The board may also recommend the distribution of additional cash on the balance sheet through increased or special dividends should those funds not be required for capital expenditure or debt repayment.
Highland produces gold at the Mnogovershinnoye and Belaya Gora mines, as well as polymetallic concentrate at Novoshirokinskoye in Russia.