Anglo Asian Mining announce a final dividend of $0.035

DividendMax Ltd.

Anglo Asian Mining announce a final dividend of $0.035

The Anglo Asian Mining board is to recommend a final dividend of US 3.5 cents per share for 2021 which gives a total dividend for the year of US 8.0 cents per share. This will maintain the dividend (excluding the special dividend in 2020 of US 1.5 cents per share) at the same amount as in 2020. The board believes this is prudent, despite the lower profitability in 2021, given the Company's current cash resources. This will be the fourth consecutive year that the Company has paid a dividend.

Other financial highlights include: 

Revenues of $92.5 million (2020: $102.1 million)

Profit before taxation of $12.6 million (2020: $35.7 million)

Operating cash flow before movements in working capital of $29.3 million (2020: $52.8 million)

Cash of $37.5 million at 31 December 2021 (31 December 2020: $38.8 million)

o $2.2 million investment in Libero Copper & Gold Corporation in December 2021

All in sustaining cost ("AISC") of gold production increased to $843 per ounce (2020: $702 per ounce) due to lower production and cost inflation experienced during the year

Companies mentioned