PERTH (miningweekly.com) – Metals miner Jupiter Mines has announced a final unfranked dividend of 2.5c a share, amounting to a 24% yield on its first year of listing.
“Jupiter continues to deliver healthy returns. The yield on distributions by Jupiter since the 2017 financial year are unprecedented in the mining industry, with the dividend yield for the 2019 financial year being approximately 24%,” said CEO Priyank Thapliyal.
“Over the last three years, A$300-million has been paid out to shareholders, equating to approximately 50% of Jupiter’s market capitalisation. This is very compelling considering Tshipi’s 100-year mine life,” he added.
The Tshipi manganese mine, in South Africa, exported some 3.34-million tonnes of manganese ore in the 2018 financial year, with the project having the flexibility to scale production between 3-million and 3.6-million tonnes a year.