PERTH (miningweekly.com) – ASX-listed Talisman Mining will be returning A$29-million in cash to shareholders, in the form of 15.62c a share, following the sale of its interest in the Springfield exploration and Monty mining joint venture (JV) last year.
Talisman sold its interest in the JV to partner Sandfire Mining last year for A$72.3-million in cash, and a 1% net smelter return royalty on any future discoveries at the project area.
Talisman on Friday said that on the completion of the capital return, the company would retain some A$13.4-million to fund active exploration programmes at its Lachlan copper/gold project and the Sinclair nickel project, in Western Australia.