New Murchison Gold Ltd Announces Maiden Dividend
Key points
- Maiden fully franked dividend declared
- Dividend of 0.25 cents per share
- Total dividend payment of approximately $27 million
Full summary
New Murchison Gold Ltd (ASX: NMG) announced a maiden fully franked dividend of 0.25 cents per share, totaling approximately $27 million, following a strong financial performance in the transitional nine-month period to 30 June 2026. The company reported a net profit after tax of $146,951,000, generating $195,198,000 from operating activities, with cash and cash equivalents of $201,730,000 and net assets of $208,680,000. The dividend represents 15% of the free cash flow generated during the transitional period. The Board of Directors has resolved to pay the dividend, which is expected to be paid on 26 November 2026, subject to the record date of 9 November 2026.
Guidance
Net Profit after tax of $146,951,000 for the transitional nine-month period to 30 June 2026
Outlook
The company is positioned for growth following the strong performance at Crown Prince, with continued investment in the Cloudkicker open pit gold mine and exploration activities.
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