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News Breaks
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October 29, 2009
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| 07:12 EDT |  | LIHR |
| theflyonthewall.com: | Lihir Gold pays dividend, gives production update | | Lihir Gold Ltd is pleased to announce it is to commence paying dividends to shareholders, today announcing an interim distribution of US1.5 cents per share, payable November 30. The dividend has been made possible by increased production, rising cashflows, a healthy balance sheet and a positive outlook for future growth. The strength of LGL's position was evident in its third quarter production report, which showed year-to-date gold output for the group of 845,000 ounces and a significant 36% upgrade to the reserves at Lihir Island, to 28.8 million ounces. :theflyonthewall.com |
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