Impact of Possible DividendMy analyses and that of the 2019 FS adjusted for about 25% reduction in operating costs including financing costs of a $52 million US loan for the Biox plant shows very robust free cash flows that should support a 1 cent CAD in annual dividend , distributed quarterly at a 50 % payout.
The impact on our market cap will be substantial based on what others in the sector pay in dividends...a rarity in this sector but then again not too many producers have such a pristine balance sheet.
https://www.boerse.de/gewichtung/NYSE-Arca-Gold-BUGS-HUI-Aktien/XC0009699965
(its german but you can use google translate - the data is well organised) Via the page you can view the relevant gold mining stocks listed in the HUI and their fundamental data. The dividend yield for 2022 is on average 1.5% - 2%.
Lets say 2% yield which means that MMY would trade at 50 times $0.01 = $0.50.