Mincor pays dividend despite loss

NICKEL miner Mincor Resources has maintained its unbroken record of dividend payments despite reporting a full-year net loss after operational setbacks at its Kambalda operations flowed through to the bottom line.

By InvestSMART ·
19 Aug 2011

Thanks for reading our articles.

Looking for more...

Free InvestSMART Membership

Investment Newsletter

Fortnightly

Fund portfolio updates

Monthly

Investor Pack

Email PDF

Special Report on Fees

Email PDF

Please check the following:

{{x.value}}

× {{ successMessage }}

Free Membership Premium 15 Day Free Trial

Get access to Insights, Tools & Portfolio Manager Create a Premium account, and enjoy 15 day free trial, with unlimited access to all our research & services.

Free Membership Thanks for your download request

Free Membership

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter your SMS code' }}

A text message with your verification code was just sent to {{user.DayPhone}}

We cannot send you a code via SMS to {{user.DayPhone}}

Hi {{ user.FirstName }}, please provide your mobile number.

{{ content.trialHeading.replace('{0}', user.FirstName) }}

We'll send you a text message with a verification code to start your free {{ '0' == '1' ? 'Eureka Report' : 'Intelligent Investor' }} 15-day trial.

{{ content.upgradeHeading.replace('{0}', user.FirstName) }}

The email address you entered is registered with InvestSMART

Please login to continue

Thank you

We have sent you an email with the details of your registration.

Email is required.

Email must be a valid email.

Password is required.

First name is required.

Last name is required.

Mobile phone number is required.

Mobile phone number is invalid.

I have read the Financial Services Guide, Privacy Policy, and agree to the Terms & Conditions.

You must accept the terms and conditions.

No thanks, sign up later.

Looks you are already a member. Please enter your password to proceed

You have entered an incorrect email or password

Email is required.

Email must be a valid email.

Password is required.

Remember me

Please untick this box when using a public or shared device

Not a member? Sign up

Forgotten password? Click here

Updating information

Please wait ...

Your membership to InvestSMART Group recently failed to renew.

Please make sure your payment details are up to date to continue your membership.

Having trouble renewing?

Please contact Member Services on support@investsmart.com.au or 1300 880 160

You've recently updated your payment details.

It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.

If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.

Still having trouble viewing content?

Please contact Member Services on support@investsmart.com.au or 1300 880 160

Please click on the ACTIVATE button to activate your Eureka Report 15-day free trial

Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial

Please click on the ACTIVATE button to finalise your membership

You have entered an incorrect email or password

Email is required.

Email must be a valid email.

Password is required.

Remember me

Please untick this box when using a public or shared device

Not a member? Sign up

Forgotten password? Click here

Upgrade Today

Card Details Edit

Compare our membership packages.

Unsuccessful registration

Registration for this event is available only to Eureka Report members. View our membership page for more information.

Registration for this event is available only to Intelligent Investor members. View our membership page for more information.

You are already registered for this event.

This event is already full.

Please select a quantity for at least one ticket.

{{ i }}

Forgotten password

Please enter your email address below to request a new password

Congratulations!

You now have access to Free InvestSMART Insights, we look forward to helping you on your financial journey.

You now have access to Free Eureka Report Insights. We look forward to helping you on your financial journey.

You now have access to Intelligent Investor Free Insights. We look forward to helping you build a market beating stock portfolio.

Looking for more…

Intelligent Investor Membership

15-day Free Trial

Indepth analysis of ASX listed shares
BUY, Hold and Sell Recommendations
Ideas Lab
Special Reports

No thanks

Looking for more…

Eureka Report Membership

15-day Free Trial

Alan Kohler’s Weekend Briefing
Interviews with CEO’s & top influencers
Money Cafe and Talking Finance
Super Advice and Q&A with Ask Alan

No thanks

NICKEL miner Mincor Resources has maintained its unbroken record of dividend payments despite reporting a full-year net loss after operational setbacks at its Kambalda operations flowed through to the bottom line.

The company booked a net loss for the 2010-11 financial year of $23.4 million, in line with guidance and down from a $28.1 million net profit for the prior year.

The loss was driven by $9.9 million in written-off exploration costs and $25 million in non-cash impairment charges, the Perth-based miner said in a statement yesterday. "This represents only the second loss in Mincor's 10-year mining history."

The company said the declaration of a 2? per share fully franked final dividend reflected its confidence that operational difficulties during the previous financial year were behind it. The final dividend brought the full-year payout to 4? a share.

Mincor pays dividend despite loss

NICKEL miner Mincor Resources has maintained its unbroken record of dividend payments despite reporting a full-year net loss after operational setbacks at its Kambalda operations flowed through to the bottom line.

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter your SMS code' }}

Hi {{ user.FirstName }}, please provide your mobile number.

{{ content.trialHeading.replace('{0}', user.FirstName) }}

{{ content.upgradeHeading.replace('{0}', user.FirstName) }}

Updating information

Please wait ...

Your membership to InvestSMART Group recently failed to renew.

You've recently updated your payment details.

Please click on the ACTIVATE button to activate your Eureka Report 15-day free trial

Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial

Please click on the ACTIVATE button to finalise your membership

Unsuccessful registration

Forgotten password

Join the Conversation...

We're here to help