TSX VENTURE EXCHANGE / JANUARY 20-24

摘要

The S&P/TSX Venture Composite Index fell 0.47% to 581.76 and spot gold finished at US$1,571.60 per oz., up US$14.90 per ounce. Abitibi Royalties posted the largest value gain, jumping $1.45 to $19.55 per share. The company's board of directors approved a 25% dividend increase from 12 cents to 15cents per common share on an annualized basis starting in April. The frequency of the payments will change from quarterly to monthly. The company also reported that it generated $2.1 million in total cash in the fourth quarter of 2019, with $999,000 coming from royalties on the open-pit portion contained within the company's 3% net smelter return royalty on the Canadian Malartic mine in Quebec. Royalties from the open-pit part of the mine started at the end of 2018. The company's core underground royalties at East Malartic and Odyssey are not in production. For the full year, Abitibi Royalties generated $5.3 million in cash. The company has no debt and only 12.52 million issued shares. As of Jan. 17, the company had $46.3 million in cash and investments.