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Base Resources highlights transition of Kenyan mining operations to the South Dune ore body

Base Resources (ASX:BSE) chief financial officer Kevin Balloch tells Proactive Investors that the transition of Kwale mining operations in Kenya to the South Dune ore body, is among the highlights of the company’s June 2019 quarterly activities report.

The African mineral sands producer continues to benefit from strengthening of rutile and ilmenite prices while zircon prices have stabilised.

FY19 production is reported as being in line with guidance.

Quick facts: Base Resources Limited

Price: 14.25 GBX

AIM:BSE
Market: AIM
Market Cap: £167.87 m
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Base Resources announces maiden dividend with effective yield of 14%

Base Resources Limited's (LON:BSE)(ASX:BSE) chief financial officer Kevin Balloch speaks to Proactive following the announcement of a maiden dividend alongside the release of its 2020 results this week. The maiden dividend of 3.5 cents per share implies a yield of around 14%. Base booked revenue...

3 weeks, 6 days ago

2 min read