Metal Tiger PLC (AIM:MTR), an investor in natural resources, welcomed a record dividend payout announcement by investee Sandfire Resources Ltd.
Australian mining and exploration company Sandfire today posted a record net profit for the year to end June 2021, helped by strong copper prices, and declared a A$0.26 (£0.14) dividend per share.
Metal Tiger holds 6.14 million Sandfire shares, giving it a stake of about 3.4%.
Earlier today, Metal Tiger posted a 35% gain in its net asset value as of end June 2021 as it reported its interim results.
READ: Metal Tiger posts 35% gain in interim net asset value, says very confident for future