Alacer Gold Corporation
(ASX:AQG) directors have declared a special dividend for shareholders in connection with the sale of the company’s 49 per cent stake in the Frog’s Leg mine in Western Australia.
The special cash dividend of $US0.24 cents per share is payable on April 30, the payout will total $US70 million. Alacer sold its non-majority Frog’s Leg stake to La Mancha Resources for $138.5 million.
Following the sale of the non-core asset, Alacer continues to hold an 80 per cent interest in the Copler gold mine as well as 100 per cent stakes in the Higginsville and South Kalgoorlie gold operations.
Alacer gold reported a $329.7 million loss in its 2012 financial year.
