It has been 2 years since AG has raised the dividend issue.
Several obstacles presented themselves between then and now.
With debt low and resource expansion easily funded with vastly improved cash flow, now would be a good time to resurrect the dividend.
If AG meets 2013 expansion from 12 million ounces to 16 million ounces by end of 2014, it might be a topic
to revisit. A company statement that a dividend is beings considered for 2014 is overdue. They can qualify the release with a conditional statement regarding adverse conditions involving the price of silver.
Due to silver prices which have declined and remained below 34.00 for many, many months FM did not want to start a dividend which may have not been secure. KN said when we start the divident we want to make it worth it for the shareholders.
I feel once Del Torro is completed a dividend would start in 2014 , maybe near the third, or fourth quarter. One caveat is that possible FM would instead do a share repurchase to improve earnings per share , that is always a possibility I guess.
Yeah I think no dividend is better. Its not like a divy does anything big anyway. It often gets priced in the stock after ex dividend. Might as well let them keep the cash and try to grow and improve shareholder value that way. At least until they become a major mining company with lots of dough to dish out in 5 years or something.