Click Here for Illustrative Dividend Calculator.
In December 2022, Morien approved the reinstatement of its quarterly dividend payment.
As the Donkin Coal Mine scales up production, it is anticipated that quarterly dividends will be calculated in relation to cash flow available for distribution, having regard to the stability of cash flow and the need to maintain flexibility to secure new royalty assets.
From Q4 2017 to Q1 2020, Morien paid quarterly dividends of $0.0025 to $0.005 per common share. In Q2 2020, as a result of the Donkin Mine being placed on care and maintenance, Morien made the decision to suspend its quarterly dividend.
Dividend Calculator
Cautionary Statement
The Dividend Calculator below is for illustrative purposes only and contains future-oriented financial information and financial outlook information (collectively, “FOFI”) about prospective results, funds, and future development related to the idled Donkin Mine, all of which are subject to change based on numerous market and non-market factors. Morien has included the forward-looking statements and FOFI in order to provide readers with a more complete perspective on Morien’s future value proposition and future dividend potential and such information may not be appropriate for other purposes. Readers are cautioned that the assumptions used in the Dividend Calculator, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on FOFI and forward-looking statements.
| Donkin Coal Sale Price (USD $/tonne) |
$85 |
$60 |
|
$500 |
| Est. Transportation & Related Deductions (USD $/tonne) |
($10) |
|
|
|
| Net Coal Price (USD $/tonne) |
$ |
|
|
|
| USD / CAD Exchange Rate |
1.25 |
1.00 |
|
1.50 |
| Net Coal Price (CAD $/tonne) |
$ |
|
|
|
| Donkin Saleable Production (mln tonnes/year) |
2.0 |
0.5 |
|
3.00 |
| Royalty @ 2% / 4% (CAD $ mln) |
$ |
|
|
|
| G&A (CAD $ mln) |
($0.5) |
|
|
|
| Taxes at 31% (CAD $ mln) |
($) |
|
|
|
| Net After Tax (CAD $ mln) |
$ |
|
|
|
| Payout of Free Cash Flow (%) |
% |
50% |
|
90% |
| Total Dividend (CAD $ mln) |
$ |
|
|
|
| Morien Shares Outstanding (mln) |
50.5 |
|
|
|
|
|
|
|
|
| Estimated Annual Dividend Per Share |
$ |
|
|
|
