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Central Asia Metals shows confidence with divi pay-out says chief

Nick Clarke, chief executive of Central Asia Metals Ltd (LON:CAML) says by paying a dividend, the company is showing it has confidence in its “future production, future costs of production and the commodity price going forward”.

The company has now paid back more in dividends than it raised in its initial public offering, saying the milestone was “pretty unique”, adding that it gave the company “a strong following from the investment community”.

He spoke after the firm released 2015 results, which showed the company sold a record 12,040 tonnes of copper from its Kounrad project in Kazakhstan, to generate revenue of US$67.3mln.

 
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