BlackRock World Mining Trust announces dividend payment date correction

LONDON - BlackRock World Mining Trust plc (LSE:BRWM) announced Wednesday that the payment date for its second quarterly dividend of 5.50 pence per share has been corrected to October 3, 2025, instead of September 26, 2025, as previously stated.

The company reported a net asset value (NAV) per share of 540.48 pence as of June 30, 2025, representing an 8.2% increase during the first half of the year. The share price rose 12.5% over the same period, outperforming the reference index which returned 9.5%.

Total revenue for the six-month period amounted to £26.9 million, down from £28 million in the same period last year. Net revenue profit after taxation was £21.3 million, a 6.7% decrease from the previous year.

The trust’s portfolio benefited significantly from exposure to precious metals, particularly gold, which reached new all-time highs during the period. Copper and industrial metals also performed well, while bulk commodities such as iron ore and coal faced headwinds.

"The first half of 2025 continued to be shaped by significant volatility across global markets," said Charles Goodyear, Chairman of BlackRock World Mining Trust. "For the mining sector, performance was mixed."

The company maintained its gearing at 6.9% as of June 30, down from 12% at the beginning of the year, reflecting a more cautious outlook given concerns over potential US tariffs and China’s economic growth.

The board has declared a second quarterly interim dividend of 5.50 pence per share for the quarter ended June 30, 2025, with shareholders on the register as of September 12, 2025 eligible for the payment.

According to the statement based on a press release, the company repurchased 3,635,000 shares during the period, representing 1.9% of issued share capital, at an average price of 479.28 pence per share.

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