Ann: Quarterly Activities Report, page-185

"Cash and bullion increased by $64 million during Q4, representing underlying cash generation of $67 million
for the quarter. Silver Lake ended the year with cash and bullion of $332 million (excluding $20.1 million
of gold in circuit and concentrate on hand at net realisable value) and no debt."

And STILL no effing dividend.
No wonder the stock just keeps trending downward over the last 2.5 years. Who wants to invest in a company like that has never paid a dividend? Certainly no institutional investors.