Echo Bay Mines pays dividend

Echo Bay Mines has declared an increased semi-annual dividend of 35 cents (US) per common share, payable on Dec 31 to shareholders of record on Dec 15.

According to Echo Bay, the previous semi-annual dividend was paid in Canadian dollars on June 30 and was equivalent to 35 cents per common share adjusted for the July 14 two-for-one share split.

Echo Bay says the dividend payment to Canadian shareholders will be made in the Canadian dollar equivalent at Dec 15 Bank of Canada noon exchange rate,