Cadence Capital delivers strong September performance, boosted by gold mining investments

Cadence Capital Limited (CDM) delivered a gross performance of 6.2% in September, outperforming the All Ordinaries Accumulation Index by 6.7%. This strong showing contributed to an 8.7% gain for the first quarter, surpassing the index by 3.4%. Top contributors included gold mining companies such as Pantoro, Endeavor Mining, and Kingsgate Consolidated, which saw share price rises between 15% and 34% as the Australian dollar gold price climbed 11%.

The company announced a 3.0 cents per share final dividend, 50% franked, bringing the full-year dividend to 6.0 cents per share. This equates to an 8.8% yield or a 10.7% gross yield based on the share price of $0.68 on the announcement day. The ex-date for this dividend is October 15, 2025, with payment on October 31, 2025.

CDM is currently trading at a pre-tax NTA discount of approximately 20%, with its shares priced at $0.730 compared to a pre-tax NTA of $0.866 as of September 30, 2025. The company continues its buy-back program and encourages shareholders to participate in its Dividend Reinvestment Plan (DRP).