If You Don't Pay a Dividend, You're Not in Business (Tony Kiernan)

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Tony Kiernan has chaired more WA miners into the big leagues than just about anyone. He was founding chair of BC Iron when it listed at around $12m, chaired Pilbara Minerals from lithium hopeful to the ASX 50, chaired Saracen through the Super Pit deal and Northern Star merger, and has chaired Genesis from about $330m to a gold producer worth more than $8B+. He's a former lawyer from a trucking family, and his father's line stuck: "If you don't pay a dividend, you're not in business, son." Decades of shareholder letters show a philosophy that has barely moved. We wanted to understand how he does it. Tony covers: • The three rules he gives anyone trying to make it in mining• Why cash in the…