I didn't see a cheque arrive in the mail.  Based on that logic, we had a negative dividend a few months ago of about 50 cents. 

Although I appreciate the growth argument, it seems times have changed and gold companies providing "growth only" are undervalued by "historic standards".  Regardless of the growth over the last few years, the SP continues to bounce between 2 and 3 dollars.  As I have mentioned previously, there is no value in growth only until this gold bull is over if you're not going to return some earnings in the form of dividends at some point.