LONDON (Alliance News) - Blackrock World Mining Trust PLC Thursday reported a 27% drop in its net asset value per share for 2013.
The investment trust held its final dividend at 14.00 pence per share for the year, as it reported a net asset value per share of 499.39 pence, down from 685.75 pence in 2012.
"Despite a generally improving economic environment, mining shares suffered poor
returns in 2013," the company said.
The company said against this backdrop, its net asset value per share declined 24.6% and its share price fell 17.5% over the twelve month period.
However, it said since the year end, the company's net asset value has returned 4.7% compared with a return of 5.1% in the benchmark index.
The trust's revenue return per share for the year amounted to 22.36 pence in 2013, compared with 21.78 pence in 2012.
Shares in the company closed Thursday at 512.00 pence per share, down 0.8%.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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BlackRock World Mining Trust plc (BRWM)