At the time of writing, the Rand Mining share price is down 2.58% to $1.51 cents per share.

Rand Mining's focus is gold mineralisation, and the exploration, development and production activities at East Kundana Joint Venture tenements. Kundana is an abandoned former mining town in Western Australia, in the Esperance Goldfield region. Let's take a look at its most recent results.

Rand Mining's recent Kundana results

The first thing you'll realise is Rand Mining has a certain inventive sense of adventure when naming its exploration and drilling program prospects.

The first set of results the company released covers its Star Trek, Rubicon and Hera areas, and the second covers its Hornet-Pegasus-Falcon exploration regions. The company's update also provided positive reports around its Pode drilling area.

Rand Mining discovered gold mineralisation from 1.6 g/t AU at 234 metres deep to 9.7 g/t AU from 162 to 168 metres deep at Hornet. Assays also revealed mineralisation from 2.5 g/t AU at 52 metres deep to 8.6 g/t AU at 46 metres deep in Star Trek.

Rand Mining said the company's drilling at 10 targets at its Pode structure "returned intercept results with significant gold mineralisation during the quarter."

Most of the company's drilling holes in its Pode area intercepted two or more stacked lode structures, which are ore deposits within the rock layers that often contain rich mineral deposits, in this case gold.

Rand Mining also noted its plans for the future will focus on the company's Pode, Hera, Rubicon and Star Trek.

Exploration drilling during the next quarter will continue to test the southern extents of the Pode and Hera structures following on from the recent results. Further exploration drilling targeting the Rubicon hanging wall and Startrek prospect will recommence towards the end of the quarter.

Rand Mining share price snapshot

The Rand Mining share price has been tumbling over the past 12 months and is down across every time span metric: 6% this past week, 1.9% the past month, 16% in 2021 so far and 17% over the past year.

The post Why is the Rand Mining (ASX:RND) share price falling today? appeared first on The Motley Fool Australia.

ASX dividends in mining

Rand Mining Ltd (ASX: RND) is a multi operation gold mining company in Western Australia. The company specialises in gold exploration and development. Nonetheless, it also owns 12.25% of the East Kanowna Joint Venture with other ASX shares Northern Star Resources Ltd (ASX: NST) and Tribune Resources Ltd (ASX: TBR). During the first quarter FY21, Rand received 4,687 oz of gold as part of this deal.

The company is paying an ASX dividend of 10 cents, which at today's price is a dividend yield of 4.22% for this payment alone. Rand goes ex-dividend on 11 November. Grossed up, including the tax already paid, this ASX dividend would be 13 cents, or a yield of 5.4%.

Investment company

WAM Capital Limited (ASX: WAM) is an investment company paying a final ASX dividend of 7.8 cents. On today's price that is a yield of 3.43% for this payment only. At the time of writing, the company has a trailing 12 month dividend yield of 6.86%. WAM is currently involved in two takeovers on the ASX. The first involves the Concentrated Leaders Fund Ltd (ASX: CLF) of which WAM now holds 24.63%. The second is the Contango Income Generator Ltd (ASX: CIE), of which WAM now owns 41.31%. These two issues are still playing out.

WAM Capital goes ex-dividend on 27 November. Grossed up, this ASX dividend would be worth 10.1 cents, or 4.47%.

ASX manufacturing

Joyce Corporation Ltd (ASX: JYC) recently increased its dividend from 2.7 cents to 5 cents per share, increased on 30 October. This has been attributed to the success of cash management initiatives. The company increased its annual revenues by 4% and partner sales by 10.1%. This has led to an increase in earnings per share (EPS) of 35%. In fact, the company closed the year out with 52.6% more cash.

The house furnishings company owns brands like Bedshed and Kitchen Connection. Through FY20, the company has focused on increasing efficiency. Specifically through portfolio rationalisation, process improvement, and systems improvement.

Joyce is paying a dividend of 5 cents per share, which is a yield on this payment alone of 3.23%. Grossed up, this ASX dividend would be worth 4.19%. 

Editor's note: an earlier version of this article listed an outdated figure for WAM Capital's shareholding in Contango Income Generator. This was updated for accuracy on 3 November 2020.

The post 3 100% franked ASX dividend shares going ex-dividend in November appeared first on The Motley Fool Australia.