• 2 days Silver Stocks Have Been Decimated In The Coronavirus Sell-Off
  • 3 days How Blockchain Tech Could Make Mergers And Acquisitions More Efficient
  • 3 days America’s Shortage Of This Metal Keeps Trump Up At Night
  • 3 days Bidet Bonanza: Defying The Toilet Paper Shortage
  • 4 days U.S. Auto Sales Fall By 75%
  • 4 days Violating Quarantine? Big Brother Is Watching
  • 5 days Does Gold Still Have Some Room To Run?
  • 5 days Major Acquisition Gives The World’s First Green Ride-Share Another Edge
  • 5 days U.S. Pushes For Digital Currency For Immediate Stimulus
  • 6 days The Impossible Challenges Created By Growing Population
  • 6 days Gold Skyrockets After Fed Pledges "Unlimited" Cash To Boost Economy
  • 6 days World’s Richest Lose $1 Trillion In Stock Market Rout
  • 7 days Gas Stations Shut Down In Venezuela As Coronavirus Crisis Intensifies
  • 7 days The Best And Worse Case Scenario For The U.S. Stock Market
  • 7 days 3 Industries Soaring During The Coronavirus Crisis
  • 8 days The Key To Commercial Hydrogen
  • 8 days Gold Still Beating Much Of The Market Despite Sell-Off
  • 9 days Gold Miners Struggle With COVID-19 Fallout
  • 10 days The Dollar Reigns Supreme In Times Of Crisis
  • 10 days The Most Exciting Green Startups To Watch In 2020
The Most Exciting Green Startups To Watch In 2020

The Most Exciting Green Startups To Watch In 2020

The sharing economy has already…

5 Stocks To Ride Out A Pandemic

5 Stocks To Ride Out A Pandemic

Earlier this week, stocks felt…

Mining.com

Mining.com

Mining.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

Contact Author

  1. Home
  2. Investing
  3. Stocks

Gold Major Looks To Hike Dividends By 79%

Gold Major Dividends

Newmont (NYSE: NEM) (TSX: NGT), the world’s No. 1 gold miner, said on Monday it would bump its annual dividend up 79%, effective in the first quarter of 2020, subject to board approval.

The increase brings the Greenwood Village, Colorado-based miner’s quarterly divvy to 25 cents per share and comes the same day gold prices surged to its highest since 2013.

The company also plans to continue to execute on its recently announced stock repurchase program for up to $1 billion of common equity.

Having merged with Goldcorp, completed a JV with Barrick in Nevada, and sold $1.4 billion in assets, Newmont’s focus for 2020 is delivering value on its remaining portfolio.

“We successfully completed two historic transactions in 2019, which have transformed Newmont into a truly international organization with an unmatched portfolio of assets and prospects in top-tier jurisdictions around the world,” Tom Palmer, president and chief executive officer said in a separate statement.

The gold giant, which is entering its centenary year in May of 2020, is also revamping its brand, name (is dropping Goldcorp) and logo, to reflect its leading position in the global market following last year’s deals.

The updated Newmont logo leverages the gold triangle from the previous one, the company said. The shape represents the apex of the industry and the pinnacle of leadership and was chosen to anchor strength and stability conveyed in the new logo.

(Click to enlarge)

By Mining.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment