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Newmont To Link Dividend to Gold Prices, Boost Output
Apr. 07, 2011 08:23AM PST
Precious Metals Investing
Reuters reported that Newmonth Gold (NYSE:NEM) intends to links it dividends to the price of gold, as well as increase production.
Reuters reported that Newmonth Gold (NYSE:NEM) intends to links it dividends to the price of gold, as well as increase production.
The market news is quoted as saying:
Under Newmont’s gold price-linked policy, dividend would be paid based on its average realized gold price for the preceding quarter. The annual payout, as a result, could rise 20 cents for each $100 an ounce increase in the realized gold price.
