Finance > Profit-loss

Newmont's dividend plan

Newmont Mining (US: NEM) is abandoning its gold price-linked dividend policy for a more traditional model, and plans to boost the payout by at least 50% in 2018.

Cameron French in Toronto

Finance > Profit-loss

Newmont's dividend plan

Newmont Mining (US: NEM) is abandoning its gold price-linked dividend policy for a more traditional model, and plans to boost the payout by at least 50% in 2018.

Cameron French in Toronto

Newmont's dividend plan

The US miner revealed the new plan as it raised its production guidance for next year to 4.9-5.4 million ounces of gold from 4.7-5.2Moz and narrowed its all-in sustaining cost outlook to US$965-$1,025/oz from $950-$1,050/oz. Production should remain at that level through 2019 and then ease to 4.6-5.1Moz through 2022.