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Gold price link may double Newmont's dividend

Policy points at increased payout if gold price stays where it is for remainder of current quarter

Gold price link may double Newmont's dividend Gold price link may double Newmont's dividend Gold price link may double Newmont's dividend Gold price link may double Newmont's dividend Gold price link may double Newmont's dividend

Newmont Mining will soon bring the low-cost Merian mine in Suriname (pictured) and Long Canyon in the US, on stream

The policy recommends that up to US$1,300 per ounce, an annual dividend of 10c per share, or $0.025/share per quarter, should be paid. From $1,300-1,399/oz, a doubling of the dividend is recommended.

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