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Newmont reports best quarter ever, raises dividend by 60%

Oct 30, 2020

Source: https://www.mining.com/newmont-reports-best-quarter-ever-raises-dividend-by-60/

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Argentina’s Cerro Negro mine first gold pour. (Image: Newmont Goldcorp | Flickr.)

Driven by higher gold prices, Newmont reported record earnings and cash flow in the third quarter that allowed it to raise its dividend by 60% to 40¢ per share.

The company, which previously raised the dividend by 79% in January, says its annualized dividend of $1.60 per share is the highest in the gold sector.

Original Text (This is the original text for your reference.)

Argentina’s Cerro Negro mine first gold pour. (Image: Newmont Goldcorp | Flickr.)

Driven by higher gold prices, Newmont reported record earnings and cash flow in the third quarter that allowed it to raise its dividend by 60% to 40¢ per share.

The company, which previously raised the dividend by 79% in January, says its annualized dividend of $1.60 per share is the highest in the gold sector.

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