Newmont Goldcorp (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.
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 and completed a JV with Barrick in Nevada, and then sold $1.4 billion in assets, Newmont’s focus for 2020 is delivering value on the remaining portfolio.
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.
“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 updated Newmont logo leverages the gold triangle from the previous design — which represents the apex of the industry and the pinnacle of leadership — to anchor the strength and stability conveyed by the new logo.
More to come…
from MINING.COM https://ift.tt/2QsAJ2N
Aucun commentaire:
Enregistrer un commentaire