Gold miners fret about long-term supply even as they boost dividends [Yahoo! Finance News]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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Source: Yahoo! Finance News
By Jeff Lewis HOLLYWOOD, Fla., Feb 25 ) - Gold miners have largely been boosting dividends to appease long-suffering shareholders rather than funding fresh exploration projects needed to grow production, a strategy that executives are warning may pose long-term risk to the industry. The tension comes as gold prices are at the highest in seven years, near $1,650 an ounce, a surge in part fueled by a flight to safe-haven assets amid rising global concern about the coronavirus. That has propelled earnings and prompted Newmont Corp , Barrick Gold and others to hike dividends and share repurchases, which shareholders have been demanding for years. But miners say a dearth of new exploration poses an existential risk to the industry as falling ore grades push production costs higher. "If you start moving out a number of years, it'll be a challenge" for supply to keep up with demand, AngloGold Ashanti Ltd CEO Kelvin Dushinsky said Tuesday on the sidelines of the BMO Global Metals and Mining C
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NEM
News
- Newmont Q1 Earnings Preview: Rising costs, gold production in focus [Seeking Alpha]Seeking Alpha
- Atacama Resources International Appoints Three New Directors [Yahoo! Finance]Yahoo! Finance
- Goldshore Appoints Michael Henrichsen as Chief Executive Officer [Yahoo! Finance]Yahoo! Finance
- Newmont (NEM) to Report Q1 Earnings: What's in the Offing? [Yahoo! Finance]Yahoo! Finance
- West Red Lake Gold CEO Shane Williams: "Putting A Mine into Production is Something I've Done Before." [Yahoo! Finance]Yahoo! Finance
NEM
Earnings
- 2/22/24 - In-Line
NEM
Sec Filings
- 4/12/24 - Form DEFA14A
- 4/5/24 - Form DEFA14A
- 3/19/24 - Form 3
- NEM's page on the SEC website