With Gold Up, Miners Face Payouts Versus Production Dilemma [Yahoo! Finance News]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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Source: Yahoo! Finance News
) -- As gold prices rise, miners have been boosting shareholder payouts in the face of a decline in global output. That’s worrying some investors concerned about the longterm growth prospects of an industry built on a depleting resource. The value of gold, a haven commodity, is driven more by global economics than supply and demand. It’s soaring toward $1,700 an ounce now on fear the coronavirus will harm growth. Any unexpected event -- from a surprising cure for the virus to a positive trade deal -- could drop the value significantly. High prices put more gold scrap on the market, low ones boost hoarding and, if miner output remains static, so should profits. Increasingly, investors are split between their wish for higher dividends in the short run and the need to assure company stability over the long term. Finding the “best of both worlds” in allocating the rising cash pile is key for the future of the industry, according to Josh Wolfson, an analyst at RBC Capital . “Miners in gene
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NEM
News
- Newmont: Redemption Has Finally Arrived [Seeking Alpha]Seeking Alpha
- Newmont appoints Francois Hardy as chief technology officer [Seeking Alpha]Seeking Alpha
- Newmont Appoints Mining Industry Veteran Francois Hardy as Chief Technology Officer [Yahoo! Finance]Yahoo! Finance
- Newmont Appoints Mining Industry Veteran Francois Hardy as Chief Technology OfficerBusiness Wire
- Awalé Announces Update for Shareholder Participation Right [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