Gold Report: Newmont Mining Poised for growth in Gold Sector

Gold Silver Reports – Gold Report: Newmont Mining Poised for growth in Gold Sector — Newmont Mining Corp laid out plans Thursday for new projects to grow gold production and cut costs, while reporting market-beating profits and output forecasts that position it to take the title of world’s largest bullion producer in 2018.

Newmont, whose 2017 production slightly lagged industry leader Barrick Gold, boosted its 2018 capital budget by $300 million, to $1.2-$1.3 billion, after approving a power project at an Australian mine and expansion of a joint venture mine in Nevada.

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Chief Executive Gary Goldberg said Newmont’s efforts to attract a broader investor base, by sweetening its dividend and focusing on shareholder returns, is drawing increased interest from generalist investors. “We need to make ourselves more attractive, which I think we’ve done by upping our dividend yield,” he said.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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