Strong Gold Prices Power Newmont Mining's Best-Ever Quarter

Matthew DiLallo, The Motley Fool
·2-min read
Strong Gold Prices Power Newmont Mining's Best-Ever Quarter
Strong Gold Prices Power Newmont Mining's Best-Ever Quarter

Newmont Mining (NYSE: NEM) reported the best quarter in its history today, thanks to a 30% increase in its realized gold price. Under its unique dividend framework, it pays a base annual dividend of $1 per share ($0.25 per share each quarter), which it can sustain at a $1,200 gold price.