Make Kitco Your Homepage

Barrick Gold, Newmont Maintain Quarterly Dividends

Kitco News

The world’s two largest gold-mining companies have announced dividends that are the same as after the prior quarter. Barrick Gold Corp. (NYSE, TSX: ABX), which reported first-quarter earnings on Monday, announces that its board of directors declared a dividend of 3 cents per share, payable on June 15 to shareholders of record at the close of business on May 31. Newmont Mining Corp. (NYSE: NEM), which is scheduled to report first-quarter earnings on Thursday, announces a quarterly dividend of 14 cents per share, payable on June 21 to shareholders of record as of June 7. While the dividend is the same as the one paid after the fourth quarter, the company notes the per-share payout is also nearly three times higher than the one declared for the same quarter a year ago.

By Allen Sykora of Kitco News; asykora@kitco.com

 

Equinox Reports Start Of Mining At Aurizona Gold Mine

Wednesday April 25, 2018 08:48

Equinox Gold Corp. (TSXV: EQX) reports that mining has begun in the Piaba deposit at the Aurizona Gold Mine in Brazil, with the first gold pour expected late in the year. The company says the mining contractor, U&M Mineração e Construção S/A, mobilized to the site in March and mining began in mid-April. U&M has filled most of the planned 200 operator and support positions. U&M is operating two shifts a day and at the start of June will implement a third shift to mine 24 hours a day, seven days a week, Equinox says. “The project remains on track to pour gold by the end of 2018,” says Christian Milau, chief executive officer of Equinox Gold. “Aurizona will be Equinox Gold’s first operating mine and is expected to produce on average 136,000 ounces of gold per year over the life of the mine. While the Aurizona operations team is focused on achieving production, Equinox Gold’s exploration team is focused on mine-life extension and district-scale opportunities. A resource update is underway incorporating near-mine mineralization identified in the successful 2017 exploration program.”

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News