Make Kitco Your Homepage

Newmont Increases Quarterly Dividend To 14 Cents Per Share

Kitco News

Newmont Mining Corp. (NYSE: NEM) reports that the board of directors has declared an increase in the fourth-quarter dividend to 14 cents per share, payable on March 22 to shareholders of record at the close of business on March 8. “We’re pleased to announce that we have raised our dividend to nearly three times higher than the prior-year quarter,” says Gary J. Goldberg, president and chief executive officer. “This increase reflects our strong balance sheet and steady long-term production profile – and our equally strong conviction that we can continue to generate superior returns while investing in the next generation of Newmont mines.” The third-quarter dividend was 7.5 cents per share.

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

 

Superior Gold Looks For Higher Output In 2018

Tuesday February 20, 2018 09:04

Superior Gold Inc. (TSXV: SGI) looks for 2018 gold output of between 100,000 and 110,000 ounces after 2017 production of 80,143, including 20,029 in the fourth quarter. “The detailed production results highlight the strong operating performance achieved during the company’s first full year of operations at the Plutonic Gold Mine, during which we exceeded our annual 2017 production guidance of 75-80,000 ounces of gold,” says Chris Bradbrook, president and chief executive officer. The mine is located in Western Australia. “Of particular significance was the marked increase in recoveries to 84% in the fourth quarter in comparison to the average recovery of 78% in the first nine months of 2017,” the CEO says. “It is important to note that this increase in recoveries was achieved without the anticipated benefit from the gravity circuit which will be constructed during the first six months of 2018. Also during the quarter, a significant milestone was reached at Hermes, where initial processing of mineralization commenced on schedule. Commercial production is expected in the first quarter of 2018.”

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

 

Osisko Reports Record Gold-Equivalent Ounces, Adjusted Profit

Tuesday February 20, 2018 09:04

Osisko Gold Royalties Ltd. (TSX, NYSE: OR) reports a fourth-quarter net loss but an adjusted profit. The company lists record quarterly gold-equivalent ounces of 20,990, a 134% increase compared to the fourth quarter of 2016. The net loss was C$64.3 million, or 41 Canadian cents per basic share, reflecting an impairment charge of C$89 million on the Éléonore royalty interest (C$65.4 million after income taxes). This compares to net earnings of C$8.7 million, or 8 Canadian cents per share, in the year-ago period. Adjusted earnings were C$1 million, or a Canadian penny per share, compared to C$6.9 million, or 7 Canadian cents, a year ago. For full-year 2017, the company reports a record 58,933 gold-equivalent ounces, a year-on-year increase of 54%. The full-year net loss was C$42.5 million, or 33 Canadian cents per share, compared to C$42.1 million, or 40 Canadian cents, in 2016. Adjusted earnings were C $22.7 million, or 18 Canadian cents, compared to C$34.2 million, or 33 Canadian cents, in 2016.

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