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Newmont Goldcorp Announces 14-Cent Quarterly Dividend

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Newmont Goldcorp Corp. (NYSE: NEM, TSX: NGT) reports that the board of directors has declared a quarterly dividend of 14 cents per share, payable on June 20 to shareholders of record at the close of business on June 6. This is the same as Newmont Mining Corp. paid in March. Newmont Goldcorp was created this month when Newmont completed the acquisition of Goldcorp. The company says future dividends will depend upon financial results, cash requirements, future prospects and other factors taken into consideration by the board.

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

 

Northern Star Resources: 1Q Production Dips, Improvement Expected

Wednesday April 24, 2019 08:28

Northern Star Resources Ltd. (ASX: NST) reports first-quarter gold production of 186,255 ounces, down from the prior two quarters, but officials expect a rebound in the current quarter. Officials report that progress toward a new mining method at Pogo was hindered during the quarter due to a delay in equipment delivery, with only five of the scheduled 16 pieces of underground mobile plant arriving during the quarter. The delivery of the remaining 11 units in the current quarter should result in improved productivity and efficiency, the company says. Pogo produced 39,750 ounces during the first quarter but this is expected to rise to 50,000 in the current quarter, Northern Star says. With progress expected at Pogo, Northern Star says it expects a record production of 235,000 to 260,000 ounces in the current quarter. Full-year guidance was maintained at 850,000 to 900,000 ounces.

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

 

Sandstorm Gold Reports Progress On Share Buyback Program

Wednesday April 24, 2019 08:28

Sandstorm Gold Ltd. (NYSE American: SAND, TSX: SSL) has bought a little more than one-third of the maximum shares under a previously announced share-buyback program. During the fourth quarter, officials announced plans to purchase up to 18.3 million shares. Since, the company says, it has purchased approximately 6.3 million shares, including 800,000 this month. “The actual number of common shares that may be purchased and the timing of such purchases will be determined by the company,” Sandstorm says. “Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors.” Meanwhile, Sandstorm says it has received its first silver delivery under the Cerro Moro stream agreement. This delivery of 300,000 ounces represented the maximum quarterly amount under the stream agreement. Cerro Moro is expected to produce 6 million silver ounces in 2019.

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.

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