(Kitco News) - Christopher Ecclestone, principal and mining strategist at Hallgarten + Company, said gold companies should increase their dividend payments to shareholders as their margins increase due to the increasing gold price, which has grown about 20% this year.
This week Kitco correspondent Paul Harris recorded an episode of Digging Deep.
He applauded AngloGold Ashanti, which hiked its dividend from 4c a share to 22c after quintupling profits to $313 million for the six months to June 30. It been one of the best-performing gold stocks this year, up 55%. Of all the gold producers that have reported earnings, AngloGold is the only one that has increased its dividend.
Ecclestone also commented on Gold Fields s looking to option the Santa Cecilia copper-gold project in Chile from Torq Resources, funding for copper juniors now Filo is being bought by BHP, Glencore keeping its coal business, Arizona Sonoran Copper's PEA on its Cactus copper project in Arizona, and Patriot Battery Metals resource estimate for its Corvette lithium pegmatite project in the James Bay region of Quebec, renamed Shaakichiuwaanaan.
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