Newmont Increases Quarterly Dividend To 14 Cents Per Share
Newmont MiningCorp. (NYSE: NEM)reports that the board of directors has declared an increase in thefourth-quarter dividend to 14 cents per share, payable on March 22 toshareholders of record at the close of business on March 8. “We’re pleased toannounce that we have raised our dividend to nearly three times higher than theprior-year quarter,” says Gary J. Goldberg, president and chief executiveofficer. “This increase reflects our strong balance sheet and steady long-termproduction profile - and our equally strong conviction that we can continue togenerate superior returns while investing in the next generation of Newmontmines.” The third-quarter dividend was 7.5 cents per share.
By Allen Sykoraof Kitco News; asykora@kitco.com
Superior Gold Looks For Higher Output In2018
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 2017production of 80,143, including 20,029 in the fourth quarter. “The detailedproduction results highlight the strong operating performance achieved duringthe company’s first full year of operations at the Plutonic Gold Mine, duringwhich we exceeded our annual 2017 production guidance of 75-80,000 ounces ofgold,” says Chris Bradbrook, president and chief executive officer. The mine islocated in Western Australia. “Of particular significance was the markedincrease in recoveries to 84% in the fourth quarter in comparison to theaverage recovery of 78% in the first nine months of 2017,” the CEO says. “It isimportant to note that this increase in recoveries was achieved without theanticipated benefit from the gravity circuit which will be constructed duringthe first six months of 2018. Also during the quarter, a significant milestonewas reached at Hermes, where initial processing of mineralization commenced onschedule. Commercial production is expected in the first quarter of 2018.”
By Allen Sykoraof Kitco News; asykora@kitco.com
Osisko Reports Record Gold-EquivalentOunces, 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 listsrecord quarterly gold-equivalent ounces of 20,990, a 134% increase compared tothe fourth quarter of 2016. The net loss was C$64.3 million, or 41 Canadiancents per basic share, reflecting an impairment charge of C$89 million on the??l?(C)onore royalty interest (C$65.4 million after income taxes). This compares tonet earnings of C$8.7 million, or 8 Canadian cents per share, in the year-agoperiod. 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-yearincrease of 54%. The full-year net loss was C$42.5 million, or 33 Canadiancents 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 toC$34.2 million, or 33 Canadian cents, in 2016.
By Allen SykoraFor Kitco News
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