Barrick Gold, Newmont Maintain Quarterly Dividends
The world’s two largest gold-mining companies have announceddividends that are the same as after the prior quarter. Barrick Gold Corp. (NYSE, TSX: ABX), which reportedfirst-quarter earnings on Monday, announces that its board of directorsdeclared a dividend of 3 cents per share, payable on June 15 to shareholders ofrecord at the close of business on May 31. Newmont Mining Corp. (NYSE: NEM), which is scheduledto report first-quarter earnings on Thursday, announces a quarterly dividend of 14 centsper share, payable on June 21 toshareholders of record as of June7. While the dividend is the same as the one paid after the fourth quarter, thecompany notes the per-share payout is also nearly three times higher than theone declared for the same quarter a year ago.
By Allen Sykoraof 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 inthe Piaba deposit at the Aurizona Gold Mine in Brazil, with the first gold pourexpected late in the year. The company says the mining contractor, U&MMinera????o e Constru????o S/A, mobilized to the site in March and mining began inmid-April. U&M has filled most of the planned 200 operator and supportpositions. U&M is operating two shifts a day and at the start of June willimplement a third shift to mine 24 hours a day, seven days a week, Equinoxsays. “The project remains on track to pour gold by the end of 2018,” saysChristian Milau, chief executive officer of Equinox Gold. “Aurizona will beEquinox Gold’s first operating mine and is expected to produce on average136,000 ounces of gold per year over the life of the mine. While the Aurizona operationsteam is focused on achieving production, Equinox Gold’s exploration team isfocused on mine-life extension and district-scale opportunities. A resourceupdate is underway incorporating near-mine mineralization identified in thesuccessful 2017 exploration program.”
By Allen SykoraFor Kitco News
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