Newmont (NEM) CEO Goldberg: Hope to Keep Mining Super Pit After Barrick (ABX) Exit; May Raise Dividend Payout Ratio

October 14, 2016 12:40 PM EDT

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Newmont Mining (NYSE: NEM) CEO Gary Goldberg say Long Canyon may start producing this year, according to an interview with Bloomberg today. The executive commented:

  • Newmont hopes to keep operating super pit after Barrick Gold (NYSE: ABX) exit
  • Newmont, Barrick could structure KCGM sale to avoid ROFR
  • Board to consider raising dividend payout ratio in coming weeks
  • Hiking dividend ratio makes sense if gold above $1,000/oz.
  • Newmont comfortable with debt and is assessing its target for the next five years

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