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

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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