Semi OT: strong results at NewmontOur new chair of the board is the ex President and CEO of Newmont mining. Some people conclude, that Newmont (worlds No. 1 Gold miner) seriously likes to get full knowledge about Pretium for a potential take over.
So let us have a look on Newmonts freshly released figures:
... “In 2019, Newmont generated $1.4 billion in free cash flow…and we continued to deliver on our promises by completing four projects on four continents within budget,” said Tom Palmer, president and chief executive officer. “We returned $1.4 billion to shareholders through dividends and share repurchases and as we enter our centenary year, Newmont is well positioned with the industry’s largest reserve base strategically located in top-tier jurisdictions that enables us to sustain production and generate robust cash flow across price cycles.”
The company said it ended the year with an industry-leading 100.2 million ounces of gold mineral reserves.
source of the quote:
https://www.kitco.com/news/2020-02-20/Newmont-4Q-adjusted-profit-jumps-as-output-prices-rise.html