Newmont Corporation NEM

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[MaterialsMan]

I recalled from a number of years ago that Newmont management planned to tie the size of the dividend to increases in the price of gold. Obviously subject to change by the board.
The details of the scheme are still available through a web search.
Suffice to say that if they had followed through with the plan, the divi would be about a buck instead of a quarter every three months per share.
Personally, I'd much rather see increases in the dividend rather than share buybacks. Either of which are being proposed in the latest plan.
Who really benefits from share buybacks, the balance sheet or the shareholders.

[HoneyBadger77]

Well Materials Man, this isn't such a mystery (at least to me). If a shop keeper has a widget for sale that everyone is lining up at the counter, outside the door and around the block waiting to buy, do you honestly think the shop keeper needs to entice more buyers by having a sale (insert Dividend value here)? Newmont cut their dividend last quarter to help reduce costs because as you will

[MaterialsMan]

HoneyBadger, Well said. My concern is that in the past gold mining stocks are leveraged to the price of gold. I don't see that happening across the board. I hope your predictions come true. IMO, there is really strange behavior going on with gold and the related industries. Maybe it is just a matter of time before investors in North America get the message and start jumping in with both feet