Gatos Silver posts solid 2024, preps takeover by First Majestic
The deal will merge Gatos’ main Cerro Los Gatos mine with First Majestic’s San Dimas mine in Durango, and its Santa Elena operation in Sonora.
Newmont (NYSE: NEM, TSX: NGT), the world’s no. 1 gold miner, announced a quarterly dividend of $0.25 per share of common stock, to be paid to holders of record at the close of business day on June 4.
The decision represents a “significant increase to its industry-leading dividend,” the company said.
In January, Newmont announced it will increase its quarterly dividend to $1.00 per share annually.
The company said that future quarterly dividends would depend on the company’s financial results, cash flow, and duration and impact of the covid-19 pandemic.
Midday Wednesay, Newmont’s stock was up 3.3% on the NYSE. The company has a $49.5 billion market capitalization.
