Newmont pays gold price dividend

Gold producer Newmont Mining will pay a dividend linked to gold prices to attract investors who have been flocking to exchange traded funds (ETFs) as bullion prices soar, its chief executive said yesterday. Newmont said it expects to pay its first such dividend on 29 June, based on the No. 2 gold producer’s average realised gold price for the preceding quarter. It paid a quarterly dividend of 15 cents (9p) per share on 30 March. Newmont also said it aims to raise gold output by more than a third by 2017.