Gold and silver miners set to raise or resume dividend payments

Section:

By James Wilson
Financial Times, London
Monday, August 15, 2016

Gold and silver miners are increasingly looking to raise or resume dividend payments, highlighting the renewed confidence in the sector driven by this year's rise in precious metal prices.

Gold and silver have been among the best performing metals during 2016, powering a sharp rally in stock prices and helping miners to ease concerns over their finances. Since the start of the year, gold has risen 27 percent while silver is up 46 percent, giving more scope to the sector -- which had already worked hard to curb spiralling costs -- to repay debts or reward investors.

In recent days large gold miners including Newmont Mining and Randgold Resources have talked up the prospect of higher shareholder payouts because of their improving balance sheets. Centamin, the UK-miner of Egyptian gold, last week more than doubled its interim dividend. ...

... For the remainder of the report:

http://www.ft.com/cms/s/0/6225f44a-6096-11e6-b38c-7b39cbb1138a.html



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