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Gold and silver miners set to raise or resume dividend payments

Section: Daily Dispatches

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. ...

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The Gold Mine Barrick Might Regret Having Sold

K92 Mining is poised for production at its Papua New Guinea gold project and has just listed on the Toronto Venture exchange under the symbol KNT.V.

The gold mining startup came together during one of the toughest periods in mining history.

K92's main asset is the Kainantu project, a large high-grade gold resource with extensive infrastructure including underground mine development, a mill processing facility, a fully permitted tailings pond, and paved roads. The infrastructure means K92 can aim to restart mining in the near term with minimal capital costs and seek to grow through cash-flow funded exploration on the roughly 405-square kilometer property, considered prospective for additional discoveries.

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