mineral exploration project – commodity prices – mining stock- trade and market

The world’s second largest gold producer said it plans to link its dividend to gold prices and added it would raise production by more than a third by 2017.

Newmont Mining Corp , the second-largest gold producer in the world, plans to link its dividend to gold prices, and said it will target to raise production of the precious metal by more than a third by 2017.

Denver-based Newmont’s shares, which have trailed the Arca Gold Bugs Index since the beginning of the year, rose 4 percent to $58.72 in early trade. The index, which tracks 16 of the world’s largest bullion...

Bullion Monarch Mining Inc., a precious metals royalty and resource development company based in the...

Australian gold output rose 14 percent in the fourth quarter last year, helped by Newmont Mining Corp.’s Boddington mine, confirming the country as the world’s second-biggest producer, a research group said.

Gold production in Australia rose to 62 metric tons during the three months to Dec. 31, Melbourne-based Surbiton Associates Pty said in an e-mailed statement.

The gold price hovered near unchanged, consolidating after its recent five day winning streak that pushed the price of gold well above the $1,100 level it had been trading near for...