Newmont Signals Dividend Lift as Rally Helps Win War on Debt

Newmont Mining Corp. will consider increasing dividends as gold’s rally to a two-year high and asset sales put the world’s second-biggest bullion producer ahead of schedule on its debt-reduction target.

“Even if prices were to sustain themselves where they’re at today, versus where they were at the beginning of the year, we’d see an additional billion in free cash flow,” Gary Goldberg said Wednesday by phone. “We’ll be able to move forward with our debt repayment plans a little bit sooner.”