Newmont targets dividend boost by at least 50% in 2018

Newmont Mining said on Wednesday that it plans to boost its dividend by at least 50% in 2018, based on balance sheet improvements and the performance of its gold mines. The Colorado-based miner, which had $3-billion in cash with $1.1-billion debt at the end of September, also issued an updated five-year outlook, with modestly higher gold production.