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APR 24, 2013 - MarketWatch

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Newmont Mining cuts dividend as gold slides

SAN FRANCISCO (MarketWatch) -- Newmont Mining Corp. said late Thursday it cut its quarterly dividend to 35 cents a share. The new dividend, which is linked to the price of gold, is based on an average London gold price of $1,632 an ounce and is payable June 27 to shareholders of record on June 12. The company formerly paid a dividend in March of 42.5 cents share based on an average gold price of $1,718 an ounce. Year-to-date, gold is down nearly 15% and settled Wednesday at $1,423.70 an ounce.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit ... Read More

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