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Gold/Mining/Energy : Profitable Gold and Silver Producers

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To: Claude Cormier who wrote (33)	1/30/2012 8:49:35 AM
From: Veteran98	1 Recommendation Read Replies (1) of 104

NEM... don't own it but here is an article that shows just how attractive a dividend policy tied to POG can become..... Newmont: The one to own in 2012 thestockadvisors.com by Alan Newman, editor CrossCurrents If we could buy only one stock in 2012, we would choose Newmont Mining (NEM), one of the largest gold producers. The company has proven and probable gold reserves of approximately 93.5 million ounces valued at close to $150 billion at today’s prices (over $300 per share). NEM announced an “enhanced” dividend policy in April and will raise their dividend if gold prices rise. If average realized prices increase to the highs seen in 2011, NEM’s dividends should increase from the current $1.40 to $2.30. At $62, the shares already yield 2.3%. If our Dow/Gold Ratio target is achieved at Dow 12,500 and bullion at $2500 per ounce, it is entirely conceivable that NEM’s dividend could increase to $4.70 per share. Based on the current price of NEM, that would be a huge yield of 7.6%. This scenario is not out of the question.

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