21 Apr '11, 11am

DTN

* Adj Q1 EPS $1.04 v Street view 99 cents * Revenue jumps 10 percent to $2.5 bln * Will pay gold price-linked dividend * Stock closes slightly higher (Adds CEO comments, stock movement) NEW YORK , April 21 (Reuters) - On a day when gold hit a record high price, Newmont Mining Corp's first-quarter profit beat Wall Street estimates on Thursday as a 10 percent sales boost offset higher mining costs. The world's No. 2 gold producer also approved a second-quarter dividend of 20 cents per share linked to the gold price, based on the net average realized price of $1,382 per ounce in the first quarter. The increase was 33 percent above the regular first-quarter dividend and double the second-quarter 2010 dividend. The new gold price-linked dividend is an effort by Newmont to encourage investors to buy stock as well as physical gold or exchange traded funds. Gold hit a record high ...

Full article: http://sg.news.yahoo.com/2-gold-co-newmonts-profit-beats-...

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