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Denver-based Newmont Mining has further sweetened a dividend-payout plan tied to the price of gold.
The company said Monday that its annual dividend could rise to $4.70 per share if gold reaches $2,500 per ounce. The previous dividend plan would have paid out $3.20 per share.
Meanwhile, Newmont chief executive Rich ard O’Brien said in an interview at the Denver Gold Forum in Colorado Springs that he expects gold will rise to $2,000 an ounce by the end of the year and may reach $2,300 by the close of 2012.
