Newmont’s board of directors, projecting confidence in the company’s outlook, increased the authorization for share repurchases by $3 billion. This represents a 4% buyback yield alongside a 25-cent-per-share quarterly dividend that yields 1.5%.

This gold miner is having a day to remember on Monday. The post Guess which ASX gold stock is jumping 10% on big news appeared first on The Motley Fool Australia.