-=Newmont Goldcorp (NEM) reported earnings on Thur 20 Feb 20 (b/o)

Newmont Goldcorp beats by $0.02, misses on revs; announces plan to increase annual dividend

Reports Q4 (Dec) earnings of $0.50 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.48; revenues rose 44.9% year/year to $2.97 bln vs the $3.02 bln S&P Capital IQ Consensus.

Outlook: Stable production outlook of 6.4 million ounces in 2020, and 6.2-6.7 mln ounces per year longer term through 2024 with an improving costs base; On track to realize $500 million per year of improvements in 2021, exceeding co's commitment by approximately 40%;

Co expects to realize $1.4 billion in cash proceeds in Q1 2020 through divestitures.

Co announces plan to increase annual dividend by 79% percent to $1.00 per share; effective upon approval and declaration of Q1 2020 dividend in April 2020.