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%.

U.S. gold futures climbed to a record high on Friday (August 8) after a report that the United States had imposed tariffs on imports of 1-kg gold bars, while spot gold stayed on track for a second straight weekly gain on tariff turmoil and U.