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. President Donald Trump on Monday said he would not impose tariffs on gold, a move welcomed by global bullion markets and which ended days of speculation that the yellow metal could be caught up in the ongoing global trade spat.