September 03, 2013 at 16:38 PM EDT
Newmont Mining Names New CFO (NEM)

The Colorado-based gold miner Newmont Mining (NEM) announced on Tuesday that it has hired Laurie Brlas to take over as the executive VP and chief financial officer.

Brlas had previously served as the executive VP and president of global operations at Cliffs Natural Resources (CLF); she resided there as CFO from 2006 to 2012. Brlas will be filling the role once held by Tom Mahoney, who had been covering the CFO position on an interim basis since May when Russell Ball left. It was reported that once Brlas takes over, Mahoney will remain on board as vice president and treasurer.

Newmont Mining shares crept lower on Tuesday, shedding 0.16% on the day. The stock is down 32% YTD.

The Bottom Line

Shares of Newmont Mining (NEM) are yielding 3.18% based on Tuesday’s closing price of $31.47.

Newmont Mining (NEM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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