This article is 4 years old. Images might not display.
It comes after the company quietly stopped using the Goldcorp name in news releases last month.
Australian mining engineer Tom Palmer, who became Newmont CEO in September, said the rebranding came after the company completed two transactions, the sort "that you'd only normally do once in a generation", being the acquisition of Goldcorp and the Nevada joint venture in the same quarter.
"As this company has done many times in the past, Newmont has demonstrated its ability to adapt to change, which is truly a hallmark of our success over the last 100 years," he said.
"Updating our brand represents a natural step as we approach the next 100 years in Newmont's long and proud legacy of operating discipline, profitable growth, environmental stewardship, and developing the industry's best talent."
The updated Newmont logo uses the gold triangle from the previous logo which represents the apex of the industry and the pinnacle of leadership. The company celebrates its 100th anniversary in May.
Newmont also said it planned to increase its dividend by 79% to US$1 per share, effective upon approval and declaration of its first-quarter dividend in April 2020.
The company will continue its $1 billion share buy-back program.
Newmont said it returned $1.4 billion to shareholders in 2019, including the repurchase of 12.4 million shares in the fourth quarter.
The company expects to produce 6.4 million ounces of gold this year at all-in sustaining costs of $975 an ounce.
Canaccord Genuity maintained a buy rating and $55 price target.
Shares in Newmont last traded at $42.26, valuing the company at $35.5 billion.
