Newmont
Mining Corporation (NYSE: NEM) (“Newmont” or the “Company”)
announced today its Board of Directors declared a quarterly dividend of
$0.20 per share of common stock, payable on December 27, 2013, to
holders of record at the close of business on December 5, 2013.
The Company's gold
price-linked dividend policy is structured so that dividends paid
may increase or decrease based on the London P.M. Fix average price of
gold for the quarter. The fourth quarter 2013 dividend of $0.20 per
share was based on the average London P.M. Fix of $1,326 per ounce for
the third quarter 2013.
In addition, Newmont Mining Corporation of Canada Limited (TSX:NMC)
today declared a regular quarterly dividend of CAD $0.2091 per share on
its exchangeable shares, payable December 27, 2013, to holders of record
at the close of business on December 5, 2013. This dividend is
designated as an “eligible dividend” for Canadian tax purposes.
Cautionary Statement:
This release contains “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended, which are intended
to be covered by the safe harbor created by such sections and other
applicable laws. Such forward-looking statements may include, including,
without limitation, statement relating to future dividend payments or
gold prices. Investors are cautioned that the gold price-linked dividend
guidelines are non-binding. The declaration and payment of future
dividends remain at the discretion of the Board of Directors and will be
determined based on Newmont’s financial results, cash and liquidity
requirements, future prospects and other factors deemed relevant by the
Board. The Board of Directors reserves all powers related to the
declaration and payment of dividends. Consequently, in determining the
dividend to be declared and paid on the common stock of the Company, the
Board of Directors may revise or terminate such policy at any time
without prior notice. As a result, investors should not place undue
reliance on such policy guidelines.
Copyright Business Wire 2013