Newmont Mining Corporation (NYSE: NEM) (“Newmont” or the “Company”)
announced its Board of Directors declared a quarterly dividend of $0.025
per share of common stock, payable on September 24, 2015, to holders of
record at the close of business on September 10, 2015. The average
London Bullion Market Association (LBMA) P.M. Gold Price during the
second quarter fell below the Company’s gold price linked dividend
policy threshold of $1,200 per ounce. The Board of Directors authorized
the Company to maintain the dividend for the third quarter based on
strong year-to-date operating and financial performance.
The declaration and payment of dividends remains at the discretion of
the Board of Directors and will depend on the Company's financial
results, cash requirements, future prospects and other factors deemed
relevant by the Board.
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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, statements relating to future dividend payments,
gold prices, return on capital, investments, operating cash flow,
financial flexibility and balance sheet strength. Investors are
cautioned that the gold price-linked dividend policy is 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 or guidelines.
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