DENVER--(BUSINESS WIRE)--
Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company)
announced its Board of Directors declared a quarterly dividend of $0.075
per share of common stock, payable on September 28, 2017, to holders of
record at the close of business on September 14, 2017.
This dividend is payable under the Company’s gold price-linked dividend
policy. The dividend of $0.075 per share is triple the dividend paid in
the prior year quarter.
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.
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, without
limitation, statements relating to future dividend payments, future gold
prices, future ability to generate free cash flow at reduced prices, and
future shareholder value and returns. 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,
balance sheet strength, 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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Source: Newmont Mining Corporation