DENVER--(BUSINESS WIRE)--
Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company)
announced that its Board of Directors declared an increase in the fourth
quarter dividend to $0.14 per share of common stock, payable on March
22, 2018, to holders of record at the close of business on March 8, 2018.
“We’re pleased to announce that we have raised our dividend to nearly
three times higher than the prior year quarter,” said Gary J. Goldberg,
President and Chief Executive Officer. “This increase reflects our
strong balance sheet and steady long-term production profile – and our
equally strong conviction that we can continue to generate superior
returns while investing in the next generation of Newmont mines.”
The declaration and payment of future quarterly 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 or expectations regarding future dividend
payments, future balance sheet strength, future production, future
investments, and future shareholder value and returns. Investors are
cautioned that 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, gold price fluctuations 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 forward-looking statements.
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Source: Newmont Mining Corporation