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.