Newmont Mining Corporation (NYSE: NEM) (“Newmont” or the “Company”) announced its Board of Directors declared a quarterly dividend of $0.15 per share of common stock, payable on March 27, 2014, to holders of record at the close of business on March 13, 2014. The first quarter 2014 dividend is based on Newmont’s gold price-linked policy and based on the average London P.M. Fix of $1,276 per ounce for the fourth quarter 2013. Moving forward, Newmont continues to remain bullish on the long-term outlook for gold and will retain the dividend policy’s link to the gold price. However, the Company will be adjusting the annual payout levels to provide financial flexibility in the current gold price environment while still offering investors continued leverage as prices rise. “We are pleased to announce our first quarter dividend declared under our existing policy. Returning capital to shareholders from free cash flow is a key component of our capital allocation strategy,” said Gary Goldberg, President and Chief Executive Officer. “Going forward we are revising our dividend policy to provide greater flexibility to strengthen our balance sheet, develop our best projects and offer shareholders meaningful exposure to rising gold prices.” Newmont's updated gold price-linked dividend policy includes a quarterly payable dividend based on the average London P.M. Fix for the preceding quarter. The first payout level will begin between $1,200 and $1,299 per ounce, with an annual dividend of $0.10 per share or $0.025 per quarter. The second payout will be between $1,300 and $1,399 per ounce, with an annual dividend of $0.20 per share or $0.05 per quarter. For each $100 per ounce additional increase in the average realized gold price above $1,300 per ounce, the annual payout will increase at a rate of $0.20 per share or $0.05 per quarter. For example, if the average London P.M. Fix for the preceding quarter was $1,400 per ounce, the annual dividend would be $0.40 per share or $0.10 per quarter.