Newmont Declares Quarterly Dividend of $0.25 Per Share
July 23 2020 - 7:55AM
Business Wire
Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the
Company) today announced that its Board of Directors declared a
quarterly dividend of $0.25 per share of common stock, payable on
September 24, 2020, to holders of record at the close of business
on September 10, 2020.
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 flow and cash
requirements, duration and impact of the Covid pandemic, future
prospects, and other factors deemed relevant by the Board.1
About Newmont
Newmont is the world’s leading gold company and a producer of
copper, silver, zinc and lead. The Company’s world-class portfolio
of assets, prospects and talent is anchored in favorable mining
jurisdictions in North America, South America, Australia and
Africa. Newmont is the only gold producer listed in the S&P 500
Index and is widely recognized for its principled environmental,
social and governance practices. The Company is an industry leader
in value creation, supported by robust safety standards, superior
execution and technical proficiency. Newmont was founded in 1921
and has been publicly traded since 1925.
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. Forward-looking statements
often contain words such as “expect,” “intend,” “plan,” and “will.”
Such forward-looking statements may include, without limitation,
statements or expectations regarding future dividend payments.
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. Other than the dividend announced above, dividends for the
remainder of 2020 have not yet been approved or declared by the
Board of Directors. 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 dividend plans at any time without prior notice.
Investors are reminded that forward-looking statements are subject
to various risks and uncertainties, which could cause the actual
results and expectations to differ materially from the anticipated
results or expectations expressed, including, without limitation,
risks in connection with the operations, cash flow and results of
the Company relating to the uncertain duration, scope and effect of
the current COVID-19. Uncertainties relating to COVID-19, include,
without limitation, general macroeconomic uncertainty and changing
market conditions, changing restrictions on the mining industry in
certain the jurisdictions in which we operate, the ability to
operate following changing governmental restrictions on travel and
business operations (including, without limitation, the duration of
restrictions, including access to sites, ability to transport and
ship doré, access to processing and refinery facilities, impacts to
international trade, impacts to supply chain, including price,
availability of goods, ability to receive supplies and fuel,
impacts to productivity and operations in connection with decisions
intended to protect the health and safety of the workforce, their
families and neighboring communities). In light of the changing
environment and uncertainties, no guarantees can be provided that
Newmont’s proactive efforts to minimize impacts will be effective
in eliminating risks. Similarly, no guarantees can be made that the
Company will be able to maintain the same dividend level in the
future. Investors should not place undue reliance on
forward-looking statements.
1 See cautionary statement on page 2 of this release for
additional information.
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version on businesswire.com: https://www.businesswire.com/news/home/20200723005284/en/
Media Contact Eric Colby
303.837.5724 eric.colby@newmont.com
Investor Contact Jessica Largent
303.837.5484 jessica.largent@newmont.com
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