Newmont Declares Quarterly Dividend of $0.425 per share
DENVER, Feb. 20, 2013 /CNW/ - Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") announced today its Board of Directors declared a quarterly dividend of $0.425 per share of common stock, payable on March 28, 2013, to holders of record at the close of business on March 13, 2013.
"I am pleased to announce a 21 percent increase in our first quarter 2013 dividend compared to the same period last year. We will continue to leverage total cost control and technical excellence to maintain competitive advantage and strong returns for our shareholders," said Gary Goldberg, President and Chief Operating Officer.
The first quarter 2013 dividend of $0.425 per share was based on the average London P.M. Fix of $1,718 per ounce for the fourth quarter 2012.
In addition, Newmont Mining Corporation of Canada Limited (TSX: NMC) today declared a regular quarterly dividend of CAD $0.4319 per share on its exchangeable shares, payable March 28, 2013, to holders of record at the close of business on March 13, 2013. This dividend is designated as an "eligible dividend" for Canadian tax purposes.
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.
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