Newmont Declares Second Quarter Dividend of $0.55 Per Share
July 22 2022 - 06:30AM
Business Wire
Newmont Corporation (NYSE: NEM, TSX: NGT) today announced that
its Board of Directors declared a dividend of $0.55 per share of
common stock for the second quarter of 2022, payable on September
22, 2022 to holders of record at the close of business on September
8, 2022.
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, 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 expertise. Newmont was founded in 1921 and
has been publicly traded since 1925.
Cautionary Statement:
This release may contain “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 dividends. Investors
are cautioned that the Company’s dividend framework is non-binding.
Future dividends are assessed on a quarterly basis by 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 second quarter dividend
announced above, future dividends have not yet been approved or
declared by the Board of Directors. An annualized dividend has not
been declared by the Board. Management’s expectations with respect
to future dividends, including annualized payouts and dividend
yields, are “forward-looking statements” and non-binding. 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
COVID-19. Uncertainties relating to COVID-19 and other variants of
COVID, include, without limitation, 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, and
the availability and impact of vaccines). 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 for additional information.
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version on businesswire.com: https://www.businesswire.com/news/home/20220722005052/en/
Media Contact Courtney Boone
303.837.5159 courtney.boone@newmont.com
Investor Contact Daniel Horton
303.837.5468 daniel.horton@newmont.com
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