Newmont Mining (NEM) Tops Q1 EPS by 14c

Newmont Announces First Quarter Operating and Financial Results

April 20, 2016 4:05 PM EDT

DENVER--(BUSINESS WIRE)-- Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) announced first quarter results, including $227 million in free cash flow, and $803 million in adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA).

Net income: Achieved adjusted net income1 of $182 million, or $0.34 per basic share, compared to $229 million or $0.46 per share in the prior year quarter; GAAP net income attributable to shareholders from continuing operations was $78 million, or $0.15 per share, compared to $175 million or $0.35 per share in the prior year quarter Consolidated... More

Noreen Doyle Appointed Chair of Newmont’s Board of Directors

April 20, 2016 11:42 AM EDT

DENVER--(BUSINESS WIRE)-- Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) announced that Noreen Doyle was appointed to succeed Vincent Calarco as Chair of Newmonts Board of Directors. Mr. Calarco will continue as a Newmont Director and work closely with Ms. Doyle to ensure a smooth leadership transition.

Ms. Doyle has been a Director with the Company since 2005 and previously served as Vice Chair and head of the Boards Audit Committee. Ms. Doyles experience includes top executive leadership roles at the European Bank for Reconstruction and Development and board... More

Newmont Declares Quarterly Dividend of $0.025 Per Share

April 19, 2016 4:21 PM EDT

DENVER--(BUSINESS WIRE)-- Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) announced its Board of Directors declared a quarterly dividend of $0.025 per share of common stock, payable on June 23, 2016, to holders of record at the close of business on June 9, 2016.

Newmont's gold price-linked dividend policy includes a quarterly dividend payable based on the average LBMA P.M. Gold Price for the preceding quarter (Gold Price). The policy recommends an annual dividend of $0.10 per share or $0.025 per quarter at a Gold Price of up to $1,300 per ounce and an annual dividend... More