Summary
Newmont Mining Corporation (NEM) filed an 8-K on March 25, 2019, primarily to announce a one-time special dividend of $0.88 per share. This dividend is contingent upon the successful approval of the proposed combination with Goldcorp Inc. by both companies' shareholders. The record date for the dividend is April 17, 2019, with a payment date expected on May 1, 2019, conditional on shareholder approval and closing of the transaction. The filing also reported that Mexico's Competition Commission has approved the Goldcorp transaction without any conditions. Newmont is continuing to work with other regulatory bodies to obtain the remaining necessary approvals. The company is emphasizing that the dividend payment is subject to the satisfaction of these conditions, including shareholder votes scheduled for April 11 (Newmont) and April 4 (Goldcorp) in 2019, with closing expected shortly thereafter.
Key Highlights
- 1Newmont announced a one-time special dividend of $0.88 per share.
- 2The special dividend is conditional upon shareholder approval of the Goldcorp transaction and other closing conditions.
- 3The record date for the special dividend is April 17, 2019.
- 4The expected payment date for the special dividend is May 1, 2019.
- 5Mexico's Competition Commission has approved the Goldcorp acquisition without conditions.
- 6Newmont and Goldcorp shareholders will vote on the transaction in early April 2019.
- 7The filing includes a comprehensive cautionary statement regarding forward-looking statements and associated risks.