8-KOther EventsExhibits & Filings

NEWMONT Corp /DE/ 8-K Report, Corporate Update (Mar 25, 2019)

Filed March 25, 2019For Securities:NEMNEMCL

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.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Newmont's intention to pay a one-time special dividend of $0.88 per share, which is contingent upon the successful closing of its proposed acquisition of Goldcorp Inc. It also reports the unconditional approval of the transaction by Mexico's Competition Commission.

No, the special dividend is conditional. It will only be paid if both Newmont and Goldcorp shareholders approve the proposed combination and other customary closing conditions are met. The record date for eligibility is April 17, 2019, and the payment date is expected to be May 1, 2019, but these are subject to the conditions precedent.

While Mexico's Competition Commission has approved the deal, Newmont and Goldcorp are still working to secure remaining approvals from other regulatory agencies. These, along with shareholder approvals, are conditions for closing the transaction.

More detailed information can be found in the press release attached as Exhibit 99.1, Newmont's proxy statement filed with the SEC on March 11, 2019, and other SEC filings by both Newmont and Goldcorp. Investors are urged to read these materials carefully. Contact information for Newmont's Investor Relations is provided in the filing.