Newmont declares Ghs 3.28 Q2 2021 dividend for shareholders
Gold mining firm, Newmont Corporation, has for the second quarter of 2021 declared a dividend of $0.55 (Ghs 3.28) per share for shareholders.
The dividend declared by the company’s Board of Directors is payable on September 23, 2021.
Newmont Corporation for the first two quarters of the 2021 financial year posted strong results-producing 1.4 million ounces of gold and generating $993 million of cash from continuing operations and $578 million of free cash flow.
The company completed $149 million of share repurchases from the $1 billion buyback programme and ended the second quarter with $4.6 billion of consolidated cash and $7.6 billion of liquidity with a net debt to adjusted EBITDA ratio of 0.2.
“Capitalising on the strength of our assets and integrated operating model, Newmont delivered a solid second-quarter performance with $1.6 billion in adjusted EBITDA and $578 million in free cash flow”.
“Our performance and disciplined approach to capital allocation allowed Newmont to declare a second-quarter dividend of $0.55 per share, while we continue to reinvest in our business through our most profitable projects”.
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“As we move into our next 100 years of mining, we remain focused on delivering value to all of our stakeholders from our world-class portfolio of long-life, responsibly managed assets located in top-tier jurisdictions,” said Tom Palmer, Chief Executive Officer of 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.
