Newmont Announces 50% Increase to Regular Quarterly Dividend to $0.30 Per Share

Newmont Mining Corporation NEM announced today that its Board of Directors declared a regular quarterly dividend of $0.30 per share of common stock, an increase of 50% over the $0.20 dividend paid in the second quarter 2011, and an increase of 100% over the third quarter 2010 dividend. The third quarter 2011 dividend of $0.30 per share is payable on September 29, 2011, to holders of record at the close of business on September 8, 2011. The third quarter 2011 dividend of $0.30 per share was declared in consideration of Newmont's second quarter 2011 average realized gold sales price of $1,501 an ounce (i.e. between $1,500 - $1,599 per ounce). Under the Company's recently announced gold price-linked dividend guideline, it is contemplated that each quarterly dividend will be determined as a function of Newmont's average realized gold sales price for the preceding quarter. The Company's quarterly dividend will increase at a rate of $0.05 per share for each $100 per ounce rise in the average realized gold sales price for the preceding quarter.