Newmont Declares USD 0.25 Dividend with AUD 0.38 Equivalent for Q2 2025

Dividend Update and Currency Details

Newmont Corporation has issued an update to its Appendix 3A.1 announcement regarding the ordinary dividend payment for the quarter ending 30 June 2025. The company confirmed a dividend of USD 0.25 per security, which translates to approximately AUD 0.3776 based on the current exchange rate. This dividend is scheduled to be paid on 29 September 2025.

The update primarily clarifies the currency exchange rates applied to the dividend and outlines the payment options available to investors holding CHESS Depositary Interests (CDIs) in Newmont. While the default payment currency is Australian dollars, investors have the option to elect to receive their dividends in US dollars or New Zealand dollars, providing flexibility amid fluctuating currency markets.

Tax Withholding and Compliance

Non-resident withholding tax will be deducted at the default rate of 30%, in line with U.S. tax law, unless investors have certified their eligibility for a reduced rate under applicable tax treaties. This certification must be completed prior to the dividend record date. Newmont has facilitated access to the necessary U.S. tax certification forms via its investor website, ensuring holders can claim treaty benefits where applicable.

For investors based in Australia, New Zealand, or the United States, dividend payments will be made by mandatory direct credit to nominated bank accounts. Those who fail to provide valid banking details or Global Wire payment instructions will have their payments withheld until such information is received. Investors outside these countries will receive payments by cheque in Australian dollars unless they provide valid banking or Global Wire instructions.

Implications for Investors

This update underscores the importance for Newmont’s CDI holders to review and update their payment instructions and tax residency status to avoid delays or unnecessary withholding. The ability to choose payment currency offers a degree of control over currency exposure, which may be particularly relevant given recent volatility in foreign exchange markets.

While the dividend amount remains consistent with prior announcements, the detailed disclosure of exchange rates and payment mechanisms enhances transparency and helps investors better anticipate their net returns after tax and currency considerations.