Newmont Announces Receipt of Common Shares of LunR Royalties Corp. by Way of Dividend-In-Kind from Lundin Gold Inc.
Early Warning Disclosure
Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM) ("Newmont" or the "Company") announced today that its wholly owned indirect subsidiary ("Newmont Subsidiary") has received 16,099,564 common shares (the "Common Shares") in the capital of LunR Royalties Corp. ("LunR") by way of a dividend-in-kind from Lundin Gold Inc. ("Lundin Gold").
Lundin Gold previously acquired 50,505,051 common shares of LunR (the "Consideration Shares") as consideration in connection with LunR's acquisition of a life-of-mine silver stream on Lundin Gold's Fruta del Norte mine in Ecuador. Pursuant to a distribution agreement dated April 2, 2026, Lundin Gold agreed to distribute the Consideration Shares to its registered shareholders by way of a dividend-in-kind. On May 28, 2026, Lundin Gold declared a special dividend-in-kind to distribute all of the Consideration Shares to eligible Lundin Gold shareholders, payable on June 11, 2026 to shareholders of record at the close of business on June 4, 2026. Newmont Subsidiary, as a shareholder of Lundin Gold, received 16,099,564 Common Shares of LunR as part of the foregoing distribution.
