Newmont Mining Corp.’s shareholders voted overwhelmingly to approve the proposed transaction with Goldcorp Inc. Goldcorp’s shareholders have also voted overwhelmingly in support of the combination with more than 97% of votes cast in favor of the transaction. Newmont shareholders approved the increase in Newmont’s authorized common stock with more than 76 percent of the outstanding shares voting for the proposal and approved the issuance of shares pursuant to the transaction with more than 98 percent of the votes cast for the proposal. The transaction is expected to close in the second quarter.

“We thank Newmont’s shareholders for their overwhelming support for this compelling value creation opportunity as we build the world’s leading gold company,” said CEO Gary Goldberg.

The receipt of approval by Newmont’s and Goldcorp’s shareholders of the resolutions at their shareholder meetings has satisfied the conditions to Newmont’s previously announced one-time special dividend of $0.88 per share of common stock. Accordingly, the special dividend will be paid on May 1 to Newmont shareholders of record as of April 17. The dividend will be paid to the holders of Newmont’s currently outstanding shares as of the record date, and not in respect of shares to be issued in connection with the proposed Newmont Goldcorp transaction.

Newmont Goldcorp will begin delivering $365 million in expected annual pre-tax synergies, supply chain efficiencies and full potential improvements, representing $4.4 billion in Net Present Value and target 6 million to 7 million ounces of steady gold production over a decades-long time frame. The company will also have the largest gold reserves and resources in the gold sector and be located in favorable mining jurisdictions and prolific gold districts on four continents, Newmont said.

Goldcorp Inc. also recently obtained a final order from the Ontario Superior Court of Justice approving the arrangement.