Welcome to our dedicated page for Newmont news (Ticker: NEM), a resource for investors and traders seeking the latest updates and insights on Newmont stock.
Newmont Corp (NEM), the world's leading gold producer, maintains this dedicated news hub for stakeholders tracking its global mining operations. Access real-time updates on strategic developments across its diversified portfolio of gold, copper, and multi-metal assets.
This resource consolidates official press releases, operational milestones, and regulatory filings to help investors and analysts monitor production trends, sustainability initiatives, and market positioning. Key updates include quarterly earnings disclosures, merger & acquisition activity, and progress reports from major mining jurisdictions.
Discover timely information on resource expansion projects, safety innovations, and leadership changes directly from the company. Bookmark this page for streamlined access to critical updates influencing Newmont's role in the global metals market.
Newmont (NYSE: NEM) reported strong Q1 2025 results with $1.9 billion in Net Income and record first-quarter free cash flow of $1.2 billion. The company delivered 1.5 million attributable gold ounces and achieved an average realized gold price of $2,944 per ounce.
Key financial highlights include Adjusted Net Income of $1.25 per diluted share and Adjusted EBITDA of $2.6 billion. The company completed its non-core divestiture program, generating up to $4.3 billion in total gross proceeds, including over $2.5 billion in after-tax cash proceeds in H1 2025.
Newmont maintained a strong balance sheet with $4.7 billion in cash and $8.8 billion in total liquidity. The company reduced debt by $1.0 billion since the start of the year and declared a quarterly dividend of $0.25 per share.
Newmont (NYSE: NEM) has completed its non-core divestiture program with the final sales of its Akyem operation in Ghana and Porcupine operation in Canada. The transactions generated after-tax cash proceeds of approximately $850 million before closing adjustments.
The company has successfully divested all six of its non-core operations announced in early-2024. Total gross proceeds from announced divestitures are expected to reach up to $4.3 billion, including $3.8 billion from non-core divestitures and $527 million from the sale of other investments.
As part of the Porcupine sale, Newmont received 119,716,667 common shares of Discovery Silver Corp., representing approximately 15% ownership of Discovery's outstanding common shares. The company plans to use the cash proceeds to strengthen its balance sheet and continue share repurchases.
Newmont (NYSE: NEM) has scheduled its first quarter 2025 earnings release and conference call. The company will announce its Q1 2025 results after North American markets close on Wednesday, April 23, 2025.
A conference call to discuss the results will be held at 5:30 p.m. Eastern Daylight Time on the same day (7:30 a.m. Australian Eastern Standard Time on Thursday, April 24, 2025). The webcast materials will be accessible under the Investor Relations section of Newmont's website, and both the webcast and conference call will be archived for time.
Newmont (NYSE: NEM) has completed the sale of three non-core operations: Musselwhite and Éléonore in Canada, and Cripple Creek & Victor (CC&V) in Colorado, USA. The company has received $1.7 billion in after-tax cash proceeds before closing adjustments.
The divestment is part of Newmont's strategic portfolio optimization initiated in early-2024. Total gross proceeds from announced divestitures are expected to reach $4.3 billion, including $3.8 billion from non-core divestitures and $527 million from other investment sales.
Newmont anticipates closing two additional asset sales in the first half of 2025: the Akyem operation in Ghana (up to $1.0 billion) and the Porcupine operation in Canada (up to $425 million), expected to generate approximately $0.8 billion in after-tax cash proceeds.
Newmont (NYSE: NEM) reported gold Mineral Reserves of 134.1 million attributable ounces for 2024, slightly down from 135.9 million ounces in 2023. The company's go-forward Tier 1 portfolio includes 125.5 million attributable gold ounces and significant reserves in other metals, including 13.5 million attributable tonnes of copper and 530 million attributable ounces of silver.
The company's reserve base has approximately doubled since 2018, with an average reserve grade of 0.96 grams per tonne. Newmont increased its reserves gold price assumption by 21% to $1,700 from $1,400 per ounce. The company expects to invest approximately $275 million in exploration during 2025, with 75% dedicated to near-mine expansion programs and brownfields.
Key changes include a 13% increase in Boddington reserves to 10.8 million ounces, while Brucejack reserves decreased by 39% to 1.9 million ounces. The company maintains strong operating assets with gold reserve life of ten years or more at multiple sites.
Newmont (NYSE: NEM) reported strong fourth quarter and full year 2024 results, with Net Income of $3.4 billion and Adjusted Net Income of $3.48 per diluted share. The company generated $6.3 billion in operating cash flow and $2.9 billion in Free Cash Flow for the year.
Key highlights include:
- Production of 6.8 million attributable gold ounces and 1.9 million gold equivalent ounces from other metals
- Completed integration of Newcrest assets
- Announced divestment of six non-core assets with potential proceeds up to $4.3 billion
- Maintained strong balance sheet with $3.6 billion in cash and $7.7 billion in total liquidity
- Reduced debt by $1.4 billion over 12 months
For 2025, Newmont expects:
- Attributable production of 5.9 million gold ounces
- Gold AISC of $1,630 per ounce for Total Portfolio
- Sustaining capital spend of $1.8 billion
- Development capital spend of $1.3 billion
Newmont (NYSE: NEM) and its subsidiary Newcrest Finance announced the early redemption of $927,754,000 in principal of their 5.30% Notes due 2026. The redemption will take place on February 7, 2025, and includes the payment of a make-whole amount plus accrued and unpaid interest up to the redemption date.
This action is part of Newmont's broader debt reduction strategy, with the company having retired approximately $1.4 billion of debt over the past 12 months. The initiative demonstrates Newmont's commitment to deleveraging and strengthening its balance sheet.
Newmont (NYSE: NEM) has agreed to sell its Porcupine operation in Ontario, Canada to Discovery Silver Corp. for up to $425 million. The transaction includes $200 million in cash, $75 million in Discovery shares upon closing, and $150 million in deferred cash consideration. The deal is expected to close in first half of 2025.
This marks the final non-core operation divestiture in Newmont's strategic program. Including Porcupine, Newmont's announced divestitures and investments are expected to generate up to $4.3 billion in total proceeds. The company has now secured agreements to divest all six operations and one project classified as held for sale, including Telfer, Akyem, Musselwhite, Éléonore, CC&V, and Porcupine operations.
The proceeds will be used to reduce debt and return capital to shareholders as Newmont shifts focus to its Tier 1 assets.
Newmont (NYSE: NEM) has scheduled its fourth quarter and full year 2024 earnings release for Thursday, February 20, 2025, after North American markets close. The company will host a conference call at 5:30 p.m. Eastern Standard Time on the same day (9:30 a.m. Australian Eastern Daylight Time on Friday, February 21, 2025) to discuss the results.
The conference call will be accessible via webcast through Newmont's website, with materials becoming available after market close on February 20. Both the webcast and conference call will be archived for future reference on the company's website under the Investor Relations section.
Newmont (NYSE: NEM) announced that its wholly-owned subsidiary, Newmont Canada FN Holdings ULC, has sold 9,500,000 common shares of Star Diamond through a private placement transaction. The shares were sold at $0.02 per share for a total of $190,000. This transaction represents approximately 1.54% of Star Diamond's outstanding shares, reducing Newmont's ownership from 11.45% to 9.92%. While Newmont Canada currently has no plans to acquire additional Star Diamond shares, it may do so in the future depending on market conditions.
