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 Corporation (symbol: NEM) is the world's leading gold company and a major producer of copper, silver, zinc, and lead. Newmont's impressive portfolio of assets is anchored across favorable mining jurisdictions in North America, South America, Australia, and Africa. As the only gold producer listed in the S&P 500 index, Newmont is widely recognized for its principled environmental, social, and governance practices. Founded in 1921 and publicly traded since 1925, Newmont has cemented its industry leadership through robust safety standards, superior execution, and technical proficiency.
Newmont's strategic acquisitions have significantly bolstered its position as the top gold miner globally. In 2019, Newmont purchased Goldcorp, and later that year, formed a joint venture with Barrick Gold to combine their Nevada mines. Most recently, in November 2023, Newmont acquired Newcrest Mining. These strategic moves have expanded Newmont's portfolio to include 17 wholly or majority-owned mines and interests in two joint ventures across the Americas, Africa, Australia, and Papua New Guinea.
Newmont is expected to produce approximately 6.9 million ounces of gold in 2024. Following the acquisition of Newcrest, Newmont plans to streamline its portfolio by selling higher-cost, smaller mines, which are forecasted to account for 20% of its sales in 2024. Alongside gold, Newmont also produces significant quantities of copper, silver, zinc, and lead as byproducts.
Newmont's commitment to value creation is evident in its long-term gold reserves, which are projected to last for about two decades as of December 2023. The company continually invests in innovative practices and sustainable developments, ensuring its operations support both economic growth and environmental care.
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Newmont Corporation has finalized a deal to acquire specific properties in Tahltan Territory, British Columbia, from Skeena Resources Limited. This acquisition aims to support land use planning objectives for the Tahltan Nation and the Iskut community, with no intention of developing the properties for mineral potential. Newmont emphasizes its commitment to sustainable resource development and collaboration with local stakeholders. The company previously acquired the Saddle North deposit in 2021, acknowledging the need for consent from the Tahltan people.
Newmont Corporation (NYSE: NEM) has released its 2021 Climate Report, aligning with TCFD recommendations, detailing its approach to climate change. Highlights include updated climate risk scenarios, science-based emissions reduction targets of 32% for Scope 1 and 2, and 30% for Scope 3 emissions by 2030, aiming for carbon neutrality by 2050. The report stresses investment in renewable energy and outlines progress towards energy consumption and emissions goals. Newmont reinforces its commitment to transparent ESG performance and sustainability.
Newmont Corporation (NYSE: NEM) reported robust first quarter 2022 results, producing 1.34 million attributable ounces of gold. The company achieved a consolidated cash flow of $689 million and a Free Cash Flow of $252 million. With a gold CAS of $890 per ounce and an AISC of $1,156 per ounce, Newmont remains on track to meet its full-year guidance. Notably, it declared a dividend of $0.55 per share and has $4.3 billion in cash, plus a BBB+ credit rating upgrade from S&P. The company is advancing key projects, including Tanami Expansion 2 and Yanacocha Sulfides, enhancing its long-term value.
Newmont Corporation (NYSE: NEM) has declared a dividend of $0.55 per share for Q1 2022, payable on June 16, 2022, to shareholders on record as of June 2, 2022. Future dividends will be evaluated quarterly by the Board, based on factors like financial performance, cash flow, and market conditions. Newmont is recognized as a leading gold producer with operations across North America, South America, Australia, and Africa, emphasizing sustainable practices.
Newmont Corporation (NYSE: NEM) has announced its acquisition of a 5% interest in Yanacocha from Sumitomo Corporation for $48 million. This move will give Newmont full ownership of the Yanacocha district, where it plans to enhance production through the Sulfides project. The acquisition is part of Newmont’s strategy to consolidate its interests in the region and is expected to close in the second quarter of this year. Newmont aims to boost copper production, supporting green economy initiatives and extending the mine's operational life.
Newmont Corporation (NYSE: NEM) will report its first quarter 2022 financial results on Friday, April 22, 2022, before market opening. A conference call is scheduled at 10 a.m. ET to discuss these results, which will also be available on the company’s website. Investors can join the call via the provided dial-in numbers or through a webcast. Newmont is the leading gold producer, with a portfolio spanning North America, South America, Australia, and Africa, and recognized for its strong environmental and social governance practices.
Newmont Corporation (NYSE: NEM) has received an upgrade from S&P Global Ratings, raising its issuer credit rating from BBB to BBB+ with a stable outlook. This upgrade is attributed to Newmont's strong balance sheet and disciplined capital allocation. In December 2021, the company issued the mining industry's first sustainability-linked bond worth $1 billion. Newmont reported $5 billion in consolidated cash and $8 billion in liquidity, with a net debt to adjusted EBITDA ratio of 0.2x. CEO Tom Palmer emphasized that the upgrade reflects the company's financial strength and its commitment to ESG principles.
Newmont Corporation (NYSE:NEM) has announced a definitive agreement to acquire properties in Tahltan Territory, British Columbia, from Skeena Resources Limited. The acquisition is contingent upon Skeena's acquisition of QuestEx Gold & Copper Ltd.. Newmont aims to support the Tahltan Stewardship Initiative, focusing on protecting lands important to the Tahltan Nation and the Iskut community, rather than for mineral development. This move reaffirms Newmont's commitment to sustainable practices and reconciliation with Indigenous communities.
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