Welcome to our dedicated page for Newmont Corporation news (Ticker: NEM), a resource for investors and traders seeking the latest updates and insights on Newmont Corporation 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.
Newmont Corporation (NYSE: NEM) has announced its acquisition of Buenaventura's 43.65% stake in Minera Yanacocha for
Newmont Corporation (NYSE:NEM) has agreed to relinquish 1,835 quartz mining claims, covering 88,707.5 net mineral acres, to support the Yukon government’s efforts to protect environmentally sensitive areas linked to the Peel Watershed Regional Land Use Plan. Newmont CEO Tom Palmer emphasized the company's commitment to sustainable mining and collaboration with First Nations. While historical exploration indicated potential for copper and gold mineralization, Newmont has not pursued active exploration in this region due to the Peel watershed plan.
Newmont Corporation (NYSE: NEM) will report its full year and fourth quarter 2021 financial results on February 24, 2022, before market opening. A conference call is scheduled for 10 a.m. ET on the same day, accessible via their website. Investors can call 855.209.8210 or 412.317.5213 for international inquiries. Replay options will be available after the call. Newmont is a leading gold producer and has a diversified portfolio in favorable mining jurisdictions across North America, South America, Australia, and Africa.
Newmont Corporation (NYSE: NEM) has announced early results for its cash purchase offers for outstanding notes, including 3.700% Newmont Notes due 2023 and Goldcorp Notes due 2023. As of December 17, 2021, approximately $89.5 million (28%) of Newmont Notes and $4 million (4%) of Goldcorp Notes were tendered. The company plans to buy all validly tendered notes before the Early Settlement Date on December 20, 2021. However, Newmont did not obtain the necessary consents for executing supplemental indentures for the notes, meaning some will remain outstanding.
Newmont (NYSE: NEM) announced pricing terms for its Tender Offers to purchase cash any and all outstanding 3.700% Notes due 2023 from both Newmont and its subsidiary Goldcorp. The Total Consideration for each series is determined by a fixed spread and the Reference Yield. An Early Tender Payment of $50.00 per $1,000 principal of accepted Notes applies. Holders can tender their Notes until January 4, 2022. The early settlement date is anticipated for December 20, 2021. The company continues to uphold its financial strategies amidst market conditions.
Newmont Corporation (NYSE: NEM) announced the initiation of cash offers to purchase all outstanding 3.700% Notes due 2023 from both Newmont and its subsidiary Goldcorp Inc. The total principal amount outstanding is approximately
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