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 2022 production outlook, projecting attributable gold production of 6.2 million ounces and total gold equivalent production of 7.5 million ounces. The company forecasts a decline in all-in sustaining costs (AISC) from $1,050 per ounce to between $920 and $1,020 over the long term. Newmont also anticipates a capital expenditure of $1.2 billion for 2022, focused on significant projects. A strategic alliance with Caterpillar aims to enhance its mining technology, reinforcing the company's commitment to sustainable operations.
Newmont Corporation (NYSE: NEM) has strengthened its Board of Directors with the appointment of Dr. Emma FitzGerald and Mary Laschinger, effective December 1, 2021. Dr. FitzGerald brings over 20 years of experience in the energy sector, while Laschinger has extensive leadership experience in distribution solutions. This move aims to enhance the Board's governance and operational capabilities, reflecting Newmont's commitment to diversity and industry expertise. CEO Tom Palmer emphasized the importance of diverse backgrounds in their governance.
Newmont (NYSE: NEM) has agreed to sell its Kalgoorlie power business to Northern Star Resources Limited (ASX: NST) for a total of
Newmont Corporation (NYSE: NEM) has been included in the Dow Jones Sustainability™ World Index for the 14th consecutive year, placing it in the top 10% of the largest 2,500 companies assessed. Newmont scored the highest among 81 metals and mining companies, following their commitment to reduce greenhouse gas emissions by over 30% by 2030. The company earned top decile performance in 24 out of 25 categories of the S&P Global Corporate Sustainability Assessment.
Newmont Corporation (NYSE: NEM) announced the redemption of $492,105,000 in principal for its 3.500% Senior Notes due March 2022. This redemption will occur on December 15, 2021, at a price equal to the principal plus any accrued interest, with interest ceasing on the redemption date. Investors can direct inquiries about the redemption to The Bank of New York Mellon Trust Company.
Newmont is a leading gold producer with a diverse portfolio, emphasizing sustainable mining practices.
Newmont Corporation (NYSE: NEM) has formed a strategic alliance with Caterpillar Inc. to revolutionize mining through an all-electric autonomous haulage fleet. This partnership involves a preliminary investment of
Newmont Corporation (NYSE: NEM) announced it will release its 2022 guidance and long-term outlook on December 2, 2021, before market opening. A conference call will be held at 9 a.m. EST the same day, accessible via dial-in and webcast. Interested parties can join the call at 855.209.8210 (U.S.) or 412.317.5213 (International). The details will also be available on the company’s website. Newmont is recognized as a leading gold producer, with a focus on sustainable practices across its operations in North America, South America, Australia, and Africa.
Newmont Corporation reported its third quarter 2021 results, producing 1.45 million ounces of attributable gold and generating $1.1 billion in cash from operations. The company updated its full-year guidance to 6 million ounces of gold production with a cash cost (CAS) of $790 per ounce and all-in sustaining cost (AISC) of $1,050 per ounce. It declared a $0.55 dividend per share and completed $99 million of share repurchases as part of a $1 billion buyback program. Additionally, Newmont launched the gold industry's first Autonomous Haulage System fleet, enhancing productivity and safety.
Newmont Corporation (NYSE: NEM) declared a quarterly dividend of $0.55 per share, payable on December 28, 2021, to shareholders recorded by December 9, 2021. The future of dividends will depend on financial performance, cash flow, and other relevant factors. As a leading gold producer with operations in multiple favorable jurisdictions, Newmont emphasizes strong governance practices. Future dividends remain contingent on the company's financial results, gold prices, and external economic conditions.
Newmont Corporation (NYSE: NEM) has appointed Peter Toth as Executive Vice President of Strategic Development, effective July 1, 2022. Toth, a 25-year industry veteran, brings extensive experience from senior roles at Rio Tinto, BHP, and OM Holdings. His responsibilities will include strategic planning, growth initiatives, and partnership development for Newmont, reinforcing its position as the world’s leading gold company and ensuring sustainable practices. Toth holds degrees from Monash University, Deakin University, and the University of Melbourne.
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