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, TSX: NGT) reported gold Mineral Reserves of 94.2 million ounces for 2020, a decrease from 95.7 million ounces in 2019. The company replaced 80% of its depletion and added 6 million ounces through exploration, despite operational challenges due to the pandemic. Over 90% of its reserves are in top-tier jurisdictions, ensuring stable production for over 10 years. Newmont's strategic operations and disciplined model continue to solidify its position as the world's leading gold producer.
Newmont Corporation (NYSE: NEM, TSX: NGT) has launched the Newmont Global Center for Indigenous Community Relations to enhance engagement with Indigenous Peoples. This initiative aims to foster awareness, education, and collaboration within the mining sector. The center will focus on three key areas: Partnership and Learning Network, Respect for Customs and Culture, and Opportunities for Indigenous People. Based in Vancouver, Canada, it will collaborate with an Advisory Council and an internal team to improve practices across all operational jurisdictions globally.
Newmont Corporation (NYSE: NEM, TSX: NGT) has authorized a share repurchase program for up to $1.0 billion of common equity, with execution planned over the next 18 months. This initiative complements Newmont’s strong dividend framework, aiming to balance reinvestment and returns to shareholders. The program builds on a previous $1.0 billion buyback executed in 2020, which effectively retired 22 million shares at an average price of $45. Newmont's commitment has returned over $2.7 billion to shareholders since 2019 through dividends and buybacks.
Newmont Corporation (NYSE: NEM, TSX: NGT) will report its full year and Q4 2020 financial results on February 18, 2021, before market opens. A conference call is scheduled for 10 a.m. ET on the same day, also available via their website. Investors can access the results from the Investor Relations section of Newmont's website. With its global presence in mining, Newmont emphasizes its commitment to environmental, social, and governance practices.
Newmont Corporation (NYSE: NEM, TSX: NGT) will release its 2020 Reserves and Resources before market opens on February 10, 2021. An exploration update conference call is scheduled for 9 a.m. Eastern Time on the same day. Participants can join via specific dial-in numbers provided, and the event will also be available as a webcast on Newmont's website, where archive materials will be accessible post-conference. Newmont is recognized as the world's leading gold producer with a global portfolio of mining assets.
Newmont Corporation (NYSE: NEM, TSX: NGT) has successfully integrated the Alumbrera mine and infrastructure with Yamana Gold's Agua Rica project, creating the MARA project. This integration finalizes a joint venture where Newmont holds 18.75%, Glencore 25%, and Yamana 56.25%. President and CEO Tom Palmer highlighted that this partnership enhances the sustainability of both sites. The Agua Rica project will leverage Alumbrera's existing infrastructure to process ore, unlocking significant value and contributing to Newmont's world-class portfolio.
Newmont Corporation (NYSE: NEM) announced a robust outlook for gold production, projecting 6.5 million ounces for 2021 and between 6.2 to 6.7 million ounces for 2022-2023. The All-in Sustaining Costs (AISC) are forecasted to improve from $970 per ounce in 2021 to $800-$900 by 2024-2025. Capital expenditures are estimated at $950 million for 2021, with a sustainable dividend of $1.00 per share. Additionally, Newmont is investing $500 million in climate initiatives to cut emissions by 30% by 2030. The company aims for a stable, growth-focused trajectory while returning over $2.7 billion to shareholders since 2019.
Newmont Corporation (NYSE: NEM) announced the successful completion of two critical projects at its Musselwhite mine in Ontario, Canada. The full commissioning of the conveyor system and the material handling project will enhance efficiency by reducing haul distances, allowing ore to be moved from underground crushers to the surface effectively. CEO Tom Palmer highlighted the team's efforts in overcoming challenges posed by COVID-19, emphasizing Musselwhite's long-term significance in Newmont's North America portfolio.
Newmont Corporation (NYSE: NEM) will release its 2021 guidance and long-term outlook before the market opens on December 8, 2020. An investor update conference call is scheduled for 9 a.m. ET the same day. The conference call, which will also be available on the Company's website, aims to provide insights into Newmont's strategic direction and overall performance. Interested parties can join via the provided dial-in numbers or access the webcast online.
Newmont Corporation (NYSE: NEM) has been included in the Dow Jones Sustainability™ World Index for the 13th consecutive year, ranking in the top 10% of the largest 2,500 companies. The assessment evaluates ESG performance via the 2020 SAM Corporate Sustainability Assessment, where Newmont was the top-ranked gold miner for the sixth year in a row. The company also announced greenhouse gas emissions reduction goals of 30% by 2030 and aims for net zero by 2050, highlighting its commitment to sustainable practices.
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