Newmont Corp - NEM STOCK NEWS

Newmont (NYSE: NEM) has agreed to sell its Telfer operation, 70% interest in the Havieron gold-copper project, and other assets in Australia's Paterson region to Greatland Gold plc for up to $475 million. The transaction, expected to close in Q4 2024, includes:

- $207.5 million in cash
- $167.5 million in Greatland shares
- Up to $100 million in deferred contingent cash

This divestiture is part of Newmont's program to sell non-core assets, aiming for at least $2 billion in total proceeds. The company maintains its 2024 Tier 1 portfolio guidance, with minor adjustments to non-core production. Newmont's total attributable gold production for 2024 is projected at 6,750 Koz, with 5,630 Koz from Tier 1 assets.

Newmont (NYSE: NEM) announces that Lori Douglas, Head of Productivity for North America, has been honored as one of Paradigm for Parity's Women on the Rise for 2024. This recognition highlights Douglas's exceptional leadership and commitment to advancing women in the workplace. As executive sponsor of the Cripple Creek & Victor mine's Women and Allies Business Resource Group, she has led efforts to break down barriers for women in the mining industry.

Jennifer Cmil, Newmont's Chief People Officer, praised Douglas's role in championing IDE practices and driving cultural shifts to improve employee experience. The award celebrates women who are catalysts for change, embodying qualities such as courage, innovation, and dedication to fostering diversity and inclusion. Newmont, a founding member of the Paradigm for Parity coalition since 2016, continues its commitment to closing the gender gap and creating an inclusive work environment.

Newmont (NYSE: NEM) announces the expansion of next-generation 5G wireless networks in underground mining following successful trials at its Cadia mine in New South Wales, Australia. The trial, conducted in partnership with Ericsson and Telstra Purple, demonstrated significant improvements in network performance and reliability compared to existing wi-fi systems.

Key results include:

• Upload speeds increased from 20-30 Mbps to 90 Mbps in access drives and declines
• 150 Mbps upload and 500 Mbps download achieved in extraction drives
• Persistent and dependable connections, resolving historic wi-fi limitations

Newmont plans to leverage 5G technology to deploy more autonomous fleet equipment and enhance safety systems across its global network of Tier 1 underground gold-copper mines.

Newmont (NYSE: NEM) reported its Q2 2024 results, announcing 2.1 million gold equivalent ounces produced and $594 million in free cash flow. The company declared a $0.25/share dividend, repurchased $250 million in shares, and reduced debt by $250 million. Key achievements include $1.4 billion in cash from operations, $857 million in net income, and $2.0 billion in adjusted EBITDA. Newmont achieved $100 million in synergies from the Newcrest acquisition and expects $500 million annually by 2025. Q2 returns to shareholders totaled $539 million.

Newmont (NYSE: NEM) will release its Q2 2024 financial and operational results after market close on July 24, 2024. The company has scheduled a conference call to discuss these results on July 25, 2024 at 11:00 a.m. EDT. Interested parties can join the call using the provided dial-in numbers and access code. A replay of the call will be available on Newmont's website for a time, along with the webcast materials. The conference call aims to provide insights into the company's financial performance and strategic developments, potentially impacting investor decisions.

Newmont (NYSE: NEM) has appointed Harry M. (Red) Conger to its Board of Directors. Conger, who brings over 46 years of mining and leadership experience, will also serve on the Safety and Sustainability Committee. He previously held prominent roles at Teck Resources, Freeport-McMoRan, and Phelps Dodge His vast experience includes improving operational efficiencies and maintaining stable production through challenging cycles. Conger has also been an active figure in the mining community, holding leadership positions in various industry organizations and receiving numerous accolades for his contributions to the sector.

Newmont (NEM) reported strong first quarter 2024 results, with 2.2 million gold equivalent ounces produced and over $1.4 billion in cash from operations. The company declared a dividend of $0.25 per share and generated $776 million in cash from operating activities. Newmont remains focused on achieving full-year guidance, delivering synergies, and creating value for investors. The company also announced the sale of non-core assets, refinanced debt, and published sustainability and contribution reports.

Newmont appoints Francois Hardy as Chief Technology Officer, bringing over 30 years of mining industry experience to enhance operational performance and drive growth. Hardy's extensive background includes roles at Newmont, Avmin , and De Beers Consolidated Mines, positioning him as a valuable addition to Newmont's Executive Leadership Team. Hardy will focus on leveraging technology and innovation to optimize company operations.

Newmont published its 2023 Sustainability Report and 2023 Taxes and Royalties Contributions Report, marking its 20th anniversary of transparent sustainability reporting. The reports showcase the company's ESG efforts, socio-economic contributions, and financial data, emphasizing its commitment to responsible resource management and sustainability. Newmont's sustainability initiatives include safety programs, gender diversity goals, water conservation efforts, and community support during the COVID-19 pandemic. The company's tax and royalties report highlights its economic impact, with $1.3 billion paid to governments in 2023.