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Newmont Corporation - NEM STOCK NEWS

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.

News

Newmont Appoints Mining Industry Veteran Francois Hardy as Chief Technology Officer

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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.
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Newmont Publishes 2023 Sustainability Report and 2023 Tax & Royalties Report

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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.
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Newmont Announces First Quarter 2024 Earnings Conference Call

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Newmont (NEM) will release its first quarter 2024 operations and financial results on April 25, 2024. The conference call will be held at 11:00 a.m. EDT, with webcast details available on the company's website.
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Newmont Completes $20 Million Global Community Support Fund, Partnering with Communities for Greater Resilience Post-Pandemic

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Newmont proudly announces the successful completion of the $20 million Global Community Support Fund, established in response to the global pandemic. The fund provided critical resources to host communities, supporting health, food security, and economic resilience. Newmont's commitment to social responsibility and community engagement is highlighted through partnerships with various organizations globally.
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Newmont Announces Pricing of Notes to Repay Outstanding Borrowings Under Revolving Credit Facility

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Newmont Corporation and Newcrest Finance Pty Limited have priced a private offering of $1 billion aggregate principal amount of 5.300% notes due 2026 and $1 billion aggregate principal amount of 5.350% notes due 2034. The Offering is expected to close on March 7, 2024, with the net proceeds intended for debt repayment and general corporate purposes.
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Newmont Announces Offering of Notes to Repay Outstanding Borrowings Under Revolving Credit Facility

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Newmont Corporation and Newcrest Finance Pty Limited have announced a private offering of notes due 2026 and 2034. The proceeds will be used to repay borrowings and for general corporate purposes.
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Newmont Completes COO Transition

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Newmont Corporation announces the departure of Rob Atkinson from the Executive Leadership Team and the transition of operational responsibilities to Natascha Viljoen. Atkinson's significant contributions include driving the Fatality Risk Management program and managing key milestones like the Goldcorp integration and Newcrest acquisition.
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Newmont Announces 2023 Mineral Reserves for Integrated Company of 136 Million Gold Ounces with Robust Copper Optionality of 30 Billion Pounds

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Newmont Corporation (NEM) reported a significant increase in gold Mineral Reserves for 2023, reaching 135.9 million ounces, driven by acquisitions and exploration. The company also added copper and silver reserves, positioning itself as a leader in responsible gold mining.
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Newmont Reports Fourth Quarter and Full Year 2023 Results; Provides 2024 Outlook for Integrated Company

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Newmont Corporation (NEM) announced fourth quarter and full year 2023 results, highlighting the completion of the acquisition of Newcrest Mining Limited, increased dividends to shareholders, production figures, costs, cash flow, reserves, and resources. The company reported a Net Loss of $2.5 billion due to impairment charges and integration costs but achieved Adjusted Net Income of $1.61 per share. The 2024 outlook includes production guidance of 6.9 million gold ounces, divestment of non-core assets, and progress on key development projects.
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Newmont Announces Balanced Capital Allocation Strategy and Return of Capital Framework Supported by Portfolio of Tier 1 Operations and Projects*

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Newmont Corporation announces key actions to deliver on its strategy, focusing on a Tier 1 portfolio, cost improvements, and capital allocation. The company plans to divest non-core assets, enhance project development capabilities, and establish a balanced capital allocation strategy. Newmont targets 6.7 million ounces of gold production by 2028 and aims for a sustainable capital spend to support key projects.
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FAQ

What is the current stock price of Newmont Corporation (NEM)?

The current stock price of Newmont Corporation (NEM) is $40.16 as of January 14, 2025.

What is the market cap of Newmont Corporation (NEM)?

The market cap of Newmont Corporation (NEM) is approximately 45.4B.

What is Newmont Corporation's primary business?

Newmont Corporation is the world's leading gold company and also produces copper, silver, zinc, and lead.

Where are Newmont's mining operations located?

Newmont's mining operations are located in North America, South America, Australia, and Africa.

What significant acquisitions has Newmont made recently?

Newmont acquired Goldcorp in 2019 and Newcrest Mining in November 2023.

How much gold is Newmont expected to produce in 2024?

Newmont is expected to produce approximately 6.9 million ounces of gold in 2024.

Is Newmont listed in any major stock indices?

Yes, Newmont is the only gold producer listed in the S&P 500 index.

What other minerals does Newmont produce?

In addition to gold, Newmont produces copper, silver, zinc, and lead.

What are Newmont's plans after acquiring Newcrest?

Newmont plans to sell a number of its higher-cost, smaller mines, which account for 20% of forecasted sales in 2024.

How long are Newmont's gold reserves expected to last?

Newmont's gold reserves are projected to last for about two decades as of December 2023.

When was Newmont founded?

Newmont was founded in 1921 and has been publicly traded since 1925.

What are Newmont's core values?

Newmont is renowned for its principled environmental, social, and governance practices, along with robust safety standards and technical proficiency.
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Newmont Corporation

NYSE:NEM

NEM Rankings

#290 Ranked by Market Cap
#1242 Ranked by Dividends

NEM Stock Data

45.44B
1.14B
0.08%
74.29%
1.59%
Gold
Gold and Silver Ores
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United States of America
DENVER