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 appointed two senior operational leaders: Mia Gous as Senior Vice President for the Australia Region and Alex Bates as Senior Vice President of Workplace Responsibility. Gous brings 27 years of experience in mining, previously managing Boddington, Australia's largest gold mine. Bates has been with Newmont since 2015, focusing on workplace safety and equity. The appointments aim to enhance operational excellence and foster a safe, inclusive workplace environment.
Newmont Corporation (NYSE: NEM) reported strong second quarter 2022 results, producing 1.5 million gold ounces and generating $514 million in free cash flow. The company updated its full-year guidance to 6.0 million gold ounces at a CAS of $900 per ounce and AISC of $1,150 per ounce. Adjusted Net Income stood at $0.46 per share, impacted by rising costs and declining metal prices. The quarterly dividend remains at $0.55 per share, and Newmont has $475 million remaining from its $1 billion share repurchase program. The firm also completed the acquisition of Sumitomo's 5% interest in Yanacocha, boosting its ownership to 100%.
Newmont Corporation (NYSE: NEM) announced a quarterly dividend of $0.55 per share for Q2 2022, payable on September 22, 2022, to shareholders on record by September 8, 2022. Future dividends will be determined by the Board of Directors based on the company's financial performance, cash flow, and other relevant factors. Newmont is a leading producer of gold and other minerals, recognized for its strong governance and operational standards, operating in favorable mining jurisdictions across North America, South America, Australia, and Africa.
Newmont Corporation (NYSE: NEM) will announce its second quarter 2022 financial results on Monday, July 25, 2022, before market opening. A conference call is scheduled for 10 a.m. Eastern Time on the same day, accessible via a dedicated dial-in number. The call will also be available on the Company’s website. Newmont, the leading global gold producer, operates in North America, South America, Australia, and Africa. Its commitment to environmental, social, and governance practices positions it as a leader in value creation.
Newmont Corporation (NYSE: NEM) has signed a profit-sharing agreement with its workforce at the Peñasquito mine in Zacatecas, Mexico, ensuring continued operations. The agreement allows for uncapped profit-sharing bonuses up to 10%, with an immediate financial impact of $70 million, reflecting 2021 results. CEO Tom Palmer highlighted the cooperation with the National Union of Mining and the absence of operational interruptions. This agreement strengthens the relationship between Newmont and its workforce, contributing positively to the mine's future.
Westwater Resources, Inc. (NYSE American: WWR) announces the retirement of Jeffrey L. Vigil, CFO, effective
Newmont Corporation has finalized a deal to acquire specific properties in Tahltan Territory, British Columbia, from Skeena Resources Limited. This acquisition aims to support land use planning objectives for the Tahltan Nation and the Iskut community, with no intention of developing the properties for mineral potential. Newmont emphasizes its commitment to sustainable resource development and collaboration with local stakeholders. The company previously acquired the Saddle North deposit in 2021, acknowledging the need for consent from the Tahltan people.
Newmont Corporation (NYSE: NEM) has released its 2021 Climate Report, aligning with TCFD recommendations, detailing its approach to climate change. Highlights include updated climate risk scenarios, science-based emissions reduction targets of 32% for Scope 1 and 2, and 30% for Scope 3 emissions by 2030, aiming for carbon neutrality by 2050. The report stresses investment in renewable energy and outlines progress towards energy consumption and emissions goals. Newmont reinforces its commitment to transparent ESG performance and sustainability.
Newmont Corporation (NYSE: NEM) reported robust first quarter 2022 results, producing 1.34 million attributable ounces of gold. The company achieved a consolidated cash flow of $689 million and a Free Cash Flow of $252 million. With a gold CAS of $890 per ounce and an AISC of $1,156 per ounce, Newmont remains on track to meet its full-year guidance. Notably, it declared a dividend of $0.55 per share and has $4.3 billion in cash, plus a BBB+ credit rating upgrade from S&P. The company is advancing key projects, including Tanami Expansion 2 and Yanacocha Sulfides, enhancing its long-term value.
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