Bank New York Mellon Corp Stock Price, News & Analysis

BNY Mellon has appointed Jennifer Barker as the new Chief Executive Officer of its Treasury Services business, effective May 2, 2022. She brings nearly two decades of experience in treasury services from JP Morgan. Barker will lead initiatives to enhance digital transformation, sustainability, and growth. Recent achievements of the Treasury Services include pioneering real-time e-bills and supporting the new SWIFT Go cross-border payments system. BNY Mellon manages $46.7 trillion in assets under custody as of Dec. 31, 2021.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. has completed its quarterly tender offer for up to 2.5% of its common stock. The tender offer, which closed on February 11, 2022, was oversubscribed, leading to pro rata purchases based on the number of shares tendered. A total of 268,080 shares were tendered, with 58,439 shares to be purchased at a purchase price of $102.70 per share, representing the Fund's net asset value as of December 31, 2021. Shareholders can obtain further details from Georgeson LLC.

Newmont Corporation (NYSE: NEM) has announced its acquisition of Buenaventura's 43.65% stake in Minera Yanacocha for $300 million, with potential contingent payments up to $100 million. The deal aims to consolidate Newmont's position in the Yanacocha district, enhancing its sulfides project, projected to produce 525,000 gold equivalent ounces annually. The acquisition ties into Newmont's long-term goal of sustainable mining in Peru. The expected investment decision is set for late 2022, securing growth and sustainability for the future.

Compañia de Minas Buenaventura S.A.A (NYSE: BVN) announced the sale of its 43.65% stake in Minera Yanacocha for net proceeds of US$ 300 million plus potential future payments of up to US$ 100 million

This move aims to strengthen its balance sheet, reduce debt, and enhance shareholder returns. Concurrently, Buenaventura acquires Newmont's share in the La Zanja joint venture and receives $45 million for closure costs. CEO Leandro Garcia emphasized a focus on reinforcing financial stability and operational performance, although he acknowledged that 2022 will be challenging.

Verituity has joined BNY Mellon's Accelerator Program to enhance payment technology aimed at creating faster, verified payout solutions. This partnership focuses on delivering advanced disbursement capabilities through a cloud-based platform that emphasizes security and efficiency. With BNY Mellon supporting the integration of innovative payment solutions, Verituity aims to reduce fraud, lower costs, and improve customer satisfaction. BNY Mellon, managing $46.7 trillion in assets, seeks to revolutionize how businesses address digital payment challenges through collaborations with emerging tech companies like Verituity.

BNY Mellon Investment Management has released a significant study titled Pathway to Inclusive Investment, which investigates barriers hindering female investment participation. The survey included 8,000 respondents across 16 markets and revealed that if women invested at rates comparable to men, an additional $3.22 trillion could be available globally, with $1.87 trillion directed towards responsible investments. Key barriers identified include income perception, risk tolerance, and lack of confidence. The firm emphasizes the necessity of engaging women in investing for broader societal benefits.

Compañia de Minas Buenaventura S.A.A. reported its 4Q21 production results and outlined production guidance for 2022. In 4Q21, the company produced 19,358 ounces of gold at Orcopampa and 1,499,305 ounces of silver at El Brocal. Total gold production for FY21 reached 50,020 ounces, while silver production totaled 6,158,981 ounces. For 2022, gold production is guided at 57k - 65k ounces and silver at 4.2M - 4.8M ounces. Overall, Buenaventura maintains a strong outlook for precious metal production.