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Newmont Corp - NEM STOCK NEWS

Welcome to our dedicated news page for Newmont (Ticker: NEM), a resource for investors and traders seeking the latest updates and insights on Newmont.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Newmont's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Newmont's position in the market.

Rhea-AI Summary
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 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 (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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-1.1%
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Rhea-AI Summary
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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5.12%
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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 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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4.82%
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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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-7.6%
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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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End-of-Day
-7.6%
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Rhea-AI Summary
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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Rhea-AI Sentiment
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-7.6%
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Rhea-AI Summary
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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-7.6%
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Newmont Corp

NYSE:NEM

NEM Rankings

NEM Stock Data

44.54B
1.15B
0.09%
71.58%
1.44%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Greenwood Village

About NEM

newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. the company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in north america, south america, australia and africa. newmont is the only gold producer listed in the s&p 500 index and is widely recognized for its principled environmental, social and governance practices. the company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. newmont was founded in 1921 and has been publicly traded since 1925.