Welcome to our dedicated page for Newmont news (Ticker: NEM), a resource for investors and traders seeking the latest updates and insights on Newmont stock.
Newmont Corporation reports news on gold mining operations, mineral reserves, project development and capital allocation across its global portfolio. The company is a gold producer that also produces copper, zinc, lead and silver, with assets and prospects in Africa, Australia, Latin America & Caribbean, North America and Papua New Guinea.
Recurring updates include quarterly and annual results, gold and by-product production, cost and capital guidance, mineral reserve statements, dividends, share repurchase authorizations, debt reduction and portfolio optimization. Company news also covers operational milestones such as commercial production at Ahafo North in Ghana, exploration and organic project pipeline activity, and governance or leadership matters tied to its mining organization.
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Newmont Corporation (NYSE: NEM) reported its first quarter 2023 results, producing 1.27 million gold ounces and achieving a dividend of $0.40 per share, payable on June 15, 2023. The company faced challenges with a net loss of $45 million in Free Cash Flow due to lower production volumes and heightened global costs. However, it generated $481 million in cash from operations and had a net income of $363 million. Newmont's expected full-year production is between 5.7 and 6.3 million ounces of attributable gold. The company reported a net debt to adjusted EBITDA ratio of 0.6x and highlighted its commitment to sustainability through the publication of its annual reports. The board indicated an annualized dividend payout range of $1.40 to $1.80 per share for 2023.
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Newmont Corporation (NYSE: NEM) will release its first quarter 2023 operations and financial results on April 27, 2023. A conference call is scheduled for 10 a.m. EST (8:00 a.m. MST) on the same day, available via the Company’s website. Investors can dial in at 833.470.1428 or 404.975.4839 internationally, using access code 034257. The call will be archived on Newmont's website for later access. Newmont is recognized as the world’s leading gold company, also producing copper, silver, zinc, and lead, with operations in favorable jurisdictions worldwide. It is the only gold producer listed on the S&P 500 Index, known for its strong environmental, social, and governance practices.