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 Corp (NEM), the world's leading gold producer, maintains this dedicated news hub for stakeholders tracking its global mining operations. Access real-time updates on strategic developments across its diversified portfolio of gold, copper, and multi-metal assets.
This resource consolidates official press releases, operational milestones, and regulatory filings to help investors and analysts monitor production trends, sustainability initiatives, and market positioning. Key updates include quarterly earnings disclosures, merger & acquisition activity, and progress reports from major mining jurisdictions.
Discover timely information on resource expansion projects, safety innovations, and leadership changes directly from the company. Bookmark this page for streamlined access to critical updates influencing Newmont's role in the global metals market.
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.
Newmont Corporation (NYSE: NEM) has declared a dividend of $0.55 per share for Q1 2022, payable on June 16, 2022, to shareholders on record as of June 2, 2022. Future dividends will be evaluated quarterly by the Board, based on factors like financial performance, cash flow, and market conditions. Newmont is recognized as a leading gold producer with operations across North America, South America, Australia, and Africa, emphasizing sustainable practices.
Newmont Corporation (NYSE: NEM) has announced its acquisition of a 5% interest in Yanacocha from Sumitomo Corporation for $48 million. This move will give Newmont full ownership of the Yanacocha district, where it plans to enhance production through the Sulfides project. The acquisition is part of Newmont’s strategy to consolidate its interests in the region and is expected to close in the second quarter of this year. Newmont aims to boost copper production, supporting green economy initiatives and extending the mine's operational life.
Newmont Corporation (NYSE: NEM) will report its first quarter 2022 financial results on Friday, April 22, 2022, before market opening. A conference call is scheduled at 10 a.m. ET to discuss these results, which will also be available on the company’s website. Investors can join the call via the provided dial-in numbers or through a webcast. Newmont is the leading gold producer, with a portfolio spanning North America, South America, Australia, and Africa, and recognized for its strong environmental and social governance practices.
Newmont Corporation (NYSE: NEM) has received an upgrade from S&P Global Ratings, raising its issuer credit rating from BBB to BBB+ with a stable outlook. This upgrade is attributed to Newmont's strong balance sheet and disciplined capital allocation. In December 2021, the company issued the mining industry's first sustainability-linked bond worth $1 billion. Newmont reported $5 billion in consolidated cash and $8 billion in liquidity, with a net debt to adjusted EBITDA ratio of 0.2x. CEO Tom Palmer emphasized that the upgrade reflects the company's financial strength and its commitment to ESG principles.
Newmont Corporation (NYSE:NEM) has announced a definitive agreement to acquire properties in Tahltan Territory, British Columbia, from Skeena Resources Limited. The acquisition is contingent upon Skeena's acquisition of QuestEx Gold & Copper Ltd.. Newmont aims to support the Tahltan Stewardship Initiative, focusing on protecting lands important to the Tahltan Nation and the Iskut community, rather than for mineral development. This move reaffirms Newmont's commitment to sustainable practices and reconciliation with Indigenous communities.
Newmont Corporation (NYSE:NEM) has received approval from the Yukon and Canadian governments, after consultations with Yukon First Nations, to proceed with the Coffee Gold Project. This decision follows a recommendation from the Yukon Environmental Socioeconomic Assessment Board. The project is expected to generate nearly 700 jobs during peak construction and is positioned as a significant asset for the region's economic development. Newmont emphasizes its commitment to responsible mining and collaboration with local stakeholders throughout the project's advancement.
Newmont Corporation (NYSE: NEM) reported a slight decrease in gold Mineral Reserves for 2021, totaling 92.8 million ounces, down from 94.2 million at the end of 2020. The company expanded its reserves with the acquisition of Buenaventura's interest in Minera Yanacocha, adding 2.7 million ounces of gold and other significant resources. Over 90% of reserves are in top-tier jurisdictions, and the company maintains a gold reserve life of over 10 years. Notably, copper reserves stand at 15.1 billion pounds.
Exploration expenditures are projected at $250 million for 2022, focusing on near-mine expansions.
Newmont Corporation (NYSE: NEM) reported strong full-year results for 2021, producing 6.0 million attributable gold ounces and 1.3 million gold equivalent ounces. The company met its updated guidance with cash from operations of $4.3 billion and Free Cash Flow of $2.6 billion. Newmont returned $2.3 billion to shareholders, including a $0.55 per share dividend. The company ended the year with $5.0 billion in cash and improved its production outlook for 2022 to 6.2 million ounces. Additionally, it announced the acquisition of Buenaventura's interest in Minera Yanacocha.
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