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.
Newmont Corporation (NYSE: NEM) will report its third quarter 2022 financial results before the market opens on November 1, 2022. A conference call is scheduled for 10 a.m. Eastern Time the same day, available on the Company’s website. Interested parties can join by calling 833.927.1758 (or 929.526.1599 internationally) using the access code 420913. The third quarter results will also be made accessible in the Investor Relations section of Newmont’s website.
Newmont Corporation (NYSE: NEM) has announced that Nancy Buese will resign as Executive Vice President and Chief Financial Officer, effective November 1, to pursue another opportunity. Brian Tabolt, currently Vice President, Controller, and Chief Accounting Officer, will serve as interim CFO while the company conducts a global search for a permanent successor. Tom Palmer, CEO, praised Buese's leadership and expressed commitment to strengthening the Executive Leadership Team to support Newmont's future growth.
Glencore International AG has agreed to acquire Newmont Corporation's 18.75% stake in the MARA Project for $124.9 million, with an additional deferred payment of $30 million due upon commercial production. After the transaction, Glencore will control 43.75% of the project, which has proven reserves of 5.4 million tonnes of copper and 7.4 million ounces of gold. The transaction requires customary conditions and regulatory approvals.
Newmont Corporation (NYSE: NEM) has announced key executive appointments aimed at strengthening technical and operational leadership. Aaron Puna will join as Executive Vice President and Chief Technology Officer in January 2023, bringing extensive experience from Anglo American in Chile, where he achieved significant copper production milestones. Additionally, Mark Rodgers will transition to Senior Vice President – South America, while Bernard Wessels will become Senior Vice President – North America, both effective in October. These changes aim to bolster Newmont's global strategy and operations.
Newmont Corporation (NYSE: NEM) has announced a delay in the full-funds investment decision for the Yanacocha Sulfides project in Peru, rescheduled to the second half of 2024. The decision comes after a comprehensive review of the project's scope amid challenging market conditions, including inflation and supply chain disruptions. Dean Gehring has been appointed as Chief Development Officer for Peru to lead this initiative. Newmont aims to continue advanced engineering and procurement activities to mitigate risks and anticipates adding 525,000 gold equivalent ounces annually once the project is operational.
Newmont Corporation (NYSE: NEM) has released its inaugural Taxes and Royalties Contribution Report, aimed at enhancing transparency regarding its contributions to host communities and governments. In 2021, the company made direct economic contributions totaling $10.8 billion, which included $1.9 billion in taxes and royalties. Newmont's President and CEO, Tom Palmer, emphasized the importance of transparency in building trust with stakeholders.
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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.