Newmont Corp Stock Price, News & Analysis

Newmont Corporation (NYSE: NEM) has announced its 2022 production outlook, projecting attributable gold production of 6.2 million ounces and total gold equivalent production of 7.5 million ounces. The company forecasts a decline in all-in sustaining costs (AISC) from $1,050 per ounce to between $920 and $1,020 over the long term. Newmont also anticipates a capital expenditure of $1.2 billion for 2022, focused on significant projects. A strategic alliance with Caterpillar aims to enhance its mining technology, reinforcing the company's commitment to sustainable operations.

Newmont Corporation (NYSE: NEM) has strengthened its Board of Directors with the appointment of Dr. Emma FitzGerald and Mary Laschinger, effective December 1, 2021. Dr. FitzGerald brings over 20 years of experience in the energy sector, while Laschinger has extensive leadership experience in distribution solutions. This move aims to enhance the Board's governance and operational capabilities, reflecting Newmont's commitment to diversity and industry expertise. CEO Tom Palmer emphasized the importance of diverse backgrounds in their governance.

Newmont (NYSE: NEM) has agreed to sell its Kalgoorlie power business to Northern Star Resources Limited (ASX: NST) for a total of US$95 million. This amount includes a US$25 million option payment received earlier for Newmont's 50% stake in Kalgoorlie Consolidated Gold Mines. The Kalgoorlie power business has been a profitable asset for Newmont, supplying electricity to KCGM. Newmont aims to focus on enhancing value at its Boddington and Tanami operations post-sale.

Newmont Corporation (NYSE: NEM) has been included in the Dow Jones Sustainability™ World Index for the 14th consecutive year, placing it in the top 10% of the largest 2,500 companies assessed. Newmont scored the highest among 81 metals and mining companies, following their commitment to reduce greenhouse gas emissions by over 30% by 2030. The company earned top decile performance in 24 out of 25 categories of the S&P Global Corporate Sustainability Assessment.

Newmont Corporation (NYSE: NEM) announced the redemption of $492,105,000 in principal for its 3.500% Senior Notes due March 2022. This redemption will occur on December 15, 2021, at a price equal to the principal plus any accrued interest, with interest ceasing on the redemption date. Investors can direct inquiries about the redemption to The Bank of New York Mellon Trust Company.

Newmont is a leading gold producer with a diverse portfolio, emphasizing sustainable mining practices.

Newmont Corporation (NYSE: NEM) has formed a strategic alliance with Caterpillar Inc. to revolutionize mining through an all-electric autonomous haulage fleet. This partnership involves a preliminary investment of $100 million to deploy 26 Battery Electric Autonomous Vehicles by 2027 across mines in Colorado and Australia. The initiative aims to significantly reduce greenhouse gas emissions, targeting a 30% reduction by 2030 and achieving net zero by 2050. The collaboration seeks to enhance safety, efficiency, and sustainability in mining operations.

Newmont Corporation (NYSE: NEM) announced it will release its 2022 guidance and long-term outlook on December 2, 2021, before market opening. A conference call will be held at 9 a.m. EST the same day, accessible via dial-in and webcast. Interested parties can join the call at 855.209.8210 (U.S.) or 412.317.5213 (International). The details will also be available on the company’s website. Newmont is recognized as a leading gold producer, with a focus on sustainable practices across its operations in North America, South America, Australia, and Africa.

Newmont Corporation reported its third quarter 2021 results, producing 1.45 million ounces of attributable gold and generating $1.1 billion in cash from operations. The company updated its full-year guidance to 6 million ounces of gold production with a cash cost (CAS) of $790 per ounce and all-in sustaining cost (AISC) of $1,050 per ounce. It declared a $0.55 dividend per share and completed $99 million of share repurchases as part of a $1 billion buyback program. Additionally, Newmont launched the gold industry's first Autonomous Haulage System fleet, enhancing productivity and safety.

Newmont Corporation (NYSE: NEM) declared a quarterly dividend of $0.55 per share, payable on December 28, 2021, to shareholders recorded by December 9, 2021. The future of dividends will depend on financial performance, cash flow, and other relevant factors. As a leading gold producer with operations in multiple favorable jurisdictions, Newmont emphasizes strong governance practices. Future dividends remain contingent on the company's financial results, gold prices, and external economic conditions.