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) 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.
Newmont Corporation (NYSE: NEM) will announce its second quarter 2022 financial results on Monday, July 25, 2022, before market opening. A conference call is scheduled for 10 a.m. Eastern Time on the same day, accessible via a dedicated dial-in number. The call will also be available on the Company’s website. Newmont, the leading global gold producer, operates in North America, South America, Australia, and Africa. Its commitment to environmental, social, and governance practices positions it as a leader in value creation.
Newmont Corporation (NYSE: NEM) has signed a profit-sharing agreement with its workforce at the Peñasquito mine in Zacatecas, Mexico, ensuring continued operations. The agreement allows for uncapped profit-sharing bonuses up to 10%, with an immediate financial impact of $70 million, reflecting 2021 results. CEO Tom Palmer highlighted the cooperation with the National Union of Mining and the absence of operational interruptions. This agreement strengthens the relationship between Newmont and its workforce, contributing positively to the mine's future.
Westwater Resources, Inc. (NYSE American: WWR) announces the retirement of Jeffrey L. Vigil, CFO, effective August 26, 2022. He served over nine years and significantly contributed to the financial strategy for the ongoing construction of the Kellyton graphite processing facility in Alabama. Steven M. Cates, previously Chief Accounting Officer, is appointed as the new CFO. Cates has been integral to the company’s financial operations since joining in May 2021.
Newmont Corporation has finalized a deal to acquire specific properties in Tahltan Territory, British Columbia, from Skeena Resources Limited. This acquisition aims to support land use planning objectives for the Tahltan Nation and the Iskut community, with no intention of developing the properties for mineral potential. Newmont emphasizes its commitment to sustainable resource development and collaboration with local stakeholders. The company previously acquired the Saddle North deposit in 2021, acknowledging the need for consent from the Tahltan people.