Newmont Corp Stock Price, News & Analysis

Newmont Corporation (NYSE:NEM) has agreed to relinquish 1,835 quartz mining claims, covering 88,707.5 net mineral acres, to support the Yukon government’s efforts to protect environmentally sensitive areas linked to the Peel Watershed Regional Land Use Plan. Newmont CEO Tom Palmer emphasized the company's commitment to sustainable mining and collaboration with First Nations. While historical exploration indicated potential for copper and gold mineralization, Newmont has not pursued active exploration in this region due to the Peel watershed plan.

Newmont Corporation (NYSE: NEM) will report its full year and fourth quarter 2021 financial results on February 24, 2022, before market opening. A conference call is scheduled for 10 a.m. ET on the same day, accessible via their website. Investors can call 855.209.8210 or 412.317.5213 for international inquiries. Replay options will be available after the call. Newmont is a leading gold producer and has a diversified portfolio in favorable mining jurisdictions across North America, South America, Australia, and Africa.

Newmont Corporation (NYSE: NEM) has announced early results for its cash purchase offers for outstanding notes, including 3.700% Newmont Notes due 2023 and Goldcorp Notes due 2023. As of December 17, 2021, approximately $89.5 million (28%) of Newmont Notes and $4 million (4%) of Goldcorp Notes were tendered. The company plans to buy all validly tendered notes before the Early Settlement Date on December 20, 2021. However, Newmont did not obtain the necessary consents for executing supplemental indentures for the notes, meaning some will remain outstanding.

Newmont (NYSE: NEM) announced pricing terms for its Tender Offers to purchase cash any and all outstanding 3.700% Notes due 2023 from both Newmont and its subsidiary Goldcorp. The Total Consideration for each series is determined by a fixed spread and the Reference Yield. An Early Tender Payment of $50.00 per $1,000 principal of accepted Notes applies. Holders can tender their Notes until January 4, 2022. The early settlement date is anticipated for December 20, 2021. The company continues to uphold its financial strategies amidst market conditions.

Newmont Corporation (NYSE: NEM) announced the initiation of cash offers to purchase all outstanding 3.700% Notes due 2023 from both Newmont and its subsidiary Goldcorp Inc. The total principal amount outstanding is approximately $323.15 million for Newmont Notes and $90.55 million for Goldcorp Notes. Alongside the offers, Newmont is soliciting consents to amend indentures related to both series of notes. The early tender deadline is set for December 17, 2021, with the expiration time on January 4, 2022.

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.