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) 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.
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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.
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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.