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 completed its acquisition of GT Gold Corp. (TSX-V:GTT), securing the remaining 85.1% of common shares. This acquisition includes the Tatogga project, primarily the Saddle North deposit, which holds significant potential for future gold and copper production. Newmont's CEO, Tom Palmer, emphasized the importance of collaborating with the Tahltan Nation and the Government of British Columbia for project advancement. The deal enhances Newmont's portfolio in the Golden Triangle of British Columbia, which also includes its 50% stake in the Galore Creek project.
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Newmont Corporation (NYSE: NEM) reported solid first quarter 2021 results, producing 1.5 million ounces of gold and generating $841 million in cash from operations. The company's cost of gold sold was $752 per ounce, with an all-in sustaining cost of $1,039 per ounce. Newmont declared a consistent dividend of $0.55 per share and ended the quarter with $5.5 billion in cash. The company reduced debt by $550 million and launched a $3.0 billion sustainability-linked credit facility. Notably, production is expected to improve in the second half of the year, supported by the acquisition of GT Gold.
Newmont Corporation (NYSE: NEM) announced that over 90% of its shareholders endorsed all proposals at the Annual General Meeting. This includes a strong vote of confidence in the leadership team and the appointment of Gregory H. Boyce as Independent Chair of the Board. Boyce succeeds Noreen Doyle, enhancing the company’s governance. Tom Palmer, President and CEO, expressed gratitude for Doyle's leadership and optimism for the future as the company marks its 100th anniversary. Newmont is the leading gold company, recognized for its sustainable practices and strong operational capabilities.
Newmont Corporation (NYSE: NEM) announced a quarterly dividend of $0.55 per share, payable on June 17, 2021, to shareholders on record as of June 3, 2021. The decision on future dividends will depend on the company's financial performance and other relevant factors. As the only gold producer in the S&P 500 Index, Newmont is noted for its strong governance practices, technical expertise, and robust operational standards. However, the Board cautioned that future dividends are not guaranteed and are subject to market conditions and various risks, including those associated with COVID-19.
Newmont Corporation (NYSE: NEM) will report its first quarter 2021 operational and financial results before market open on April 29, 2021. A conference call will be held at 10 a.m. ET that same day, accessible via dial-in and webcast. The results can be found on the Company’s website in the “Investor Relations” section. Newmont is a leading producer of gold, copper, silver, zinc, and lead, recognized for its commitment to environmental, social, and governance practices.
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Infosys BPM has announced a five-year extension of its collaboration with Newmont Corporation to standardize and digitize delivery models across mine sites. This partnership aims to leverage automation and AI to enhance operational excellence and deliver greater business value. Key initiatives include improved invoice processing and real-time visibility into performance metrics through an analytics-driven platform. Both companies anticipate significant productivity improvements and cost savings from this strategic engagement, underscoring Infosys BPM's commitment to digital transformation in mining.
Newmont Corporation (NYSE: NEM, TSX: NGT) plans to redeem $550 million of its 3.625% Senior Notes due June 2021 on April 9, 2021. The redemption price will equal the principal amount plus accrued interest. Following the redemption, interest on the Notes will cease. Interested parties can contact The Bank of New York Mellon Trust Company for inquiries related to the Notes. Newmont emphasizes its commitment to responsible mining and is recognized for its strong environmental practices. The company is a major player in the mining sector, producing gold, copper, silver, zinc, and lead.
Newmont Corporation (NYSE: NEM, TSX: NGT) has announced a binding agreement to acquire the remaining 85.1% of GT Gold Corp. (TSX-V: GTT) for C$3.25 per share, totaling approximately US$311 million (C$393 million). This acquisition includes the Tatogga project in British Columbia's Golden Triangle region, which promises substantial gold and copper production at competitive costs. The deal is expected to close in the second quarter of 2021, pending standard approvals. Newmont aims to strengthen its relationships with Indigenous communities involved in the project.