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 ambitious climate targets, aiming for a 30% reduction in greenhouse gas emissions by 2030 and net zero carbon emissions by 2050. This new target builds on a previous commitment of 16.5% reduction achieved from 2016 to 2020. The company is implementing science-based criteria aligned with the Science-Based Targets Initiative (SBTi) to develop emissions reduction pathways and contribute to the Paris Agreement. Key measures include enhanced investment standards and annual reporting via TCFD guidelines.
Newmont Corporation (NYSE: NEM) reported third quarter 2020 results, achieving a record adjusted EBITDA of $1.7 billion and free cash flow of $1.3 billion. The company produced 1.5 million attributable ounces of gold, with a consolidated cash position of $4.8 billion. Newmont declared a quarterly dividend of $0.40 per share, marking a 60% increase from the previous quarter. The company remains on track to meet its full-year guidance and has formed joint ventures in Colombia and Canada. Health and safety protocols continue amidst the Covid pandemic.
Newmont Corporation (NYSE: NEM) announced a quarterly dividend of $0.40 per share, payable on December 28, 2020, to shareholders of record as of December 11, 2020. This dividend reflects a 60 percent increase from the previous $0.25 per share. The increase is supported by a framework that allocates 40 to 60 percent of incremental free cash flow to shareholders above a $1,200 per ounce gold price. Newmont's annualized dividend now stands at $1.60 per share, fueled by strong operational performance and a commitment to shareholder returns.
Newmont Corporation (NYSE: NEM) plans to release its third quarter 2020 operations and financial results on Thursday, October 29, 2020, before market opening. A conference call to discuss these results will take place at 12 p.m. Eastern Time on the same day, accessible via a provided dial-in number and the company's website. Newmont, recognized as a leading gold producer, emphasizes its strong operational framework, governance, and commitment to sustainability.
Newmont Corporation (NYSE: NEM) has established a 50-50 Exploration Joint Venture with Agnico Eagle Mines Limited to advance gold exploration in Colombia's Anzá project, covering around 200 km2. The project is strategically located near significant mining operations, approximately 50 km from Medellin. Agnico will initially fund the venture until Newmont's prior investment of $2.9 million is matched, after which funding will be shared equally. This partnership reflects both companies' commitment to responsible mining practices.