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 (NEM) is a gold ore mining company that describes itself as the world’s leading gold company and a producer of copper, zinc, lead, and silver. Its operations and investments span Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea, and it is the only gold producer included in the S&P 500 Index. The Newmont news feed on Stock Titan brings together company-issued updates and related coverage that reflect how this global miner manages its portfolio, projects, and leadership.
Investors following NEM news will see regular announcements of quarterly and full year financial results, often accompanied by earnings conference calls and webcasts. These releases discuss attributable gold production, realized gold prices, cost metrics, free cash flow, and guidance, as well as comments from Newmont’s leadership on performance and capital allocation. Form 8-K filings referenced in the news confirm that these results are furnished to the U.S. Securities and Exchange Commission.
Newmont’s news also highlights major project milestones. Recent examples include the first gold pour and subsequent declaration of commercial production at the Ahafo North project in Ghana, which the company characterizes as a significant mining development in West Africa. Such updates provide insight into how new operations move from construction and commissioning into full production within Newmont’s global portfolio.
Corporate and portfolio developments are another key theme in Newmont’s news flow. The company has reported asset and equity sales, such as the sale of the Coffee Project in Yukon, Canada, to Fuerte Metals Corporation and the sale of its interest in Orla Mining Ltd., describing these steps as part of efforts to streamline its portfolio. Leadership and governance changes, including CEO succession and executive transitions, are disclosed through coordinated news releases and SEC filings. For investors and analysts, tracking Newmont news offers a view into operational performance, project execution, portfolio reshaping, and leadership decisions that shape the company’s long-term direction.
Newmont and MKS PAMP have partnered to launch a traceable gold bar made exclusively with Newmont-mined gold, refined and minted by MKS PAMP in Switzerland. The PAMP 1oz Lady of Liberty gold bar is now available at the largest U.S. wholesaler, making gold ownership more accessible for wealth building.
The traceable gold bar utilizes the Provenance™ solution, which ensures complete segregation of the gold throughout the refining and minting process, guaranteeing transparency and full traceability. The bar is sealed within a secured CertiPAMP™ packaging, serving as a certificate of authenticity and quality excellence.
This collaboration marks the launch of their first co-branded traceable gold bar, reflecting their shared values and sustainability commitments. Notably, Newmont is the only gold producer listed in the S&P 500 Index and is recognized for its environmental, social, and governance practices.
Newmont (NYSE: NEM) has announced a definitive agreement to sell its Akyem operation in Ghana to Zijin Mining Group for up to $1 billion. This divestiture aligns with Newmont's strategy to focus on Tier 1 assets. The deal includes $900 million in cash upon closing and a potential additional $100 million subject to certain conditions.
The transaction, expected to close in Q4 2024, supports Newmont's capital allocation priorities, including strengthening its balance sheet and returning capital to shareholders. Newmont remains committed to Ghana, with plans to invest $950 million to $1,050 million in the Ahafo North gold mining project. The company ensured a fair divestment process, including opportunities for Ghanaian buyers and involvement of the Minerals Income Investment Fund (MIIF).
Newmont (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) has announced its upcoming Third Quarter 2024 Earnings Conference Call. The company will release its Q3 2024 operations and financial results after market close on Wednesday, October 23, 2024. A conference call to discuss these results is scheduled for Thursday, October 24, 2024, at 11:00 a.m. Eastern Daylight Time (9:00 a.m. Mountain Daylight Time).
Interested parties can join the call using the provided dial-in numbers and access code. A replay of the call will be available, and webcast materials will be accessible on the company's website under the Investor Relations section after market close on October 23. The conference call will also be archived on Newmont's website for a time.
Newmont (NYSE: NEM) has agreed to sell its Telfer operation, 70% interest in the Havieron gold-copper project, and other assets in Australia's Paterson region to Greatland Gold plc for up to $475 million. The transaction, expected to close in Q4 2024, includes:
- $207.5 million in cash
- $167.5 million in Greatland shares
- Up to $100 million in deferred contingent cash
This divestiture is part of Newmont's program to sell non-core assets, aiming for at least $2 billion in total proceeds. The company maintains its 2024 Tier 1 portfolio guidance, with minor adjustments to non-core production. Newmont's total attributable gold production for 2024 is projected at 6,750 Koz, with 5,630 Koz from Tier 1 assets.
Newmont (NYSE: NEM) announces that Lori Douglas, Head of Productivity for North America, has been honored as one of Paradigm for Parity's Women on the Rise for 2024. This recognition highlights Douglas's exceptional leadership and commitment to advancing women in the workplace. As executive sponsor of the Cripple Creek & Victor mine's Women and Allies Business Resource Group, she has led efforts to break down barriers for women in the mining industry.
Jennifer Cmil, Newmont's Chief People Officer, praised Douglas's role in championing IDE practices and driving cultural shifts to improve employee experience. The award celebrates women who are catalysts for change, embodying qualities such as courage, innovation, and dedication to fostering diversity and inclusion. Newmont, a founding member of the Paradigm for Parity coalition since 2016, continues its commitment to closing the gender gap and creating an inclusive work environment.
Newmont (NYSE: NEM) announces the expansion of next-generation 5G wireless networks in underground mining following successful trials at its Cadia mine in New South Wales, Australia. The trial, conducted in partnership with Ericsson and Telstra Purple, demonstrated significant improvements in network performance and reliability compared to existing wi-fi systems.
Key results include:
- Upload speeds increased from 20-30 Mbps to 90 Mbps in access drives and declines
- 150 Mbps upload and 500 Mbps download achieved in extraction drives
- Persistent and dependable connections, resolving historic wi-fi limitations
Newmont plans to leverage 5G technology to deploy more autonomous fleet equipment and enhance safety systems across its global network of Tier 1 underground gold-copper mines.
Newmont (NYSE: NEM) reported its Q2 2024 results, announcing 2.1 million gold equivalent ounces produced and $594 million in free cash flow. The company declared a $0.25/share dividend, repurchased $250 million in shares, and reduced debt by $250 million. Key achievements include $1.4 billion in cash from operations, $857 million in net income, and $2.0 billion in adjusted EBITDA. Newmont achieved $100 million in synergies from the Newcrest acquisition and expects $500 million annually by 2025. Q2 returns to shareholders totaled $539 million.
Newmont (NYSE: NEM) will release its Q2 2024 financial and operational results after market close on July 24, 2024. The company has scheduled a conference call to discuss these results on July 25, 2024 at 11:00 a.m. EDT. Interested parties can join the call using the provided dial-in numbers and access code. A replay of the call will be available on Newmont's website for a time, along with the webcast materials. The conference call aims to provide insights into the company's financial performance and strategic developments, potentially impacting investor decisions.
Newmont (NYSE: NEM) has appointed Harry M. (Red) Conger to its Board of Directors. Conger, who brings over 46 years of mining and leadership experience, will also serve on the Safety and Sustainability Committee. He previously held prominent roles at Teck Resources, Freeport-McMoRan, and Phelps Dodge His vast experience includes improving operational efficiencies and maintaining stable production through challenging cycles. Conger has also been an active figure in the mining community, holding leadership positions in various industry organizations and receiving numerous accolades for his contributions to the sector.
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