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 Corp (NEM), the world's leading gold producer, maintains this dedicated news hub for stakeholders tracking its global mining operations. Access real-time updates on strategic developments across its diversified portfolio of gold, copper, and multi-metal assets.
This resource consolidates official press releases, operational milestones, and regulatory filings to help investors and analysts monitor production trends, sustainability initiatives, and market positioning. Key updates include quarterly earnings disclosures, merger & acquisition activity, and progress reports from major mining jurisdictions.
Discover timely information on resource expansion projects, safety innovations, and leadership changes directly from the company. Bookmark this page for streamlined access to critical updates influencing Newmont's role in the global metals market.
Newmont Corporation (NYSE: NEM) has submitted a non-binding proposal to acquire 100% of Newcrest Mining Limited through a scheme of arrangement. The proposal offers 0.380 Newmont shares for each Newcrest share, resulting in a combined ownership of 30% Newcrest and 70% Newmont. This acquisition aims to create a powerful entity among top gold producers, focusing on sustainable mining practices. The transaction is subject to due diligence, an implementation agreement, and approval from Newcrest's Board of Directors. Newmont emphasizes its commitment to shareholder interests amidst ongoing discussions.
Newmont Corporation (NYSE: NEM) will announce its 2023 guidance and fourth quarter 2022 results on February 23, 2023. The company aims to align its guidance release with industry practices and incorporate relevant macroeconomic conditions. A conference call will be held at 10 a.m. EST that day. Investors can access the call via the company’s website. Newmont, recognized as a leader in gold production and committed to high governance standards, operates globally across favorable mining jurisdictions.
Newmont Corporation (NYSE: NEM) reported stable third-quarter performance with 1.49 million ounces of attributable gold production, and $466 million in cash from operations. The company remains on track to meet full-year guidance of 6 million ounces of gold production. However, it recorded Free Cash Flow of $(63) million, influenced by one-time working capital payments. Newmont declared a $0.55 per share dividend and announced a $1 billion share repurchase program, with $475 million remaining. The Yanacocha Sulfides project faced delays, while the company advanced several near-term projects.
Newmont Corporation (NYSE: NEM) has declared a $0.55 dividend per share for Q3 2022, payable on December 29, 2022, to shareholders on record by December 8, 2022. This dividend reflects the company's commitment to returning cash to shareholders, totaling nearly $4 billion since adopting its dividend framework. Future dividend payments will depend on the Board's discretion based on financial performance, cash flow, and other relevant factors.
Newmont Corporation (NYSE: NEM) will report its third quarter 2022 financial results before the market opens on November 1, 2022. A conference call is scheduled for 10 a.m. Eastern Time the same day, available on the Company’s website. Interested parties can join by calling 833.927.1758 (or 929.526.1599 internationally) using the access code 420913. The third quarter results will also be made accessible in the Investor Relations section of Newmont’s website.
Newmont Corporation (NYSE: NEM) has announced that Nancy Buese will resign as Executive Vice President and Chief Financial Officer, effective November 1, to pursue another opportunity. Brian Tabolt, currently Vice President, Controller, and Chief Accounting Officer, will serve as interim CFO while the company conducts a global search for a permanent successor. Tom Palmer, CEO, praised Buese's leadership and expressed commitment to strengthening the Executive Leadership Team to support Newmont's future growth.
Glencore International AG has agreed to acquire Newmont Corporation's 18.75% stake in the MARA Project for
Newmont Corporation (NYSE: NEM) has announced key executive appointments aimed at strengthening technical and operational leadership. Aaron Puna will join as Executive Vice President and Chief Technology Officer in January 2023, bringing extensive experience from Anglo American in Chile, where he achieved significant copper production milestones. Additionally, Mark Rodgers will transition to Senior Vice President – South America, while Bernard Wessels will become Senior Vice President – North America, both effective in October. These changes aim to bolster Newmont's global strategy and operations.
Newmont Corporation (NYSE: NEM) has announced a delay in the full-funds investment decision for the Yanacocha Sulfides project in Peru, rescheduled to the second half of 2024. The decision comes after a comprehensive review of the project's scope amid challenging market conditions, including inflation and supply chain disruptions. Dean Gehring has been appointed as Chief Development Officer for Peru to lead this initiative. Newmont aims to continue advanced engineering and procurement activities to mitigate risks and anticipates adding 525,000 gold equivalent ounces annually once the project is operational.
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