Key Developments: Newmont Mining Corp (NEM)
30.63USD
17 May 2013
$-0.80 (-2.55%)
$31.43
$31.27
$31.32
$30.30
12,117,940
8,833,983
$57.93
$30.30
Latest Key Developments (Source: Significant Developments)
Newmont Mining Corp Declares Quarterly Dividend Of $0.35 Per Share
Newmont Mining Corp announced that Board of Directors declared a quarterly dividend of $0.35 per share of common stock, payable on June 27, 2013, to holders of record at the close of business on June 12, 2013. Full Article
Newmont Mining Corp Reaffirms FY 2013 Production Guidance
Newmont Mining Corp announced that it continues to expect fiscal 2013 attributable gold and copper production of 4.8 – 5.1 million ounces and 150 – 170 million pounds, respectively. Full Article
Newmont Mining Corp Announces Appointment Of Interim CFO-Form 8-K
Newmont Mining Corp reported in its Form 8-K that on February 20, 2013, the Board of Directors (Board) of Newmont Mining Corporation (Company) made the decision to conduct a search for a Chief Financial Officer (CFO) to succeed Mr. Russell Ball (who has continued to serve as Chief Financial Officer). Mr. Ball and the Company have since determined that May 2, 2013, will be Mr. Ball’s last day with the Company and that his service as Chief Financial Officer will cease on that date. Thomas P. Mahoney, has been appointed to serve as the Company’s interim Chief Financial Officer, effective May 2, 2013, for an undetermined period of time as the Company continues to conduct the employment search. Full Article
Newmont Mining Corp Announces Management Changes
Newmont Mining Corp announced that President and Chief Operating Officer Gary Goldberg has been named President and Chief Executive Officer and joined Newmont's Board of Directors, pursuant to a succession plan announced on December 3, 2012. Full Article
Newmont Mining Corp Declares Quarterly Dividend of $0.425 per share
Newmont Mining Corp announced its Board of Directors declared a quarterly dividend of $0.425 per share of common stock, payable on March 28, 2013, to holders of record at the close of business on March 13, 2013. Full Article
Newmont Mining Corp Issues FY 2013 Production Guidance
Newmont Mining Corp announced that for fiscal 2013, it expects gold and copper production to be approximately 4.8 to 5.1 million ounces and 150 to 170 million pounds, respectively, at costs applicable to sales of approximately $675 to $750 per ounce and $2.25 to $2.50 per pound, respectively. Full Article
Newmont Mining Corp Announces CEO Transition
Newmont Mining Corp announced that President and Chief Operating Officer Gary Goldberg will become President and Chief Executive Officer and join Newmont's Board of Directors on March 1, 2013. He will succeed Richard O'Brien who will step down as CEO and retire from the Board at that time. Full Article
Newmont Mining Corp Declares Quarterly Dividend Of $0.35 Per Share
Newmont Mining Corp announced that its Board of Directors declared a quarterly dividend of $0.35 per share of common stock, payable on December 28, 2012, to holders of record at the close of business on December 6, 2012. Full Article
Newmont Mining Corp Announces Acquisition Of Shares Of Loncor Resources Inc.
Newmont Mining Corp announced that its subsidiary, Newmont Canada FN Holdings ULC (Newmont Canada), acquired by private placement 4,850,000 common shares (Common Shares) of Loncor Resources Inc. (Loncor) at a price of Cdn.$1.05 per share for an aggregate investment of $5,092,500. After giving effect to the exercise of warrants (Warrants) to acquire 1,000,000 Common Shares held by Newmont Canada and assuming no other security holder converts its convertible securities, Newmont Canadawould own or control approximately 15,550,000 Common Shares, representing approximately 20.89% of the outstanding Common Shares (calculated based on 74,439,732 outstanding Common Shares, including the Common Shares issuable upon exercise of the Warrants held by Newmont Canada and 9,245,000 Common Shares issued by Loncor pursuant to a concurrent public offering). Newmont Canada acquired its securities in Loncor for investment purposes. In the future, Newmont Canada and its affiliates may increase (through the exercise of the Warrants or otherwise) or decrease their ownership in the securities of Loncor depending on the business and prospects of Loncor as well as market conditions. Full Article
Newmont Mining Corporation Lowers High End Of Prior FY 2012 Gold Production; Lowers FY 2012 Copper Production
Newmont Mining Corporation announced that for fiscal 2012, it expects attributable gold production to be in the range of 5.0 to 5.1 million ounces (from 5.0 to 5.2 million ounces), and narrowing its outlook on attributable copper production to 145 to 165 million pounds (from 150 to 170 million pounds). The lower attributable gold production outlook is due to lower tons mined at Tanami. The Company is maintaining its original outlook for gold and copper CAS of between $625 and $675 per ounce (on a co-product basis) and $1.80 and $2.20 per pound, respectively. Full Article
UPDATE 1-Newmont profit down as shipments, prices fall
April 29 - Newmont Mining Corp, the largest U.S.-based gold miner, reported a sharper-than-expected drop in first-quarter profit on Monday, as gold and copper shipments fell more than 10 percent and realized prices for the metals slid.
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