Key Developments: Newmont Mining Corp (NEM)

NEM on New York Consolidated

19.53USD
26 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Newmont Mining Corp reaffirms FY 2014 production guidance
Thursday, 30 Oct 2014 05:18pm EDT 

Newmont Mining Corp:Says on track to meet FY 2014 production guidance of 4.7 to 5.0 mln attributable ounces of gold.Continues to expect FY 2014 total attributable copper production of 80,000 to 90,000 tonnes.  Full Article

Newmont Mining Corp declares quarterly dividend
Wednesday, 29 Oct 2014 12:56pm EDT 

Newmont Mining Corp:Declares a quarterly dividend of $0.025 per share of common stock.Payable on Dec. 26 to holders of record on Dec. 05.  Full Article

Newmont Mining Corp completes Sale of stake in Penmont joint venture in mexico
Monday, 6 Oct 2014 09:00pm EDT 

Newmont Mining Corp:Completes sale of its 44 pct stake in the Penmont joint venture pursuant to the announcement made by the company on Sept 12 for $450 mln in cash proceeds.In addition to Newmont's equity interest, Fresnillo plc acquired all assets and liabilities relating to Penmont.  Full Article

Auplata sets up joint venture with Newmont Mining Corp
Monday, 22 Sep 2014 12:40pm EDT 

Auplata SA:Sets up joint venture with Newmont Lasource SAS, a subsidiary of Newmont Mining Corp.Joint venture concerns mining rights (Exclusive Prospecting Licenses) for Bon Espoir and Irabcoubou Sud gold mines owned by Auplata in French Guiana.Exploration costs paid by Newmont could reach $12 million, entitling it to a stake in the joint venture of 75 percent.  Full Article

Newmont signs agreement to sell stake in Penmont joint venture in Mexico
Friday, 12 Sep 2014 02:00am EDT 

Newmont Mining Corporation:Says it has entered into a binding purchase and sale agreement with Fresnillo plc to divest its 44 percent stake in the Penmont joint venture in Mexico for a gross transaction value of about $477 million, including cash proceeds of $450 million at closing.Says Fresnillo is acquiring all assets and liabilities, including all employee and future environmental obligations.Says the sale is expected to close in early Oct.  Full Article

Newmont Mining Corp to Develop New Merian Gold Mine in Suriname
Tuesday, 29 Jul 2014 07:30pm EDT 

Newmont Mining Corp:Says that it will invest in developing the Merian gold mine in Suriname with strong local support for the project and expected all-in sustaining costs of between $750 and $850 per ounce in the first five years.Says the new mine is expected to begin production in late 2016, pending receipt of the Right of Exploitation from the government of Suriname.The total capital investment is approximately $900 million to $1,000 million, and the government of Suriname has the option to earn a 25 percent fully-funded equity ownership stake, including all project capital and operating expenses and an initial earn-in contribution.Says Newmont expects to fund its share of development through available cash balances and projected cash flows.  Full Article

Newmont Mining Corporation gives FY 2014 production guidance
Tuesday, 29 Jul 2014 07:15pm EDT 

Newmont Mining Corporation:Says that for FY 2014, it expects total gold production of 4.7 million to 5.0 million ounces up from 4.6 to 4.9 million ounces, an increase of two percent.Says CAS is now expected to be $720 to $760 per ounce reduced from $740 to $790 per ounce, a reduction of three percent.Says that the company also expects total copper production of 90 to 100 thousand tonnes at CAS of $2.80 to $3.10 per pound and AISC of $3.80 to $4.10 per pound.  Full Article

Newmont Mining Corp declares quarterly dividend of $0.025 per share
Tuesday, 22 Jul 2014 07:25pm EDT 

Newmont Mining Corp:Says that it has declared a quarterly dividend of $0.025 per share of common stock, payable on Sept. 26, 2014.Payable to holders of record at the close of business on Sept. 11, 2014.  Full Article

Newmont Mining Corp completes sale of jundee underground gold mine in Australia
Tuesday, 1 Jul 2014 06:41pm EDT 

Newmont Mining Corp:Says that it has completed the sale of its Jundee underground gold mine in Australia to Northern Star Resources Limited, for total proceeds of about $91 million.  Full Article

Newmont Mining Corp announces changes in registrant's certifying accountant - Form 8-K
Tuesday, 10 Jun 2014 06:06am EDT 

Newmont Mining Corp:On June 5, announces that Ernst & Young LLP (EY) will be appointed as its independent registered public accounting firm for the company's fiscal year ending Dec. 31, 2015.Says on June 5, the Committee dismissed PwC as the company's independent registered public accounting firm subject to completion of services for the fiscal year ending Dec. 31, 2014.  Full Article

Newmont earnings beat forecasts, gold miner cuts cost outlook

- Newmont Mining Corp reported lower third-quarter earnings on Thursday but the largest U.S.-based gold miner beat market expectations and also reduced its forecast for gold production costs this year.

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