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Newmont Mining Corp (NEM)

NEM on New York Consolidated

34.11USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Newmont Mining amends credit agreement
Friday, 26 May 2017 05:14pm EDT 

May 26 (Reuters) - Newmont Mining Corp :Newmont mining- on may 25 entered amendment and restatement agreement to its existing credit agreement dated as of may 20, 2011 - sec filing.Newmont mining- amendment,restatement agreement restates credit agreement to extend maturity date of credit agreement from may 3, 2020 to may 25, 2022.Newmont mining corp - in connection with amendment and restatement agreement, newmont usa, reaffirmed guarantee under the credit agreement, as amended.  Full Article

Newmont Mining Corp to invest approximately U.S.$109 mln for 19.9 pct ownership of Continental Gold Inc
Thursday, 11 May 2017 06:02am EDT 

May 11 (Reuters) - Continental Gold Inc : :Newmont Mining Corp- announced an agreement to invest approximately U.S.$109 million for 19.9 percent ownership of Continental Gold Inc.Newmont Mining - agreed to purchase 37.38 million common shares of continental in a non-brokered private placement at a price of C$4.00 per share..Newmont Mining Corp- terms of investment agreement include Newmont's right to participate in future equity issuance to maintain its ownership stake.Newmont Mining Corp- terms of investment agreement include Newmont holding a seat on continental's board of directors.Newmont Mining - terms of agreement include two cos establishing joint technical and sustainability committees and strategic exploration alliance.  Full Article

Newmont Mining reports Q1 GAAP earnings per share $0.13 from continuing operations
Monday, 24 Apr 2017 04:15pm EDT 

April 24 (Reuters) - Newmont Mining Corp :Newmont announces first quarter 2017 results.Q1 revenue $1.7 billion versus I/B/E/S view $1.75 billion.Q1 adjusted earnings per share $0.25.Q1 GAAP earnings per share $0.13 from continuing operations.Q1 earnings per share view $0.22 -- Thomson Reuters I/B/E/S.Newmont Mining Corp says attributable gold production increased nine percent to 1.23 million ounces for quarter.Newmont Mining Corp - attributable gold production guidance for 2017 remains at between 4.9 and 5.4 million ounces.Newmont Mining Corp says attributable copper production from Phoenix and Boddington was unchanged at 13,000 tonnes for quarter.Newmont Mining Corp - qtrly gold aisc was in-line with prior quarter at $900 per ounce.Newmont Mining Corp - attributable gold production guidance for 2018 and longer-term guidance improves to between 4.7 and 5.2 million ounces.Newmont Mining Corp - gold cas guidance remains unchanged at between $700 and $750 per ounce for 2017, between $700 and $800 per ounce for 2018.Newmont Mining Corp - copper aisc improved 17 percent to $1.77 per pound for quarter on improved unit cas..Newmont Mining - gold aisc guidance for 2017 and 2018 is unchanged.Newmont Mining Corp - longer-term aisc guidance is improved to between $870 and $970 per ounce of gold.Newmont Mining - Boddington and Phoenix are expected to produce between 40,000 and 60,000 tonnes of copper per year, unchanged from previous guidance.  Full Article

Newmont adds profitable gold production through expansion of Ahafo in Ghana
Thursday, 20 Apr 2017 09:32am EDT 

April 20 (Reuters) - Newmont Mining Corp :Newmont adds profitable gold production through expansion of Ahafo in Ghana.Newmont Mining Corp - Mill expansion is expected to improve margins and support profitable production at Ahafo through at least 2029.Newmont Mining - Plans to extend production at its ahafo operations by building new underground mine and expanding plant capacity by more than 50 percent.  Full Article

Newmont Mining Corp declares quarterly dividend $0.05 per share
Wednesday, 19 Apr 2017 04:05pm EDT 

April 19 (Reuters) - Newmont Mining Corp -:Newmont Mining Corp - declared a quarterly dividend of $0.05 per share of common stock, dividend is double the dividend paid in prior year quarter.  Full Article

Newmont reports Q4 gaap loss per share $0.73
Tuesday, 21 Feb 2017 04:20pm EST 

Newmont Mining Corp - : Newmont announces full year and fourth quarter 2016 results . Q4 adjusted earnings per share $0.25 . Q4 gaap loss per share $0.73 from continuing operations . Q4 gaap loss per share $0.73 . Q4 earnings per share view $0.33 -- Thomson Reuters I/B/E/S . Newmont Mining Corp - total capital is expected to be between $800 and $900 million in 2017 . Newmont Mining Corp - attributable gold production expected to increase to between 4.9 and 5.4 million ounces in 2017 . Newmont Mining Corp says gold cas totaled $3.5 billion for year and $976 million for quarter . Newmont Mining Corp - outlook for gold cas is expected to be between $700 and $750 per ounce in 2017 and between $700 and $800 per ounce in 2018 . Newmont Mining - 2017 sustaining capital outlook of between $600 and $700 million represents a 24 percent reduction from previously published guidance . Newmont Mining Corp says gold cas per ounce rose three percent to $682 per ounce for year and five percent to $681 per ounce for quarter . Newmont Mining Corp says Q4 attributable gold production improved 17 percent to 1.3 million ounces . Newmont mining corp sees longer-term gold production of between 4.5 and 5.0 million ounces . Newmont Mining-expects to reach development decisions on ahafo mill expansion,subika underground,quecher main,twin underground projects later this year.  Full Article

Newmont appoints Nancy Buese to succeed Laurie Brlas as CFO
Wednesday, 26 Oct 2016 05:02pm EDT 

Newmont Mining Corp : Newmont appoints Nancy K. Buese to succeed Laurie Brlas as executive vice president and chief financial officer . Newmont Mining Corp says Brlas will retire from her position with Newmont to focus on external board work .Newmont Mining Corp- Brlas will remain with company through end of year.  Full Article

Newmont Mining appoints Andrew Woodley to lead North America business from Jan 2, 2017
Wednesday, 5 Oct 2016 09:20am EDT 

Newmont Mining Corp :Appointed Andrew Woodley to lead company's North America business beginning on January 2, 2017.  Full Article

Newmont Mining sets qtrly dividend of $0.025 per share
Wednesday, 20 Jul 2016 04:01pm EDT 

Newmont Mining Corp :Sets quarterly dividend of $0.025 per share.  Full Article

Newmont Q2 adjusted earnings per share $0.44
Wednesday, 20 Jul 2016 04:00pm EDT 

Newmont Mining Corp : Qtrly gold CAS $637 per ounce compared to $642 per ounce in prior year quarter . Produced 1.3 million ounces,38,000 tonnes of attributable gold,copper, respectively, compared to 1.2 million ounces,42,000 tonnes in prior year quarter . Qtrly reported copper cas of $1.21 per pound unchanged from prior year quarter . Attributable copper production is expected to be between 40,000 and 60,000 tonnes in 2016 . Attributable copper production is expected to be between 40,000 and 65,000 tonnes in 2017 and 2018 . Attributable gold production is expected to increase from between 4.7 and 5 million ounces in 2016 to between 4.9 and 5.4 million ounces in 2017 . Gold cas is expected to be between $630 and $680 per ounce in 2016 . Copper cas is expected to be between $1.80 and $2.00 per pound in 2016 and 2017 . Copper aisc is expected to average between $2.20 and $2.40 per pound in 2016 . Copper aisc is expected to increase to between $2.75 and $2.95 per pound in 2018 . Company remains on track to repay $800 million to $1.3 billion of debt between 2016 and 2018 . Newmont announces second quarter operating and financial results . Q2 adjusted earnings per share $0.44 . Q2 revenue $2.0 billion versus i/b/e/s view $1.92 billion . Q2 earnings per share view $0.29 -- Thomson Reuters I/B/E/S . Qtrly aisc was $876 per ounce and $1.53 per pound, respectively, compared to $909 per ounce and $1.61 per pound in prior year quarter.  Full Article

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BRIEF-Newmont Mining amends credit agreement

* Newmont mining- on may 25 entered amendment and restatement agreement to its existing credit agreement dated as of may 20, 2011 - sec filing