United States

Newmont Mining Corp (NEM)

NEM on New York Consolidated

26 May 2017
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$0.68 (+2.03%)
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Latest Key Developments (Source: Significant Developments)

Goldstrike forms strategic alliance with Newmont and its unit
Monday, 6 Mar 2017 12:13pm EST 

Goldstrike Resources Ltd : Entered into a strategic alliance with Newmont Mining Corporation and its subsidiary, Newmont Canada FN Holdings ULC . If Newmont elects to proceed with phase 2, it must incur minimum of an additional $16 million in exploration expenditures . Newmont agreed to purchase 12.7 million units of Goldstrike by way of non-brokered private placement at price of C$0.4742 per unit . Under strategic alliance, Goldstrike has agreed to grant to Newmont right to earn 51% interest in Goldstrike's plateau project . After completion of phase 2, Newmont must fund all expenditures on plateau . If Newmont does not complete phase 1 or phase 2, its interest will revert to 49% in Co's plateau project .Proceeds from placement to be used to fund 2017 exploration program on plateau project, which will be jointly managed by Newmont,Co.  Full Article

Newmont declares quarterly dividend of $0.05 per share
Thursday, 16 Feb 2017 07:49pm EST 

Newmont Mining Corp :Newmont declares quarterly dividend of $0.05 per share.  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

Moody's says Newmont's sale of Batu Hijau interest credit positive
Tuesday, 5 Jul 2016 03:17pm EDT 

Newmont Mining Corp :Moody's says Newmont's sale of Batu Hijau interest credit positive.  Full Article

Sumitomo Corp: To get $350 mln for sale of stake in Indonesia copper-gold mine
Thursday, 30 Jun 2016 10:12pm EDT 

Sumitomo Corp <8053.T>: to get 36 billion yen ($350 million) for sale of entire stake in Indonesia copper-gold mine .higher copper prices and mine developments may trigger receipt of another 21 bln yen as part of Indonesia copper-gold mine sale.  Full Article

Newmont enters agreement to sell interest in Indonesian assets
Thursday, 30 Jun 2016 06:04am EDT 

Newmont Mining Corp : Says total consideration is $1.3 billion for Newmont's 48.5 percent economic interest in PTNNT . Newmont Mining Corp says Nusa Tenggara Mining Corporation, majority owned by Sumitomo Corporation, has also agreed to sell its ownership stake to PT AMI . Says amount is comprised of cash proceeds of $920 million expected to be paid at closing and contingent payments of $403 million . Newmont Mining Corp says binding share sale, purchase agreement with PT Amman Mineral Internasional to sell its interests in PT Newmont Nusa Tenggara . Says contingent payments of $403 million tied to metal price upside and development of Elang .Newmont enters agreement to sell interest in Indonesian assets.  Full Article

Revelo establishes JV in Chile for Montezuma Project
Tuesday, 17 May 2016 08:45am EDT 

Revelo Resources : Chilean subsidiary established a Chilean joint venture company with subsidiary of Newmont Mining Corporation . Says Newmont has indicated that it plans to start drill testing of key anomalies on about 45,285-hectare Montezuma Project in Q3 2016 . JV is currently owned 51 pct by Newmont and 49 pct by Revelo, but Newmont has elected to pursue a further 14 pct (to 65 pct) in JV company .Revelo establishes company with JV partner in Chile for Montezuma project.  Full Article

Newmont Mining Corp investigates some activities outside of U.S.-filing - Reuters News
Thursday, 21 Apr 2016 03:41am EDT 

Newmont Mining Corp:Newmont Mining Corp is conducting an investigation into certain business activities of the company, its affiliates and contractors in countries outside the United States, the miner said in a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday - RTRS.Colorado-based Newmont said the investigation includes a review of compliance with the requirements of the U.S. Foreign Corrupt Practices Act.It is working with the SEC and the U.S. Department of Justice on the investigation, it said.  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