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United States

Newmont Mining Corp (NEM)

NEM on New York Consolidated

33.62USD
7 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Newmont announces debt tender offer
Thursday, 27 Oct 2016 07:36am EDT 

Newmont Mining Corp : Newmont announces debt tender offer .Newmont mining corp-to purchase for cash an aggregate principal amount of up to $500 million of 3.500% senior notes due 2022, 5.125% senior notes due 2019.  Full Article

Newmont Q3 adjusted earnings per share $0.38
Wednesday, 26 Oct 2016 05:13pm EDT 

Newmont Mining Corp : Newmont announces third quarter operating and financial results . Q3 revenue $1.8 billion versus I/B/E/S view $1.9 billion . Q3 adjusted earnings per share $0.38 . Q3 earnings per share view $0.50 -- Thomson Reuters I/B/E/S . Attributable gold production is expected to be between 4.8 and 5.0 million ounces in 2016 . Newmont Mining Corp - in Australia, Tanami expansion project is also on track to reach full production next year . Gold AISC is expected to be between $870 and $930 per ounce in 2016 . Newmont -reported gold CAS of $706 per ounce for quarter compared to $645 per ounce in prior year quarter . Newmont Mining Corp says Q3 reported copper CAS of $2.14 per pound compared to $1.78 in prior year quarter . Copper AISC is expected to be between $2.30 and $2.50 per pound in 2016 . Newmont Mining Corp says Q3 reported gold AISC of $925 per ounce compared to $879 per ounce in prior year quarter . 2016 capital has been reduced and is expected to be between $970 million and $1.2 billion . Newmont Mining Corp says Q3 copper AISC of $2.57 per pound compared to $2.21 per pound in prior year quarter . Newmont Mining Corp - attributable copper production is expected to be between 40,000 and 60,000 tonnes in 2016 . Expects to pay between $260 and $280 million of interest expense in 2016 . Newmont Mining Corp says for Q3 produced 1.25 million ounces of gold, improved from 1.21 million ounces in prior year quarter.  Full Article

Solidusgold to acquire Northumberland project from Newmont for US$20 million
Thursday, 15 Sep 2016 08:17pm EDT 

: Solidusgold to acquire Northumberland Project from Newmont for US$20 million . Solidusgold Inc - Says has engaged Haywood Securities Inc. as agent to raise aggregate gross proceeds of up to C$40 million .Solidusgold Inc - Received indications of support from GF Capital, LLC and certain strategic investors.  Full Article

Newmont subsidiary repays outstanding balance on revolving credit facility
Tuesday, 13 Sep 2016 04:25pm EDT 

Newmont Mining Corp: Indonesian subsidiary PTNNT repaid remaining $190 million balance under its revolving credit facility due in 2017 .Year-To-Date, Newmont has reduced its consolidated debt by more than $1.1 billion.  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