Key Developments: Newmont Mining Corp (NEM)

NEM on New York Consolidated

26.39USD
22 Aug 2014
Price Change (% chg)

$-0.22 (-0.83%)
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Latest Key Developments (Source: Significant Developments)

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 Mining Corp signs agreement to sell jundee underground gold mine in Australia
Monday, 12 May 2014 06:50pm EDT 

Newmont Mining Corp:Says it has entered into a binding agreement with Northern Star Resources Limited to sell the Jundee underground gold mine in Australia for total proceeds of about $91 million.Sale comprised of cash at closing of about $77 million plus a further payment of about $14 million for working capital.Northern Star is acquiring all of Jundee's assets and liabilities including all environmental and employee obligations.The sale is expected to close in early July.  Full Article

Paladin Energy Sale of Shareholding by Newmont Mining Corporation
Thursday, 1 May 2014 02:10am EDT 

Paladin Energy:Says Newmont Mining Corporation sold its 5.4 pct shareholding in Paladin.Sale has been underwritten by investment bank at fixed price of $0.525 per share.  Full Article

Newmont Mining Corp updates FY 2014 gold and copper production outlook
Thursday, 24 Apr 2014 06:20pm EDT 

Newmont Mining Corp:Expects FY 2014 total attributable gold production of between 4.6 to 4.9 million ounces.Continues to expect total copper production of between 95 to 110 thousand tonnes.  Full Article

Newmont Mining Corporation declares quarterly dividend of $0.025 per share
Wednesday, 23 Apr 2014 08:00am EDT 

Newmont Mining Corporation:Declares quarterly dividend of $0.025 per share of common stock.Payable on June 26 to holders of record at close of business on June 12.  Full Article

Newmont Mining Corp continues to divest non-core assets with sale of 5.4 pct equity interest in Paladin Energy
Tuesday, 11 Mar 2014 03:59pm EDT 

Newmont Mining Corp:Says it has sold its 5.4 percent equity interest in Paladin Energy Ltd through a block sale agreement with UBS Australia.Says its ownership interest in Paladin was established through its acquisition of Fronteer Gold in 2011.  Full Article

Indonesia wants smelter supply deal before Newmont can resume exports

JAKARTA - Indonesia wants copper miners Newmont Mining Corp and Freeport-McMoRan Inc to hammer out a deal on concentrate supply for an upcoming smelter before allowing Newmont to resume exports, a mining ministry official said on Wednesday.

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