Key Developments: Newmont Mining Corp (NEM)

NEM on New York Consolidated

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11 Feb 2016
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Latest Key Developments (Source: Significant Developments)

Newmont Mining Corp to sell Waihi Operations in New Zealand to OceanaGold Corporation
Wednesday, 29 Apr 2015 04:32pm EDT 

Newmont Mining Corp:Signed a non-binding letter of intent with OceanaGold Corporation to sell Newmont Waihi Gold Limited.Says Terms of sale include cash proceeds of $101 million, a $5 million contingent payment, and a one percent Net Smelter Royalty on a recent discovery north of Waihi's current operations.Says OceanaGold Corporation will acquire all of Waihi's open pit and underground mining assets and liabilities, including all social, environmental and employee obligations.Both parties have agreed to complete due diligence and target execution of a definitive acquisition agreement in mid-May.  Full Article

Newmont Mining Corp declares quarterly dividend of $0.025 per share
Tuesday, 21 Apr 2015 04:46pm EDT 

Newmont Mining Corp:Declares quarterly dividend of $0.025 per share of common stock.Payable on June 25 to holders of record date as on June 11.  Full Article

Newmont Mining Corp gives FY 2015, FY 2017 production outlook
Thursday, 19 Feb 2015 04:06pm EST 

Newmont Mining Corp:Says attributable gold production to increase steadily from between 4.6 and 4.9 mln ounces in FY 2015 to between 4.7 and 5.1 mln ounces by FY 2017.  Full Article

Newmont Mining Corp declares quarterly dividend of $0.025 per share
Monday, 16 Feb 2015 08:04pm EST 

Newmont Mining Corp:Declared a quarterly dividend of $0.025 per share of common stock, payable on March 26, 2015, to holders of record at the close of business on March 12, 2015.  Full Article

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

U.S. RESEARCH ROUNDUP-Apple, Intel, Coca-Cola, Macerich

Jan 12 Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Interactive Brokers Group and UDR Inc, on Tuesday. HIGHLIGHTS * Apple : BofA Merrill raises to buy from neutral * Intel Corp : Mizuho Securities raises to buy; raises target price to $37 * Coca-Cola Co : Stifel raises to buy from hold * Interactive Brokers Group Inc : Goldman Sachs cuts to sell from neutral * UDR Inc : Cowen

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