Key Developments: Newmont Mining Corp (NEM)

NEM on New York Consolidated

18.85USD
26 Dec 2014
Price Change (% chg)

$0.28 (+1.51%)
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$18.57
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Latest Key Developments (Source: Significant Developments)

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

Newmont Mining Corp declares quarterly dividend
Wednesday, 19 Feb 2014 06:51pm EST 

Newmont Mining Corp:Declared a quarterly dividend of $0.15 per share of common stock, payable on March 27 to holders of record at the close of business on March 13.The first quarter 2014 dividend is based on Newmont’s gold price-linked policy and based on the average London P.M. Fix of $1,276 per ounce for the fourth quarter 2013.Newmont's updated gold price-linked dividend policy includes a quarterly payable dividend based on the average London P.M. Fix for the preceding quarter.The first payout level will begin between $1,200 and $1,299 per ounce, with an annual dividend of $0.10 per share or $0.025 per quarter.The second payout will be between $1,300 and $1,399 per ounce, with an annual dividend of $0.20 per share or $0.05 per quarter.For each $100 per ounce additional increase in the average realized gold price above $1,300 per ounce, the annual payout will increase at a rate of $0.20 per share or $0.05 per quarter.  Full Article

Klondex Mines Ltd completes acquisition of the Midas Mine and Mill Complex from Newmont Mining Corp's subsidiary
Tuesday, 11 Feb 2014 03:55pm EST 

Klondex Mines Ltd:Says it has closed the previously announced acquisition of the Midas mine and related ore milling facility located in the State of Nevada from a subsidiary of Newmont Mining Corp.Says the aggregate purchase price totaled about US$83 mln, including a US$55 mln payment to Newmont and US$28 mln to replace the reclamation bond.Says it has also issued 5 mln common share purchase warrants to Newmont with a 15-year term, subject to acceleration in certain circumstances, and an exercise price of C$2.15.Says GMP Securities L.P. acted as financial advisor to Klondex and its Board of Directors in connection with the Acquisition and Acquisition Financings. The Company's legal advisors are Bennett Jones LLP and Dorsey & Whitney LLP.  Full Article

Newmont Mining Corp gives FY 2014 gold and copper production guidance
Thursday, 30 Jan 2014 05:17pm EST 

Newmont Mining Corp:Expects consolidated FY 2014 gold and copper production to be about 5.0 to 5.3 million ounces and 160 to 175 thousand tonnes, respectively.At CAS of about $740 to $790 per ounce and $2.00 to $2.25 per pound.  Full Article

Newmont Mining Corp optimizing portfolio with agreement to sell Midas Operation
Wednesday, 4 Dec 2013 04:31pm EST 

Newmont Mining Corp:Says the signing of a Stock Purchase Agreement under which Klondex Mines Ltd will acquire Newmont's Midas underground operation and mill complex in Nevada for total consideration in excess of $83 million.Says the purchase price comprises about $55 million in cash, subject to customary adjustments, and the replacement of Newmont surety arrangements with Nevada and federal regulatory authorities in the amount of about $28 million.  Full Article

Newmont Mining Corp Reaffirms FY 2013 Gold And Copper Production Guidance
Thursday, 31 Oct 2013 04:15pm EDT 

Newmont Mining Corp announced that it has maintained its fiscal 2013 attributable gold production outlook of 4.8 to 5.1 million ounces and copper production outlook of 135 to 145 million pounds.  Full Article

TABLE-Peru gold output up for second straight month in November

LIMA, Dec 26 - Gold output in Peru rose for the second month in a row on the year as output from Newmont Mining Corp's Yanacocha mine soared, the government said on Friday.

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