Key Developments: Newmont Mining Corp (NEM)

NEM on New York Consolidated

21.95USD
24 Oct 2014
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Latest Key Developments (Source: Significant Developments)

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

Newmont Mining Corp Declares Quarterly Dividend Of $0.20 Per Share
Wednesday, 30 Oct 2013 02:12pm EDT 

Newmont Mining Corporation announced that its Board of Directors declared a quarterly dividend of $0.20 per share of common stock, payable on December 27, 2013, to holders of record at the close of business on December 5, 2013.  Full Article

Newmont Mining Corp Reaffirms FY 2013 Gold Production Guidance; Lowers FY 2013 Copper Production Guidance
Thursday, 10 Oct 2013 05:26pm EDT 

Newmont Mining Corp announced that the Company continues to expect fiscal 2013 attributable gold production of 4.8 -- 5.1 million ounces and has revised its attributable copper production outlook to 135 -- 145 million pounds from 150 -- 170 million pounds.  Full Article

CORRECTED-UPDATE 1-Miner Fresnillo looks to hedge some gold output

(Corrects paragraph 4 to show the company received shareholder approval for acquiring Newmont's stake, not for hedging output)

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