Newmont Corp.

Newmont Corp. today announced that its Board of Directors declared a quarterly dividend of $0.40 per share of common stock, payable on December 28, 2020 to holders of record at the close of business on December 11, 2020. The third quarter dividend represents an increase of 60 percent compared to the prior quarterly dividend of $0.25 per share. Newmont’s dividend is the highest in the gold sector and demonstrates the [...]

Newmont Corp. today announced it will report third quarter 2020 operations and financial results before the market opens on Thursday, October 29, 2020 and will hold a conference call at 12 p.m. Eastern Time the same day. The earnings call will also be carried on the Company’s website. Conference Call Details Dial-In Number 855.209.8210 Intl Dial-In Number 412.317.5213 Conference Name Newmont Replay Number 877.344.7529 [...]

Newmont Corp. announced today that it has formed an Exploration Joint Venture in Colombia with Agnico Eagle Mines Ltd. . The 50-50 Joint Venture, which will be operated by Agnico Eagle, will explore the Anzá project and advance other prospective gold targets of district-scale potential in Colombia. The Anzá project is a gold exploration project, comprising exploration contracts and applications totaling approximately 200 [...]

Newmont announced today that on September 20, 2020, it entered into a definitive agreement with Maverix Metals Inc. to sell a portfolio of eleven royalties to Maverix. As partial consideration under the Transaction, Newmont will acquire 12,000,000 common shares of Maverix. The 12,000,000 Common Shares issued to Newmont will have an aggregate value of $79,092,024 or $6.591 per share . Immediately prior to the Transaction [...]

Newmont Corp. announced today that it has entered into a definitive agreement with Maverix Metals Inc. to sell a portfolio of eleven royalties . Newmont will receive total consideration of approximately $90 million from Maverix, consisting of $15 million in cash, 12 million Maverix common shares, and up to $15 million in contingent cash payments payable upon completion of certain milestones. The royalties provide exposure [...]

Newmont Corp. has received notice of an unsolicited "mini-tender" offer by TRC Capital Investment Corporation to purchase up to 2,000,000 shares of common stock of Newmont at $63.75 per share. This offering price is 4.44 percent BELOW the $66.71 per share closing price of Newmont shares on August 28, 2020, the day before the offer. TRC has made its offer subject to numerous conditions and has stated that it may terminate [...]

Newmont Corp. announced today the election of Susan N. Story to the Board of Directors effective September 10th. With more than 38 years of experience in the water, energy and electricity industries, Ms. Story is a highly accomplished and successful leader in operations, finance, policy, insights and strategy. She served as the President and Chief Executive Officer of American Water Works Co. Inc. until her retirement in [...]

Newmont Corp. announced today that Bernard Wessels has been appointed General Manager of the Peñasquito mine, replacing Jim Cooper. Jim Cooper’s employment with Newmont has been terminated with immediate effect for violations of Newmont’s Code of Conduct while working for the Company in Australia. Bernard Wessels brings a long and successful track record of operational delivery to Peñasquito having managed Newmont’s Ahafo [...]

Newmont Corp. announced today that the Cedros General Assembly ratified the definitive agreement that was reached on April 22, 2020 and resolved all outstanding disputes between Peñasquito and the San Juan de Cedros community . The agreement was developed with the support of Mexico’s Ministry of Interior , the Government of the State of Zacatecas, the Undersecretary of Mining, and the Mining Union, and was signed by [...]

Newmont today announced second quarter 2020 results. Produced 1.3 million attributable ounces of gold* and reported CAS* of $748 per ounce and AISC* of $1,097 per ounce and produced 138 thousand attributable gold equivalent ounces from co-products. Generated $668 million of cash from continuing operations and $388 million of Free Cash Flow* while safely managing the ramp up of operations in care and maintenance. Reported [...]