Newmont Corporation announced a plan to significantly increase its quarterly dividend by 79 percent to $0.25 per share, or an expected $1.00 per share annually, which will become effective upon approval and declaration of the first quarter dividend in April 2020. The increased sustainable dividend supports an industry leading return profile and aligns with the Company’s disciplined approach to capital allocation [...]
Newmont Corporation today announced that the Company has refreshed its brand, name and logo to reflect its strong and stable foundation following two historic transactions in 2019. The Company’s refreshed brand is being unveiled as Newmont enters its centenary year in May of 2020 and will begin its next century of superior performance, value creation and sustainability leadership on May 2, 2021. “We [...]
Newmont today announced it successfully completed the sale of its 50 percent stake in Kalgoorlie Consolidated Gold Mines to Northern Star Resources Ltd. receiving cash proceeds of $800 million. “Newmont is pleased to complete the sale of KCGM to Northern Star and hand over the asset in good order to a well-established gold producer with a commitment to safety, community development and responsible environmental [...]
Newmont Goldcorp Corp. announced today that on December 18, 2019, Goldcorp Inc. , its wholly-owned subsidiary, disposed of 3,478,261 common shares and 3,478,261 common share purchase warrants of Origin Gold Corporation for aggregate consideration of $177,391.31 . The Disposition occurred on the TSX Venture Exchange. Prior to the Disposition, Goldcorp beneficially owned or exercised control or direction over 3,478,261 [...]
Newmont has agreed to sell its 50 percent stake in Kalgoorlie Consolidated Gold Mines to Australia’s Northern Star Resources Ltd. . Under terms of the agreement, Newmont will receive $800 million in cash for its interests in KCGM, inclusive of a $25 million payment that gives Northern Star specified exploration tenements, transitional services support and an option to negotiate exclusively for 120 days the purchase [...]
Newmont announced today that the Peñasquito mine and the nearby San Juan de Cedros community in Zacatecas, Mexico mutually agreed to an infrastructure solution securing sustainable water availability for the community’s domestic and agricultural uses. The 30-year water agreement represents a significant milestone and an important step in the ongoing negotiations between the parties. The agreement was [...]
Newmont was ranked the top mining company in Newsweek’s first-ever list of America’s Most Responsible Companies for 2020. Of the 300 businesses selected for inclusion in Newsweek’s index, Newmont placed 39th overall with a score of 79.6 out of 100. “Robust financial performance and effective risk management require strong, transparent governance and the integration of sustainability into all [...]
Newmont today announced its Board of Directors has unanimously approved the authorization of a stock repurchase program for up to $1 billion of common equity to be completed in the next 12 months.1 The program will be executed at the Company’s discretion, utilizing open market repurchases to occur from time-to-time throughout the authorization period. The Company’s stock repurchase program aligns with its [...]
Newmont today announced it has entered into a contractual arrangement to support Zijin Mining Group’s bid to acquire Continental Gold Inc. by selling its 19.9 percent equity stake and its convertible bond for $260 million. With the announced sale of Red Lake for $375 million, the Company expects to realize $635 million in total cash proceeds when the transactions close in the first quarter 2020. “Newmont [...]
Newmont announced its 2020 outlook1 with attributable gold production guidance of 6.7 million ounces at AISC2 of $975 per ounce. Attributable gold production is expected to be between 6.5 and 7.0 million ounces per year longer-term through 2024 with improving costs. The Company expects to produce approximately 1.1 million gold equivalent ounces from other metals in 2020 and increasing longer-term through 2024. Highlights [...]
Newmont Goldcorp Corp. has continued to streamline its asset base by entering into a binding agreement to sell the Red Lake complex in Ontario, Canada to Evolution Mining Ltd.. Upon closing of the transaction, expected in the first quarter of 2020, Newmont will receive $375 million in cash and contingent payments of up to an additional $100 million tied to new resource discoveries. “This transaction both strengthens [...]
Newmont Goldcorp Corp. said it looks forward to a long and productive partnership with Saracen Mineral Holdings Ltd. at Kalgoorlie Consolidated Gold Mines in Australia. Earlier today, Saracen announced an agreement to purchase Barrick Gold Corp.’s 50 percent stake in KCGM. Newmont Goldcorp will remain the operator of KCGM and continue to manage the mine according to its leading policies and standards. “We [...]
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