Newmont Corp. and Newcrest Finance Pty Limited, a wholly owned subsidiary of Newmont today announced the redemption of $927,754,000 in principal, fully retiring the 5.30% Notes due 2026 . Including the early redemption of the 2026 Notes, Newmont will have retired approximately $1.4 billion of its debt over the last 12 months, demonstrating the Company's commitment to deleveraging and strengthening its balance sheet. The [...]
Newmont Corp. announced today that it has agreed to sell its Porcupine operation in Ontario, Canada to Discovery Silver Corp. for up to $425 million in total consideration. Upon closing the sale of the Porcupine operation and the previously announced transactions, Newmont will deliver up to $4.3 billion in total proceeds from non-core asset divestitures and investments. The transaction is expected to close in the first [...]
Newmont Corp. will release its full year and fourth quarter 2024 results after North American markets close on Thursday, February 20, 2025. A conference call to discuss the results will be held at 5:30 p.m. Eastern Standard Time the same day, which is 9:30 a.m. Australian Eastern Daylight Time on Friday, February 21, 2025. A replay of the webcast will be available through the Company's website. Conference Call Details [...]
Newmont Corp. announced today that Newmont Canada FN Holdings ULC , a wholly-owned subsidiary of Newmont, sold 9,500,000 common shares of Star Diamond Corp. held by the Vendor by way of a private placement transaction for an aggregate purchase price of $190,000.00, being $0.02 per share . Pursuant to the Transaction, the Vendor sold 9,500,000 common shares of Star Diamond , representing approximately 1.54% of the issued [...]
Newmont Corp. announced today that it has agreed to sell its Cripple Creek & Victor operation in Colorado, USA, to SSR Mining Inc. for up to $275 million in cash consideration. Upon closing the announced transactions, Newmont will have delivered up to $3.9 billion in gross proceeds from non-core asset divestitures and investment sales.1 The transaction is expected to close in the first quarter of 2025, subject to certain [...]
Newmont Corp. announced today that it has agreed to sell its Éléonore operation in Northern Quebec, Canada, to Dhilmar Ltd for $795 million in cash consideration. The transaction is expected to close in the first quarter of 2025, subject to certain conditions being satisfied.1 Upon closing the announced transactions, Newmont will have delivered up to $3.6 billion in gross proceeds from non-core asset divestitures and [...]
Newmont Corp. announced today that it has agreed to sell its Musselwhite operation in Ontario, Canada, to Orla Mining Ltd. for up to $850 million in total consideration. Under the terms of the agreement, Newmont will receive cash consideration of $810 million upon closing and up to $40 million1 in contingent payments. The transaction is expected to close in the first quarter of 2025, subject to certain conditions being [...]
Newmont Corp. announced today that Newcrest Canada Holdings Inc. , a wholly-owned subsidiary of Newmont, sold all 14,674,056 common shares of Azucar Minerals Ltd. held by the Vendor to Almadex Minerals Ltd. and certain directors and officers of Azucar , for an aggregate purchase price of $220,110.84, being $0.015 per share . The Transaction was completed pursuant to a share purchase agreement among the Vendor and the [...]
Newmont Corp. today announces the commissioning of its first battery-electric large mining truck at the Cripple Creek and Victor mine in Teller County, Colorado, U.S. The vehicle, dubbed the Early Learner Cat® 793 XE, is an important milestone for Newmont, made possible through its strategic alliance with Caterpillar Inc. This press release features multimedia. View the full release here [...]
Newmont Corporation today announces its operations in Suriname has been awarded with the United States of America Secretary of State's Award for Corporate Excellence in the Climate Resilience category. This recognition, highlights Newmont's pivotal role in advancing Suriname's economic development and the company's commitment to sustainability and corporate responsibility. This press release features multimedia. View the [...]
Newmont Corp. today announces its Cadia operation in Orange, NSW has achieved The Copper Mark and The Molybdenum Mark following an independent assessment, recognising responsible production practices at Australia's largest underground mine. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241027446724/en/ Cadia operations, Orange, New South Wales, Australia [...]
Newmont Corporation today announced third quarter 2024 results and declared a third quarter dividend of $0.25 per share. "In the third quarter, Newmont delivered 2.1 million gold equivalent ounces and generated $760 million in free cash flow from our world-class portfolio," said Tom Palmer, Newmont's President and Chief Executive Officer. "We continue to make meaningful progress on our non-core divestment program with the [...]
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