Newmont Corp. today announced it will defer the full-funds investment decision for the Yanacocha Sulfides project in Peru for at least two years to advance its portfolio optimization strategy designed to maximize returns for shareholders and create long-term value for other stakeholders1. The decision positions Newmont to prioritize other value-accretive opportunities and support its disciplined capital allocation [...]
Newmont Corp. announced today it has suspended operations at the Company's Peñasquito mine in Mexico while refuting claims by the National Union of Mine and Metal Workers of the Mexican Republic regarding violating legal regulations and labor agreements. The Company urged the Union to abide by the mutually agreed Collective Bargaining Agreement negotiated and signed by both parties in June of 2022. On June 7, 2023, the [...]
Newmont Corp. announced today the promotion of experienced leader Suzanne Retallack as the Company's Chief Safety and Sustainability Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230607005875/en/ Suzanne Retallack With more than twenty years of experience building and leading teams across a diverse range of commodities and jurisdictions, Suzanne's [...]
Today, Newmont Corp. published its 2022 Climate Report, prepared in alignment with the Recommendations of the Task Force on Climate-related Financial Disclosures . The report outlines how Newmont understands and is addressing climate change - from managing physical and transition climate risks and enhancing resiliency within our business, to climate impacts and reducing our greenhouse gas emissions. This press release [...]
Newmont Corp. today announced the appointment of Karyn Ovelman as Executive Vice President and Chief Financial Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230518005783/en/ Karyn Ovelman Karyn Ovelman is a highly experienced financial professional who will focus on financial discipline and maintaining a robust and flexible balance sheet to support [...]
Newmont Corp. today announced that following completion of due diligence it has entered into a binding Scheme Implementation Deed under which Newmont will acquire 100 percent of the issued share capital in Newcrest by way of an Australian court-approved Scheme of Arrangement . "The combination of Newmont and Newcrest represents an exceptional value proposition for shareholders and other stakeholders. It creates an [...]
Newmont Corporation today announced first quarter 2023 results and declared a first quarter dividend of $0.40 per share. Delivered First Quarter Production as Expected; Improving Production in Second Quarter* Produced 1.27 million gold ounces and 288 thousand co-product gold equivalent ounces ** from copper, silver, lead and zinc Reported gold Costs Applicable to Sales of $1,025 per ounce and gold All-In Sustaining Costs [...]
Today, Newmont Corp. launched its 2022 Sustainability Report and 2022 Taxes and Royalties Contributions Report as part of its annual reporting suite, highlighting the Company's most material environmental, social and governance topics. Newmont has published global sustainability reports on an annual basis since 2003. In May, the company will also publish its third annual Climate Report. This press release features [...]
Newmont Corp. today announced that it will release its first quarter 2023 operations and financial results, on Thursday, April 27, 2023. Newmont will hold a conference call at 10 a.m. Eastern Standard Time the same day, which will be available on the Company's website. Conference Call Details Dial-In Number 833.470.1428 Intl Dial-In Number 404.975.48391 Dial-in Access Code 034257 Conference Name Newmont Replay Number [...]
Newmont Corp. submitted a revised non-binding indicative proposal to the Board of Directors of Newcrest Mining Ltd. to acquire 100 percent of the issued share capital of Newcrest by way of an Australian Scheme of Arrangement, under which Newcrest shareholders would receive 0.400x Newmont shares per each Newcrest share held. In addition, Newcrest would have the right to fund and pay to its shareholders a special dividend [...]
Newmont Corp. today announced it completed the sale of its common shares of Triple Flag Precious Metal Corp. on the open market for $179 million in net proceeds, after tax. The monetization of Triple Flag's shares further streamlines and optimizes Newmont's equity portfolio, while generating cash for the business at fair value. Since the completion of the Goldcorp acquisition in 2019, Newmont has received more than $2 [...]
Newmont Corporation reported higher gold Mineral Reserves of 96.1 million attributable ounces for 2022 compared to the Company's 92.8 million ounces at the end of 2021. Newmont has significant upside to other metals, including more than 15 billion pounds of copper reserves and nearly 600 million ounces of silver reserves. This press release features multimedia. View the full release here [...]