Newmont Mining Corp. announced second quarter 2018 results. Net income: Delivered GAAP net income from continuing operations attributable to stockholders of $274 million or $0.51 per diluted share; delivered adjusted net income1 of $144 million or $0.26 per diluted share, down 43 percent compared to the prior year quarter EBITDA: Generated $545 [...]
Newmont Mining Corporation today announced agreements to acquire a 50 percent interest in the Galore Creek Partnership from NovaGold Resources Inc. , and to form a partnership with Teck Resources Ltd. , who owns the remaining stake. Galore Creek, located in British Columbia, is one of the largest undeveloped copper-gold projects with resources [...]
Newmont Mining Corp. announced that its Board of Directors declared a quarterly dividend of $0.14 per share of common stock, payable on September 27, 2018, to holders of record at the close of business on September 13, 2018. The dividend of $0.14 per share is 87% higher than the dividend declared in the prior year quarter. The declaration and [...]
Newmont Mining Corporation has completed its Northwest Exodus project, extending mine life from the Exodus underground operation in the Carlin North area for 10 years. Northwest Exodus marks Newmont’s second profitable expansion in the last month adding higher-grade, lower-cost gold production in Nevada. The project was completed safely [...]
Newmont Mining Corporation has achieved commercial production at its Twin Creeks Underground expansion project, adding higher-grade, lower-cost gold production at its Twin Creeks operation in Nevada. The project was completed on schedule for $42 million, slightly below guidance of between $45 and $55 million. The Twin Creeks Underground mine will [...]
Newmont Mining Corporation welcomed Sumitomo Corporation as a new and valued partner in Minera Yanacocha SRL following its purchase of a five percent stake in the partnership. Newmont, Buenaventura and Sumitomo completed the transaction today in which Sumitomo paid $48 million for the ownership interest in Yanacocha. In December 2017, Yanacocha [...]
Newmont Mining Corp. announced it will report second quarter 2018 operations and financial results before the market opens on Thursday, July 26, 2018 and will hold a conference call at 10:00 a.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 [...]
Newmont Mining Corporation today announced that it has entered into an agreement to sell its royalty portfolio to Maverix Metals Inc. , an emerging precious metals royalty and streaming company. In connection with the Transaction, Newmont will receive 60 million Maverix common shares, representing an ownership interest of approximately 28 percent [...]
Newmont Mining Corp. announced the election of René Médori, to the Board of Directors, by the stockholders at the Company’s Annual Meeting of Stockholders held on April 25, 2018. Mr. Médori has significant financial and commercial expertise from capital intensive businesses, supplying products to the oil refining, steel [...]
Newmont Mining Corp. released results of the Company’s Annual Meeting of Stockholders held on April 25, 2018. The following matters were voted upon at the meeting: the election of Directors; the advisory vote on the compensation of the Named Executive Officers; and the ratification of the appointment of the Company’s independent [...]
Newmont Mining Corp. announced first quarter 2018 results. Net income: Delivered GAAP net income from continuing operations attributable to stockholders of $170 million or $0.32 per diluted share; delivered adjusted net income1 of $185 million or $0.35 per diluted share, up 35 percent compared to the prior year quarter EBITDA: Generated $644 [...]
Newmont Mining Corp. announced that its Board of Directors declared a quarterly dividend of $0.14 per share of common stock, payable on June 21, 2018, to holders of record at the close of business on June 7, 2018. The dividend of $0.14 per share is nearly three times higher than the dividend declared in the prior year quarter. The declaration and [...]